Hai Phong Portal

 Tiếng Việt


 
Hai Phong’s FDI Attraction Reaches USD 4.7 Billion
In both 2021 and 2023, Hai Phong City exceeded its foreign investment targets four months ahead of schedule. Thanks to the determined well-structured and right approach and efforts, investment attraction continues to be one of the notable highlights for the city in 2024, with an expected total capital influx of 4.7 billion USD. Effective investment attraction means increased revenue for the state budget, more jobs, and improved income and living standards for residents, thereby fostering growth and economic-social development in the city.

 

The conference to grant investment registration certificates to projects in the Dinh Vu-Cat Hai Economic Zone and industrial parks in Hai Phong City in November 2024 was a particularly memorable event in the city’s history of investment attraction. This was the first time a local investment certificate granting ceremony was attended by the highest-ranking leader of the Communist Party of Vietnam. 12 prominent new and expanded investment projects in November 2024 in Hai Phong's industrial parks, with a total additional investment capital of 1.8 billion USD, were granted investment registration certificates in the presence of Mr. To Lam, General Secretary of the Communist Party of Vietnam.

The Ecovance Biodegradable Material Manufacturing Plant, with a total investment of 500 million USD, is being rapidly accelerated in progress in the Dinh Vu Industrial Park in Dinh Vu-Cat Hai Economic Zone. The manufacturing plant is under the investment of Ecovance Vietnam Co., Ltd., a member enterprise of the South Korean SK Group.  the plant is expected to supply biodegradable plastic materials and related raw materials to major global markets when it is completed in 2025.

Looking back at 2024, which saw significant political and economic changes worldwide, affecting investor capital flows, Hai Phong City remains a safe destination chosen by many top global corporations. The 4.7 billion USD attracted to Hai Phong in 2024 demonstrates the city's efforts and innovation in attracting high-quality capital and affirms the investors' confidence in the port city.

To date, Hai Phong City has attracted more than 32 billion USD in over 1,000 projects from 39 countries and territories. The city has achieved notable success in attracting FDI and has been consistently ranked among the country's top for many years. Hai Phong continues to place special emphasis on investment attraction. With determination, flexibility, creativity, and proactive efforts in both promoting investment and preparing favorable conditions for strategic investors, particularly in line with the city’s green and smart orientation, Hai Phong is strengthening investor confidence and turning every FDI dollar into a driving force for economic-social development and improving people’s lives./.

 

 

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Hai Phong Portal

Editor-in-chief: Chief of staff Tran Huy Kien

Head office: 18 Hoang Dieu, Hong Bang district, Hai Phong City