PM calls for more investment in Hai Phong

Hai Phong (VNA) – Prime Minister Nguyen Xuan Phuc has called on investors to pour money into the northern coastal city of Hai Phong, especially in production, business, tourism and services.

Addressing an investment promotion conference in the city on September 19, the PM assured that the Government will make every effort to stablise the macro economy, curb inflation and maintain economic growth, towards facilitating long-term business of investors and enterprises in Vietnam.

He highlighted Hai Phong’s advantages for socio-economic development, while praising the city’s great achievements in investment attraction, especially foreign direct investment (FDI).
The Government welcomes and appreciates investors’ business and investment in Hai Phong, he stressed, expressing his hope that investors will expand their activities in the city.

He added the Government and the municipal authority will work to protect human rights, legitimate rights and benefits, and assets of investors in accordance with Vietnam’s Constitution and law.

Attention will be also paid to training human resources, including both managers and skilled workers, to meet investors’ demand for high-quality workforce, he affirmed.

He took the occasion to urge investors to soon implement licensed projects, and ensure environment and culture-related issues in their investment process.

Meanwhile, the city’s leaders committed to strongly improving the investment and business climate in order to attract more investors to the locality.

At the conference, the municipal People’s Committee announced a decision to set up an investment, trade and service promotion centre, which will serve as a bridge connecting the local authorities and businesses. The model is expected to help create a convenient and transparent investment climate for investors, promote administrative reform and deal with difficulties facing enterprises in the city.

On the occasion, representatives from the committee presented investment licences to LG Innotek Co., Ltd of the Republic of Korea and Flat Group of Hong Kong, which will respectively conduct a 550 million USD project in the Trang Due industrial park (IP) to manufacture electronics and camera modules, and invest 200 million USD in a solar-energy glass project in the Dinh Vu IP.

The event, which was attended by representatives from nearly 200 domestic and foreign enterprises and investors, many groups and enterprises signed cooperation agreements on tourism and airline development, IP and transport infrastructure construction.

As of September 12, Hai Phong drew over 2.7 million USD in FDI, five times higher than that of the same period last year, becoming the leading locality nationwide in FDI attraction.-VNA