Economic diplomacy plays a critical role in enhancing trade, investment, and economic cooperation, and this was demonstrated through a recent trip by a leadership delegation from Hai Phong to China. The visit aimed to exchange experiences, promote investment, trade, and collaboration in various sectors including technology, training, and digital transformation. Positive outcomes included the registration of seven new enterprises with a total investment of nearly 200 million USD, along with three Memoranda of Understanding with investors in Hai Phong's industrial zones. The city has also strengthened ties with several Chinese regions and large corporations.
Previously, Hai Phong also sent delegations to Japan, South Korea, and the United States, securing tangible agreements and partnerships. In addition to political and cultural diplomacy, economic diplomacy has become increasingly vital for Hai Phong as it seeks to meet its rapid and sustainable development goals. The city is committed to improving its investment environment, fostering competitiveness, and modernizing its investment promotion efforts.
The city's proactive foreign economic relations have helped deepen its traditional ties with partner countries and attracted international investment. Hai Phong’s international profile has grown, with numerous international agreements between the city’s authorities and foreign partners. This has significantly contributed to the city’s economic growth and its position as a leading destination for foreign direct investment (FDI) in Vietnam. Hai Phong currently hosts nearly 1,000 active foreign investment projects, amounting to over 30 billion USD from investors in 39 countries and territories.
The city's economic diplomacy approach, characterized by "breakthroughs, advice, partnership, and monitoring," has strengthened international trade promotion and expanded global connections. By providing clear information and promoting Hai Phong’s investment environment, the city has successfully attracted high-potential foreign investors and companies, solidifying its position as a prime hub for FDI and contributing significantly to its ongoing development.