Thanks to the persistence in policies and selective investment attraction mechanisms, Hai Phong has become one of the "capitals" of high-tech industry in the country. Since then, it has made important contributions to the city's development, worthy of being a key economic sector, contributing significantly to the industrialization and modernization of the city and the country.
Clear position as a high-tech industrial center
Recently, the City People's Committee held a conference to grant investment registration certificates to 12 projects in industrial parks and economic zones (IPs, EZs) in the city with a total capital of up to 1.8 billion USD.
Among the projects increasing investment capital in Hai Phong this time, the most notable is the expansion investment project of LG Group, Korea (LG Display Vietnam Hai Phong Co., Ltd.) in Trang Due Industrial Park, increasing the total investment capital from 4.65 billion USD to 5.65 billion USD (an increase of 1 billion USD). This is one of the largest investment projects of LG Group in Vietnam, specializing in the production of high-tech OLED screens with a scale of 14 million products/month. The project started in 2016 with a capital of 1.5 billion USD. After 8 years of continuous operation, the scale has been expanded, increasing by 4.15 billion USD, creating jobs for more than 22,000 workers, average export value reaching 5.8 billion USD/year, and contributing an average of 1,000 billion VND/year to the budget. Other investors from Korea, Belgium, Taiwan, Singapore, China... also increased their investment capital or made new investments in projects in industrial parks and economic zones in Hai Phong with capital ranging from 10 million USD to 169 million USD, most of which are high-tech projects.
Previously, in May 2024, Ecovance Vietnam Co., Ltd. (under SK Group) officially started the ECOVANCE high-tech biodegradable materials factory project in Hai Phong. The project has a total investment of about 100 million USD to produce biodegradable materials, plastic products and related materials in the biomaterial production process. This is also the first direct investment project of SK Group in Vietnam, creating an important premise for continuing to expand business investment as well as attracting SK's supporting investors to Hai Phong in the coming time.
Along with that, the proportion of attracting FDI projects in the fields of high-tech industry, processing, manufacturing, seaports, and logistics is also increasingly improved, reaching 83.3% in 2021, and more than 81.8% in 2022 and 2023...
Comrade Le Trung Kien, Head of Hai Phong Economic Zone Management Board, said that in recent years, FDI projects invested in Hai Phong are being strongly shifted from breadth to depth, focusing on large-scale projects, using high, advanced, environmentally friendly technology, creating products with high added value, included in the global product chain of large economic groups such as: LG Group (9.24 billion USD), Bridgestone Group - Japan (1.22 billion USD); Regina Miracle Group Hong Kong (1 billion USD) ...
Continue to attract selective investment
For Hai Phong's high-tech industry to continuously develop and achieve positive results as above is the process of tireless efforts of the entire political system. The city focuses on directing strongly, mobilizing the participation of all levels, departments, branches, localities, along with many specific mechanisms, policies, and action programs to realize the goals of socio-economic development in general and the industrial sector in particular. In particular, the city focuses on investing in completing and modernizing the transport infrastructure system connecting regions, domestically and internationally, including roads, sea routes, rivers, airways, and railways. Prioritizing investment in expanding the transport system connecting to industrial parks and industrial clusters and orienting the development of concentrated industrial parks and clusters...
In particular, Hai Phong has persisted in its screening strategy, attracting truly quality investors such as LG, Pegatron, USI, Bridgestone, SK... Experience shows that once it has taken the lead with these "big guys", the city will have the momentum to continue attracting supporting and service businesses to invest financially in the industrial park of the "core" project or neighboring industrial parks. And it is also these "big guys" who, after realizing the attractive investment environment of Hai Phong, continuously "pour capital" to expand their production and business activities.
Mr. Choi In Kwan, representative of LG Group, said: Hai Phong is an ideal city for businesses, because it has a good infrastructure system such as seaports, international airports and is a place with many excellent human resources. More importantly, the city's leaders always pay attention and provide timely support to FDI enterprises. For example, even when there are problems with power supply to the Northern region, industrial parks, including Korean enterprises in Hai Phong, are still given priority to continuous grid power supply, without affecting production activities. Enterprises are also very impressed when the city's leaders directly went to the scene and gave timely instructions to quickly overcome the damage after the recent storm No. 3... With that foundation, LG Group will continue to expand its investment scale in Hai Phong as well as Vietnam in the future.
Resolution 45 of the Politburo on the construction and development of Hai Phong city by 2030, with a vision to 2045, requires Hai Phong to take the lead in the country in the cause of industrialization and modernization; be the driving force for the development of the Northern region and the whole country; have modern, smart, and sustainable industry. Action Program No. 76 of the Standing Committee of the Hai Phong City Party Committee sets the goal of basically completing the cause of industrialization and modernization by 2025, becoming a modern industrial city; by 2030, becoming a modern, smart, and sustainable industrial city of the scale of Southeast Asia. With LG, SK, Pegatron... and a series of new investment projects coming to the city in the coming time, Hai Phong is confident that it will complete the set goals, take the lead in the country in developing Industry 4.0, and at the same time have processed and manufactured products reaching the world level.