Le Trung Kien, head of the Hai Phong Economic Zone Management Authority, announced this on 14/7. According to Mr. Kien, the investment registration certificates and memoranda of understanding will be awarded to 39 projects and investors at the "Hai Phong - Strategic Destination of the New Era" conference on the afternoon of 15/7. This event is part of the third APEC Business Advisory Council (ABAC 3) conference week.

The total committed capital from investors is approximately $15.6 billion. Nearly $10 billion of this will be focused on infrastructure development projects in key industrial zones such as Tan Trao, Ngu Phuc, Thuy Nguyen, Tran Duong - Hoa Binh, and component projects. These projects are expected to form modern, high-tech industrial complexes, creating tens of thousands of jobs and accelerating the city's urbanization process.

The seaport infrastructure sector is also experiencing a breakthrough with a nearly $1 billion investment project to build ports 9, 10, 11, and 12 at Lach Huyen, aiming to enhance customs clearance capacity and solidify Hai Phong's position as a leading logistics hub in the region.

In addition, about $5 billion is allocated for high-tech foreign direct investment (FDI) projects, notably the Shin-Etsu project, along with memoranda of understanding for transport and urban infrastructure development. This demonstrates Hai Phong's shift towards attracting high-quality and sustainable investment projects.

DEEP C Industrial Zone in Cat Hai Special Economic Zone, Hai Phong City. Photo: Le Tan

DEEP C Industrial Zone in Cat Hai Special Economic Zone, Hai Phong City. Photo: Le Tan

After merging with Hai Duong on 1/7, Hai Phong City expanded its area to over 3,500 km2 and its population reached over 4.6 million. The National Assembly also recently approved a series of special and outstanding mechanisms and policies for the city's continued development.

In 2024, Hai Phong's industrial and economic zones attracted $4.35 billion in FDI. Businesses in these zones recorded estimated revenue of $33.5 billion last year. They exported about $28.5 billion and imported $22.8 billion.

Currently, over 210,180 workers are employed in Hai Phong's industrial and economic zones, with an average income of over 11.5 million VND per person per month.

At the investment conference tomorrow, domestic and foreign investors will be introduced to Hai Phong's potential and advantages, particularly the plan to establish a free trade zone – a strategic competitive advantage expected to open up new development opportunities for the city.

Le Tan