The Ministry of Construction has approved a 66 trillion VND (2.6 billion USD) plan to upgrade Hai Phong’s port system by 2030, boosting capacity at the north’s largest port hub.
The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.
As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.
The official launching of terminals marks Hai Phong Port’s regional leading ability in port operations and reaffirms Hai Phong Port JSC’s key role in the North. Once HTIT is fully operational, Hai Phong Port’s market share in container cargo in the region is expected to reach 40%, and 60% for non-container cargo in the Hai Phong area.
The launch of the Hateco Hai Phong International Container Terminal (HHIT) represents a significant milestone in Vietnam’s maritime development, boosting international trade and driving economic growth not only in the northern region but across the nation.
The northern localities of Bac Ninh, Ha Nam, and Hai Phong attracted substantial foreign investments in the first quarter of 2025, including those from world-leading economic conglomerates with advanced and environmentally-friendly technologies.
The comeback of Mini Thailand Week to Hai Phong after a three-year hiatus reflects Thai trade authorities' strong appreciation for Hai Phong city’s immense potential in trade and investment.
The 11-km Tan Vu-Hung Dao-Bui Vien section of Hai Phong's Ring Road No. 2 runs through Hai An, Duong Kinh and Kien An districts. It has a total investment of more than 7 trillion VND ( over 274.67 million USD).
Set to cover more than 1,000 ha of about 20,000 ha earmarked for the southern coastal economic zone, the free trade area is designed to follow successful models worldwide, aiming to create a favourable investment climate for multinational conglomerates.
Chief Financial Officer of Jeil Group Kim Eun-sook said the Jeil Logistics 1 project will provide a logistics warehouse, as well as a core infrastructure in the supply chain and distribution sector in Vietnam.
To reach targets, the Hai Phong Maritime Port Authority is promoting administrative procedure reform by applying a specialised software, creating the most favourable conditions for maritime enterprises while still ensuring the effectiveness and efficiency of State management in the Hai Phong seaport area.
The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.
The Southern Coastal Economic Zone of Hai Phong has officially come into being, expected to broaden the development space and growth momentum for the northern port city.
With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.
The Prime Minister has approved investment policy for infrastructure development at the Nam Trang Cat industrial zone in the northern port city of Hai Phong.
The northern port city of Hai Phong achieved a gross regional domestic product (GRDP) growth rate of over 11% last year, ranking third nationwide in terms of economic development.
The Hai Phong Economic Zone Authority (HEZA) is setting its sights high for 2025, aiming to attract 3-3.5 billion USD in foreign direct investment (FDI), according to its head Le Trung Kien.
The Tan Cang Hai Phong International Container Terminal (TC-HICT) in the northern city of Hai Phong welcomed its 1.5 millionth TEU (Twenty-foot Equivalent Unit) this year on December 27, from container ship CMA CGM MISSISSIPI.
The northern port city of Hai Phong disbursed about 13.5 trillion VND (531.6 million USD) of public investment capital in the first 11 months of this year, equal to 79.2% of the annual plan assigned by the Prime Minister and 64.2% of its own target, according to the Ministry of Finance.
The northern port city of Hai Phong has emerged as a leader in foreign direct investment (FDI) attraction, showcasing a robust portfolio of environmentally friendly projects.
