Hai Phong expands industrial parks to draw more FDI
The northern port city of Hai Phong is rolling out measures to make breakthroughs in the development of economic zones (EZ) and industrial parks (IP) to attract more foreign direct investment (FDI).
Le Trung Kien (fourth, left), Head of the Hai Phong Economic Zone Authority, visits and present gifts to businesses in local IPs on February 5. (Photo: VNA)
Hai Phong (VNA) - The northern port city of HaiPhong is rolling out measures to make breakthroughs in the development ofeconomic zones (EZ) and industrial parks (IP) to attract more foreign directinvestment (FDI).
The city plans to build 15 more IPs with a total areaof over 6,200 hectares. To date, the construction of two has been approved by thePrime Minister, covering nearly 1,200 hectares.
Alongside, as the city aims to develop sustainably, it is switching traditional IPs into ecological IPs at DEEP C IP and Nam CauKien IP, heading to the circular economy model, thus saving resources, reducingcosts and protecting the public health and the environment.
Hai Phong has also built a project to adjust the general planningof the Dinh Vu-Cat Hai EZ until 2040 with a vision to 2050. The city also aimsto construct an EZ in the south of the city, which is expected to take shape in 2025 with an area of 20,000 hectares.
So far, the city has had 14 IPs with an average occupationrate of 63.25%.
Le Trung Kien, head of the Hai Phong Economic Zone Authority, said that last year, the city drew 3.5 billion USD of FDI, raising the total in the city to 26.5 billion USD, with priority to projects with high and environmentallyfriendly technologies./.
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Le Trung Kien (fourth, left), Head of the Hai Phong Economic Zone Authority, visits and present gifts to businesses in local IPs on February 5. (Photo: VNA) 
