Hai Phong pledges optimal conditions for US investors
Hai Phong will create optimal conditions for US investors to explore its investment environment and seek partnership with local firms, pledged Standing Vice Chairman of northern port city's People’s Committee Le Anh Quan.
The US delegation visits some companies in Hai Phong (Photo: VNA)
Hai Phong (VNA) - Hai Phong will create optimal conditions for US investors to explore its investment environment and seek partnership with local firms, pledged Standing Vice Chairman of northern port city's People’s Committee Le Anh Quan.
Receiving a delegation from the US Embassy in Vietnam led by Ambassador Marc E. Knapper on March 1, Quan said he hopes the US ambassador will help bring more US investors and businesses to the city.
For his part, Knapper said that his delegation's visit aims to gain a deeper insight of the city's situation and seek cooperation opportunities.
The delegation also hopes to explore Hai Phong's methods to clinch second position among Vietnamese localities in provincial competitiveness index, thus making more US firms aware of the advantages of the city, the diplomat said.
This year, the US and Vietnam are celebrating the 10th anniversary of their comprehensive partnership, which is a chance for the two sides to elevate ties to a strategic partnership and strengthen cooperation, especially in education and people-to-people exchange, he said.
The same day, the US delegation had a working session with the Management Board of Hai Phong Economic Zone.
Ambassador Knapper showed his interest in the outstanding advantages of Hai Phong as well as its potential energy and human resources development.
Director of the Management Board of Hai Phong Economic Zone Le Trung Kien said that Hai Phong is among leading localities in foreign direct investment attraction, and a favourite investment destination of businesses from many countries such as the US, Japan, the Republic of Korea, and China.
Kien said he hopes the US ambassador will help increase investment promotion activities in Hai Phong to give more chances for businesses of both sides to foster their connections, while supporting Vietnamese firms to export more to the US and increase US investment in Hai Phong's industrial parks.
According to the board, as of March 1, Hai Phong is home to 16 US firms with total capital of 258.24 million USD.
US businesses are mostly operating in the fields of power generation and mechanical engineering. US-funded projects are employing 1,344 local labourers.
Last year, US firms enjoyed a total revenue of 283 million USD, paying 25.4 billion USD (over 1 million USD) to the State budget.
In 2022, Hai Phong's trade with the US market accounted for 2.5% of the city's total foreign trade, according to the board./.
Another batch of smuggled ivory was found at Lach Huyen international port in the northern city of Hai Phong on February 6, the second of its kind within seven days.
A business conference took place at the Japan-Hai Phong industrial park (previously called Nomura-Hai Phong) in the northern coastal city of Hai Phong on February 16.
The Red River Delta’s gross domestic product (GDP) is expected to expand by about 9% on average each year in the 2021-2030 period, according to a government resolution.
The northern port city of Hai Phong will strive to welcome 7.5 million visitors in 2023 by strengthening connectivity with domestic and foreign localities in developing tourism products to meet the demand from major markets.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
The US delegation visits some companies in Hai Phong (Photo: VNA) 
