The Republic of Korea (RoK) ranks first among the 42 nations and territories pouring capital into the northern port city of Hai Phong, with 105 projects totaling 11 billion USD, according to the Hai Phong Economic Zone Authority.
Hai Phong's Trang Hue industrial park (Photo: VNA)
Hai Phong (VNA) – The Republic of Korea (RoK) ranks first among the 42nations and territories pouring capital into the northern port city of Hai Phong, with 105 projects totaling 11 billion USD, according to the Hai PhongEconomic Zone Authority.
A highlight in Hai Phong’s attraction for Korean investmentin the first 10 months of this year is that on June 26, municipalauthorities handed over a licence to LG Innotek Vietnam Hai Phong Co., Ltd. toadd 1 billion USD to its project in the city, raising its total investmentto over 2.05 billion USD.
On September 29, an investment registration certificate washanded over to Ecovance high-tech biodegradable material factory project worth 500million USD by SK – the second largest corporation in the RoK.
Secretary of the municipal Party Committee Le Tien Chauaffirmed that Hai Phong is committed to always accompanying and creating goodconditions for investors to implement their projects.
In the coming time, the city will continue to improve its business and investmentenvironment, and focus on developing infrastructure, especially regionallylinked transportation infrastructure projects, and concertedly implementsolutions to improve the efficiency of attracting high-quality workforce, andensure labour resources for investors when they implement projects here, Chauadded.
Head of the Hai Phong Economic Zone Authority (HEZA) LeTrung Kien said it will continue attracting investment in high and greentechnologies and in participating in the global production chain and applyingthe circular economic model./.
The northern port city of Hai Phong plans to develop a 20,000ha coastal economic zone (EZ) in its southern part, said the municipal EZ Management Board.
Hai Phong city's Economic Zone Management Board on September 22 granted investment registration and adjustment licences to projects with total investment of more than 1.3 billion USD in local industrial parks.
SKC Co. of the Republic of Korea (RoK) is planning to build a factory in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business.
The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.
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.
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.
Hai Phong's Trang Hue industrial park (Photo: VNA) 
