Hai Phong’s FDI attraction growth tops 140%
The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.
To date, Hai Phong has lured more than 1,000 FDI projects, valued at nearly 28 billion USD. (Photo: VNA)With these results, the city has kept its top position nationwide in terms of FDI attraction.
In September alone, the Hai Phong Economic Zone Authority (HEZA) granted investment registration certificates to new projects valued at nearly 1.4 billion USD in total. It also gave the green light to the Japanese-funded Kyocera Document Solutions Inc. to add 237.5 million USD to its machinery-equipment manufacturing project in VSIP Hai Phong.
Le Trung Kien, head of HEZA, attributed the sound growth to HEZA’s proactive promotion of the local business climate.
According to him, the city continues to attract selective investment, and actively cooperate with leading global conglomerates in sectors and industries prioritised by Vietnam. Hai Phong is devising its own mechanisms to promote modern technology projects with commitments to technology transfer, market expansion, supply chain and human resources development, helping domestic businesses participate more deeply in the global value chain.
To date, Hai Phong has lured more than 1,000 FDI projects, valued at nearly 28 billion USD./.
You should also see
All-out efforts needed to get IUU yellow card removed: Minister
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
See more
Business
Khanh Hoa province seeks tourism partners in Thailand
The south central coastal province of Khanh Hoa introduced its tourism potential to potential partners in Thailand at a conference held in the Thai capital Bangkok on April 26.
Business
Vietnam strives to remain world’s biggest cinnamon exporter
The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Business
InfographicVietnam targets seven marine economic clusters by 2030
Seven maritime economic clusters will be formed by 2030, serving to turn Vietnam into a strong marine country.
Business
Long An province seeks deeper economic ties with RoK
Vice Chairman of the People’s Committee of the Mekong Delta province of Long An Nguyen Van Ut has expressed determination to develop ties with agencies, organisations and businesses of the Republic of Korea (RoK) following his working trip to the Northeastern Asian country from April 22-26.
