Hai Phong targets at least 2.5 billion USD in FDI in 2021
The northern port city of Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreign direct investment (FDI) in 2021, according to head of the management board of Hai Phong’s economic zones Le Trung Kien.
Hai Phong targets at least 2.5 billion USD in FDI in 2021 - Illustrative image (Photo: VNA)
Hai Phong (VNA) – The northern port cityof Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreigndirect investment (FDI) in 2021, according to head of the management board ofHai Phong’s economic zones Le Trung Kien.
Accordingly, the municipal authorities will focus on luring FDI to industrialand service projects using modern and environmentally friendly technologies.
To that end, attention will be paid to promoting management and technicalinfrastructure development of industrial parks and clusters in the next five years.
Adjustments will be made to the master plan forthe construction ofthe Dinh Vu-Cat Hai Economic Zone,while more IPs will be established in accordance with the city’s action plan toattract investment to the three economic pillars of hi-tech industry, seaport-logistics,and tourism-commerce.
Hai Phong will pilot the transformation of two operating industrialparks into eco-industrial parks, and deploying the model of chain-linked industrialzones to enhance connection among enterprises operating in the IPs with those outside.
Local authorities are working hard to speed up land clearance for constructionof a number of industrial zones and Hai Phong international gateway port, aswell as promoting administrative reform to make it easier for operatingprojects in the city and those to be put into operation in the coming time.
Last year, industrial and economic zones in Hay Phong attracted nearly 1.53 billionUSD in FDI from 39 new FDI projects and 25 capital-added ones, up 21 percentcompared to the same period last year.
By December 31, 2020, these zones lured 400 FDI projects totaling nearly 16.25billion USD./.
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Hai Phong targets at least 2.5 billion USD in FDI in 2021 - Illustrative image (Photo: VNA) 
