Hai Phong becomes increasingly attractive to domestic, foreign investors
The northern port city of Hai Phong has become more attractive in the eyes of both domestic and foreign investors thanks to its concerted and modern development of socio-economic fields, transport and urban infrastructure, fair business and investment environment.
Lach Huyen international port in Hai Phong (Photo: VNA)
Hai Phong (VNA) - The northern port city of Hai Phong has become more attractive in the eyes of both domestic and foreign investors thanks to its concerted and modern development of socio-economic fields, transport and urban infrastructure, fair business and investment environment.
Vingroup has invested in multi-field projects in Hai Phong, including the VinFast automobile manufacturing factory at Dinh Vu Industrial Park, which officially entered the mass production phase.
Meanwhile, Sun Group has built Cat Hai – Phu Long cable car in Cat Hai island district. After this, new projects of Sun Group are hoped to help form a world-class entertainment and resort ecosystem in Cat Ba, turning the island into a leading tourist paradise in Vietnam and the world.
Flamingo Group also developed a super complex of Flamingo Cat Ba Beach Resort in Lan Ha Bay of Cat Hai island which was voted the most beautiful bay in the world.
Hai Phong's advantages and potential, and flexible policies on investment attraction have helped the city lure more and more foreign investors, including those from the Republic of Korea (RoK) and Taiwan (China).
According to Secretary of the municipal Party Committee Tran Luu Quang, the RoK is the leading investor in both capital and number of projects. Up to 10 billion USD out of a total of 80 billion USD the RoK investing in Vietnam was poured into Hai Phong.
The city now counts 14 industrial parks (IP). As scheduled, the Trang Due 3 IP will be put into operation in the fourth quarter of this year. Local authorities have planned to develop 15 new IPs by 2025.
As of late last month, Hai Phong attracted 1.23 trillion VND in foreign direct investment (FDI), equivalent to 50.12% of the set plan.
Chairman of the municipal People’s Committee Nguyen Van Tung pledged to maximise its support for investors, businesses and partners to survey and deploy investment cooperation activities in the city, focusing on the processing industry, manufacturing, electric-electronic industry, logistics services, infrastructure and urban development.
ꦅ Hai Phong wishes to strengthen comprehensive cooperation with partners in building smart cities, e-government, education, health care, human resources development, among others, he said./.
The Port of Hai Phong JSC has announced that it will offer free storage for containers at ports under its management and operation in the northern city of Hai Phong during the National Day holiday from September 1 to 4.
The traditional Do Son buffalo fighting festival took place in the northern port city of Hai Phong’s Do Son district on September 4 after a two-year hiatus due to the COVID-19 pandemic.
The northern port city of Hai Phong is looking to take advantage of the Fourth Industrial Revolution (Industry 4.0) to create a breakthrough for tourism.
More than 60 Japanese and Vietnamese enterprises based in the northern port city of Hai Phong and neighbouring localities attended a technology networking event hosted by Hai Phong’s Department of Science and Technology on September 13.
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.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Lach Huyen international port in Hai Phong (Photo: VNA) 
