Hai Phong becomes increasingly attractive to investors

The northern port city of Hai Phong has become more attractive in the eyes of both domestic and foreign investors thanks to its concerted and modern development of socio-economic fields, transport and urban infrastructure, fair business and investment environment.

A number of domestic investors have flocked to the northern port city, including Vingroup, Sun Group and Flamigo Group.

Hai Phong's advantages and potential, and flexible policies on investment attraction have helped the city lure more and more foreign investors, including those from the Republic of Korea and Taiwan (China).

The Republic of Korea is the leading investor in both capital and number of projects. Up to 10 billion USD out of a total of 80 billion USD the RoK investing in Vietnam was poured into Hai Phong. 

As of late last month, Hai Phong attracted 1.23 trillion VND in foreign direct investment (FDI), equivalent to 50.12% of the set plan.   

Local authorities said Hai Phong wishes to strengthen comprehensive cooperation with partners in building smart cities, e-government, education, health care, and human resources development, among others./.  

VNA