Hai Phong hands over investment certificates to 12 FDI projects
The northern port city of Hai Phong presented investment certificates to 12 major foreign direct investment (FDI) projects worth 1.8 billion USD at a ceremony on November 14.
General Secretary of the Communist Party of Vietnam Central Committee To Lam (centre, front row) attends the ceremony on November 14 to hand over investment certificates to 12 major FDI projects in Hai Phong city. (Photo: VNA)
Hai Phong (VNA) - The northern port city of Hai Phong presented investment certificates to 12 major foreign direct investment (FDI) projects worth 1.8 billion USD at a ceremony on November 14.
The event was attended by General Secretary of the Communist Party of Vietnam Central Committee To Lam and representatives from ministries, sectors, local administration and businesses.
The newly licensed projects, comprising both new ventures and expansions of existing facilities in the city's economic and industrial zones, are projected to create some 17,000 jobs in the coming time.
Around 3.5 billion USD in FDI capital was funneled into the city in the January – November period, or 140% of the annual plan.
Hai Phong has maintained strong socio-economic growth in recent years, with an average annual gross regional domestic product (GRDP) expansion of over 11%.
To date, the city has attracted 1,000 FDI projects worth 32.2 billion USD from 40 countries and territories and 228 domestic investment projects valued at 13.7 billion USD, most of which are invested in the manufacturing and processing industries.
Of the total FDI capital, 26.2 billion USD has been channeled to the Dinh Vu - Cat Hai Economic Zone, which has recorded a high occupancy rate of 70%.
🎃 Over the recent past, major international corporations, including LG Group, SK Group, and VinFast automaker, have set up operations in Hai Phong, further integrating the city into global value chains./.
The northern city of Hai Phong recorded a year-on-year rise of 15.01% in the index of industrial production (IIP) during the first seven months of 2024, a fast pace compared to some other localities, statistics show.
The city’s strategic direction, the involvement of relevant units, and the pioneering efforts of businesses are key factors driving companies in the northern port city of Hai Phong towards green and sustainable development.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
