The northern port city of Hai Phong will give priority to attracting investors operating in technology-based industries which could create high economic value and save materials and fuel in the coming time.

Over the past three years, Hai Phong has been considered a highlight in FDI attraction.

In 2012, 1.2 billion USD of FDI was poured into the city, ranking it the second among localities nationwide in attracting FDI. The figure doubled last year to 2.4 billion USD, naming the city in the top three localities in this field.

The city now has over 360 active FDI projects, with a total registered capital of 8.27 billion USD.

Hai Phong has lured large projects from Japan and the Republic of Korea (RoK), such as LG, Bridgestone, Fuji Xerox, Kyocera and Nipro Pharma. These projects use modern technology and equipment, have a high added value and can help attract other projects. FDI projects worth hundreds of millions of USD and even billions of USD are also found in Hai Phong.

Hai Phong is a favorable gateway to land, railway and waterway routes and ranks first among provinces and cities nationwide in terms of seaport services. That is why most of big investors in Hai Phong produce goods for export.

In recent years, administrative procedures in the city have improved to increase investor’s comfort. Hai Phong has taken the initiative in catching the wave of investment from many countries.

To lure more FDI, the city has many solutions including speeding up the construction of infrastructure projects and creating a breakthrough in the construction of essential infrastructure in the Dinh Vu-Cat Hai Economic Zone.

The city will also promote the application of technologies and a quality management system in accordance with the ISO 9001:2008 standard to swiftly solve difficulties facing enterprises in implementing administrative procedures.

In addition, it has also paid attention to developing a high-quality workforce and improving the skills of technical workers to meet the requirements of large projects.-VNA