The northern port city of Hai Phong has been a foreign investment magnet, hosting 967 foreign direct investment (FDI) projects underway worth US$30.65 billion.
At a recent investment promotion conference in China’s Shenzhen city, Hai Phong granted investment licenses to seven investors with a combined investment of nearly $200 million, along with four memoranda of understanding on cooperation.
Hai Phong is one of the three major cities of Vietnam and an economic hub of the northern region with a high socio-economic growth rate. In the first half of 2024, the city received $1.5 billion of FDI.
Hai Phong has diverse types of road, sea, rail, waterway and air transport, and owns a long-lasting industrial sector. Its Dinh Vu – Cat Hai has been the most successful economic zone in Vietnam.
Currently, Hai Phong is establishing a 20,000-hectare Southern Coastal Economic Zone in a green and ecological direction, bringing advantages to investors and life quality.
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