Business

Hai Phong expands industrial parks to draw more FDI

The northern port city of Hai Phong is rolling out measures to make breakthroughs in the development of economic zones (EZ) and industrial parks (IP) to attract more foreign direct investment (FDI).
Hai Phong expands industrial parks to draw more FDI ảnh 1Le Trung Kien (fourth, left), Head of the Hai Phong Economic Zone Authority, visits and present gifts to businesses in local IPs on February 5. (Photo: VNA)
Hai Phong (VNA) - The northern port city of HaiPhong is rolling out measures to make breakthroughs in the development ofeconomic zones (EZ) and industrial parks (IP) to attract more foreign directinvestment (FDI).

The city plans to build 15 more IPs with a total areaof over 6,200 hectares. To date, the construction of two has been approved by thePrime Minister, covering nearly 1,200 hectares.

Alongside, as the city aims to develop sustainably, it is switching traditional IPs into ecological IPs at DEEP C IP and Nam CauKien IP, heading to the circular economy model, thus saving resources, reducingcosts and protecting the public health and the environment.

Hai Phong has also built a project to adjust the general planningof the Dinh Vu-Cat Hai EZ until 2040 with a vision to 2050. The city also aimsto construct an EZ in the south of the city, which is expected to take shape in 2025 with an area of 20,000 hectares.

So far, the city has had 14 IPs with an average occupationrate of 63.25%.

Le Trung Kien, head of the Hai Phong Economic Zone Authority, said that last year, the city drew 3.5 billion USD of FDI, raising the total in the city to 26.5 billion USD, with priority to projects with high and environmentallyfriendly technologies./.
VNA
#Hai Phong #economic zones (EZ) #industrial parks (IP) #DEEP C IP #Nam Cau Kien IP #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Hai Phong must strive for master plan realisation: NA Chairman

Hai Phong must strive for master plan realisation: NA Chairman

National Assembly Chairman Vuong Dinh Hue has ordered Hai Phong to promptly translate its vision, perspective, and goals into specific and detailed plans, showing the best performance in implementing the master plan of the northern port city to 2040 with a vision to 2050.

See more

At the second economic consultation meeting held in Warsaw (Photo: Ministry of Industry and Trade)

Vietnam, Poland discuss major measures to beef up economic ties

Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.

Executive President of the China - ASEAN Business Council (CABC) Xu Ningning. (Photo: VNA)

Broader space for Vietnam - China cooperation: Chinese expert

By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.