10/10/2024
Confidence In City’s Businesses Increased
Since 2021, Hai Phong City and the country have witnessed many challenges such as the COVID-19 pandemic, global supply chain disruptions, and strategic competition between major countries. In that context, Hai Phong has always maintained its FDI capital flows, showing the investors’ confidence in the port city.

In the first eight months of 2024, the total foreign investment capital attracted in Hai Phong City is estimated at about 1.7 billion USD, reaching over 85% of the year’s plan. Of which, 75 new projects were granted with registered investment capital of more than 423 million USD; 50 projects were adjusted to increase capital with an additional investment capital of more than 857 million USD; attraction through capital contribution, share purchase, capital contribution with registered capital of more than 420 million USD.
From 2019 to 2023, the city's FDI investment capital remained high, becoming crucial to Haiphong’s economic development. The FDI capital has increased gradually over the years and continuously since 2022, accounting for over 50% of the city’s total development investment capital. FDI projects contribute to creating many jobs and improving the lives of local people, creating nearly 246 thousand jobs in 2023. The FDI sector also actively contributes to promoting economic restructure transfer; strongly developing and modernizing the maritime economy, logistics, and seaports, as well as accompanying social security.
The close accompaniment and continuous efforts of the entire political system, departments, branches, localities, and units in improving the investment and business environment following the direction of Hai Phong City Party Secretary "The success of investors is the success of Hai Phong City" is the foundation for increasing businesses’ strategic confidence to help Hai Phong continue to be a reliable and successful destination for high-quality investment capital, take lead in industrialization and modernization cause in accordance with Resolution 45./.
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