Business

FDI flow into Hai Phong soars

The northern port city of Hai Phong absorbed 1.8 billion USD in foreign direct investment (FDI) in the first half this year, 3.5 times higher than the same period last year.
FDI flow into Hai Phong soars ảnh 1A production line at the Bridgestone Factory in Hai Phong (Source: VNA)

Hanoi (VNA) – The northern port city of Hai Phong absorbed 1.8 billion USD in foreign direct investment (FDI) in the first half this year, 3.5 times higher than the same period last year, the Dau Tu (Investment) newspaper reported, citing statistics of the municipal Department of Planning and Investment.

The figure represents 93 percent of the city’s yearly target.

With 23 new projects and 17 expanded ones licenced in the period, Hai Phong was among the top localities in terms of FDI attraction.

Most noteworthy among the newly-licensed projects was the 1.5 billion USD factory in Trang Due Industrial Park invested by LG Displays Co. Ltd from the Republic of Korea (RoK).

Together, the new FDI projects created jobs for nearly 27,000 labourers, Director of the Department Duong Ngoc Tuan said.

According to the director, Hai Phong is now home to 470 operational projects, with a combined registered capital of nearly 12.68 trillion USD.

Among FDI enterprises allowed to raise capital, Regina Miracle International Ltd from Hong Kong, China in VSIP Hai Phong IZ, producing women's underwear and sportswear adjusted its capital from 150 million USD to 235 million USD.

Meanwhile, Chilisin Holding Limited, another Hong Kong-funded project in the IZ almost doubled its registered capital, from 22.6 million USD to 46 million USD.

According to Mai Xuan Hoa, Vice Head of Hai Phong Economic Zone management board, Hai Phong has become the choice of numerous big economic groups from Japan, the RoK and Belgium.

He underlined the city’s favourable investment climate and developed infrastructure facilities as advantages to help Hai Phong attract more FDI.-VNA

VNA
#northern port city #FDI projects #newly-licensed #operational projects Hai Phong
Follow VietnamPlus

Related News

See more

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.

Illustrative photo (Photo: VNA)

January CPI rises on stronger Tet holiday demand

CPI in January 2026 rose 0.05% month-on-month, with urban areas up 0.02% and rural areas up 0.09%. Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines.

Vietnam is currently Cambodia’s third-largest trading partner worldwide, after China and the US, and its largest trading partner within ASEAN. (Photo: Ministry of Industry and Trade)

Party chief’s Cambodia visit to open up new phase of deeper, closer cooperation

To further unlock the potential of bilateral economic and trade cooperation, Vietnam and Cambodia should continue reviewing and effectively implementing signed agreements, facilitating trade and border connectivity, strengthening trade promotion in complementary sectors, reforming administrative procedures, upgrading border and logistics infrastructure, and enhancing coordination in combating smuggling and trade fraud.

Investors monitor stock market movements at the HoSE trading floor. (Photo: VNA)

VNX, FTSE Russell discuss Vietnam market upgrade

During the working session, the two sides shared updates on the performance of Vietnam’s stock market in 2025, focusing on market capitalisation, index trends, developments in the equities, bond and derivatives segments, and the continued expansion of the investor base.

Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City (Photo: VNA)

Vietnamese goods dominate Tet market in Ho Chi Minh City

Despite still-muted purchasing power, Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City, as consumers increasingly prioritise locally made goods, from fresh food and fast-moving consumer items to processed products, for their stable quality, reasonable prices and transparent origins.

Vietnamese Ambassador to Algeria Tran Quoc Khanh talks with an Algerian businessman at the 7th International Chocolate and Coffee Show in Algeria, on February 4. (Photo: VNA)

Vietnam, Algeria promote economic cooperation

Vietnamese Ambassador to Algeria Tran Quoc Khanh has visited Oran Province to follow up on agreements from Prime Minister Pham Minh Chinh's November visit, during which he held meetings with local officials and business representatives.

Visitors at the first Spring Fair 2026. (Photo: VNA)

Ho Chi Minh City showcases economic, cultural potential at Spring Fair 2026

Covering nearly 3,400 square metres, Ho Chi Minh City's exhibition area has brought together almost 80 representative enterprises and key economic organisations, displaying more than 300 products, solutions and services distinctive to the city. The exhibition highlights the city's vitality and potential as a dynamic and innovative economic hub committed to sustainable growth.