Hai Phong (VNA) – With the philosophy that investors' success is its success🦩, Hai Phong has been fostering a favourable investment environment while also developing social and cultural elements that make the northern port city feel like home for foreign investors and experts.
Currently, Hai Phong hosts over 1,000 foreign direct investment (FDI) projects from investors across 40 countries and territories. The city is home to approximately 5,000 people from the RoK, along with residents from Japan, China, Belgium, the Netherlands, and other nations.
Bruno Jaspaert, CEO of the Deep C Industrial Zones, has spent over seven years living and working in Hai Phong. Despite being born and raised in Belgium, he proudly considers himself a local resident fully embracing life in the port city.
Driven by his affection, Jaspaert introduced the Belgian Culture and Culinary Festival (B.Fest) to Hai Phong, strengthening ties between Vietnam and Belgium. Meanwhile, Deep C, a pioneering industrial park embracing eco-friendly and sustainable development, has been actively contributing to the city’s economic and social progress.
At a meeting between leaders of Deep C Industrial Zone and Hai Phong’s officials. (Photo: VNA)
Other foreign investors also praise Hai Phong for its convenient transport, good healthcare and education services, and stable business environment, making it an ideal place to live and work.
Ogata Haruhisa, General Director of Kyocera Document Technology Vietnam Company Limited, based in the Vietnam Singapore Industrial Park (VSIP) in Thuy Nguyen district, highlighted the stable investment climate of Vietnam and Hai Phong. He also announced that Kyocera sees value in shifting its manufacturing operations to Vietnam.
According to Le Trung Kien, Head of the Hai Phong Economic Zone Authority (HEZA), the city is considering granting honorary citizenship to investors, allowing them to enjoy exclusive incentives. This initiative is currently being piloted for the Republic of Korea (RoK)’s SK Group experts, who already benefit from priority lanes at the city-based Cat Bi International Airport.
Since late 2024, FDI enterprises in Hai Phong’s industrial parks, who established their Party cells, have displayed plaques featuring the Vietnamese national flag, the Communist Party of Vietnam’s flag, and content on their commitment to national development and workers' rights.
Additionally, the HEZA, in collaboration with the municipal Military Command, has set up 23 self-defence teams within enterprises across local industrial and economic zones. These teams play a crucial role in ensuring security and order, reinforcing Hai Phong’s position as a model city for national defence and military cooperation.
Tran Kim Phuong, HR Director and Secretary of the Party Cell at Jasan Vietnam Co., Ltd. – a Hong Kong-invested company at VSIP Thuy Nguyen with 3,200 employees, underscored the importance of the in-house military command units. They help address security issues in real-time, reducing dependence on external law enforcement forces.
Last year, Hai Phong saw the establishment of the Vietnam-China and the Vietnam-RoK business clubs, aiming to strengthen cooperation between Vietnamese enterprises and their Chinese and Korean counterparts. According to recent figures, Chinese investors (excluding those from Taiwan and Hong Kong) currently operate 245 projects in the port city, generating an average annual export revenue of 3.85 billion USD. Meanwhile, the RoK ranks first in investment capital (14.1 billion USD) and second in project numbers (185 projects) among the 40 countries and territories investing Hai Phong./.
Chief Financial Officer of Jeil Group Kim Eun-sook said the Jeil Logistics 1 project will provide a logistics warehouse, as well as a core infrastructure in the supply chain and distribution sector in Vietnam.
According to the resolution, the construction of a modern and harmonious railway aims to meet the transport demand between Vietnam and China. The initiative is expected to serve as a catalyst for rapid and sustainable economic development along the Lao Cai-Hanoi-Hai Phong economic corridor while strengthening national defence and security and promoting the industrialisation and modernisation, contributing to delivering on the targets and missions set at the documents of the 13th National Party Congress and the Party’s resolutions.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
