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Hai Phong pledges favourable conditions for Taiwanese investors

The Economic Zone Authority of northern Hai Phong city (HEZA) pledged the most favourable administrative procedures for foreign investors, while meeting with China’s Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) on September 28.
Hai Phong pledges favourable conditions for Taiwanese investors ảnh 1The meeting between the Hai Phong Economic Zone Authority and representatives of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) on September 28 (Photo: VNA)
Hai Phong (VNA) – The EconomicZone Authority of northern Hai Phong city (HEZA) pledged the most favourableadministrative procedures for foreign investors, while meeting with China’sTaiwan Electrical and Electronic Manufacturers’ Association (TEEMA) onSeptember 28.

This was the third delegation ofTaiwanese businesses to visit Hai Phong since the start of this month to learnabout the local investment climate.

At the meeting, HEZA made known thecity’s advantages, including infrastructure and human resources, along with incentives for investors at  its economic zones (EZs) and industrial parks (IPs).

It also highlighted thereadiness to connect Taiwanese enterprises and investors with Hai Phong universities,vocational schools, and training establishments to boost cooperation in improvinghuman resource quality.

Developers of IPinfrastructure also provided an overview of local IPs and EZs, investmentattraction orientations, logistics potential, and transport and technicalinfrastructure there.

The TEEMA delegation expressed theirinterest in local potential, advantages, and investment attraction policies.

As of August 31, HaiPhong was home to 60 Taiwanese projects worth 1.46 billion USD, accounting for6.1% of the total foreign direct investment (FDI) in the city. Twenty-seven of theprojects are located in IPs and EZs, with a combined capital of 1.25 billion USD.

Taiwanese firms in thecity posted revenue of 1.15 billion USD in 2021 and 668 million USD in thefirst half of this year, statistics show./.
VNA
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