Various investment promotion activities have been organised recently by authorities of Hai Phong to popularise the northern city as a dynamic and potential destination for investors.
Part of the Vietnam - Singapore Industrial Park (VSIP) residential area in Hai Phong city (Photo: VNA)
Hai Phong (VNA) – Various investment promotion activities have been organised recently by authoritiesof Hai Phong to popularise the northern city as a dynamic and potentialdestination for investors.
In August, a delegation of Hai Phong officialsled by Chairman of the municipal People’s Committee Nguyen Van Tung came to theRepublic of Korea (RoK) to do the work on the city’s potential, advantages, alongwith investment opportunities and policies. They also fielded Korean businesses’questions about the local investment climate.
The Hai Phong administration alsotook this occasion to grant investment registration certificates to some Koreanprojects, including a logistics centre worth 98 million USD, an 18.5 million-USDproject of the Posco Vietnam Processing Centre Co. Ltd, and the addition ofover 35 million USD to the KREMS project.
Earlier, the committee had held a conference to boost investment attraction and connect Vietnameseand Korean enterprises.
Le Trung Kien, head of the Hai PhongEconomic Zone Authority (HEZA), said it has organised numerous investmentpromotion events both at home and abroad since the beginning of 2022 to attractmore foreign investment.
Lach Huyen port in Hai Phong city (Photo: VNA)
The city has always been among thetop destinations for foreign direct investment (FDI) in Vietnam. It iscurrently home to 827 valid FDI projects worth nearly 24 billion USD from 42countries and territories. Up to 444 of those projects, with registered capitaltotalling about 22 billion USD, are invested in economic and industrial zones.
The RoK is the leading investor herein terms of both the project number and value - over 170 projects worth about10 billion USD, equivalent to 41% of the total FDI.
KeisukeKoshijima, Executive Vice President and General Manager for Overseas OperationsDivision at Japan’s Kajima Corp., said Hai Phong has comprehensively developedinfrastructure and become an important link in the global logistics chain.
It has attracted many large-scalemanufacturers, including LG and Pegatron, he noted, adding that his firmbelieves the city is an attractive investment destination and an ideal placefor starting its first project.
Le Anh Quan, Vice Chairman of thePeople’s Committee, said Hai Phong has become a trustworthy and attractivedestination for domestic and foreign investors in recent years. It alwaystreasures the cooperation and pledges unceasing efforts to create an optimaland fair business environment for foreign investors./.
For the last half of 2022, Hai Phong city will apply itself to flexibly and effectively fighting COVID-19 and shoring up business and investment activities so as to attract more foreign direct investment (FDI), a local official has said.
The Hai Phong Economic Zone Authority (HEZA) on August 10 organised an investment promotion with supporting supporting businesses of the Republic of Korea’s multinational conglomerate corporation LG.
Hai Phong administration remains committed to creating a favourable and fair environment for foreign investors, including those from the Republic of Korea, an official of the northern port city said on August 16.
Indochina Kajima Development Company, a joint venture between Vietnam's Indochina Capital and Japan’s Kajima Corporation, on August 19 began the construction of Core5 Hai Phong at the Deep C2 Industrial Zone in the northern port city of Hai Phong.
The People’s Committee of Hai Phong city and the Korea Chamber of Commerce and Industry (KCCI) jointly organised a conference on investment promotion with the Republic of Korea (RoK)’s enterprises and another with supporting firms of LG Group in Seoul capital and Gyonggi province on August 23-24.
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Part of the Vietnam - Singapore Industrial Park (VSIP) residential area in Hai Phong city (Photo: VNA) 
Lach Huyen port in Hai Phong city (Photo: VNA) 
