In early August, a city delegation led by the Secretary of the Municipal Party Committee Le Tien Chau visited, worked and promoted investment in China.
According to Secretary of the Municipal Party Committee Le Tien Chau, this is the first time Hai Phong has organised an investment promotion conference in China, to concretise the policies of the two countries' senior leaders and move towards the milestone of the 75th founding anniversary of China-Vietnam diplomatic relations (January 18, 1950 - January 18, 2025).
The programme aims to help businesses and investors in China better understand the investment environment of Hai Phong City, especially the policies to encourage and attract investment in the fields of processing, manufacturing, chip and semiconductor production, electromechanics, electronics, high-tech manufacturing, and green manufacturing.
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Hai Phong City leaders visit and introduce investment opportunities in the city at ZTE Technology Group (China). (Photo: haiphong.gov.vn) |
Also, within the framework of the working visit to China, the delegation of Hai Phong City leaders visited and introduced the potential, advantages, and preferential policies on investment to large Chinese technology corporations with global influence, such as ZTE and TCL. The delegation expressed their wish to strengthen cooperation and investment in building Hai Phong into a smart city, with sustainable development.
According to the Permanent Vice Chairman of the Municipal People's Committee Le Anh Quan, Hai Phong's consistent view is to create favourable conditions and maximum support for FDI enterprises, including Chinese enterprises to invest with the motto "The success of enterprises is also the success of Hai Phong City".
Hai Phong's consistent view is to create favourable conditions and maximum support for FDI enterprises, including Chinese enterprises to invest with the motto "The success of enterprises is also the success of Hai Phong City".
Le Anh Quan,
Permanent Vice Chairman of the Municipal People's Committee
In particular, Hai Phong City prioritises attracting investment in key economic sectors, projects with high technology, environmental friendliness, commitment to technology transfer, ability to spread, and linkage with domestic enterprises.
Permanent Vice Chairman of the Municipal People's Committee Le Anh Quan said that in nearly 20 years of economic corridor cooperation between the five provinces and cities of Hanoi, Hai Phong, Quang Ninh, Lao Cai (Vietnam) and Yunnan (China), the mechanism has affirmed its effectiveness in promoting cooperation between member provinces in friendly exchange, traffic connection, trade, tourism, culture and arts.
The economic corridor cooperation mechanism is increasingly deepening and constantly being improved, promoting a friendly and cooperative relationship between the two countries.
From 2020 to 2023, Hai Phong City attracted more than 10 billion USD of FDI capital into economic zones and industrial parks, reaching 88.8% of the target for the 2020-2025 term as set by the Resolution of the 16th Hai Phong City Party Congress.
The result has increased the number of valid FDI projects in Hai Phong City to 975, with a total investment capital of 30.65 billion USD.
Le Anh Quan said, that in recent years, Hai Phong has always been one of the localities with the highest growth rate and is also a bright spot in FDI capital attraction, with a top position in the country.
With advantages in geographical location, synchronous infrastructure system, convenient transportation system connecting inter-provincial, inter-regional and international, with the largest seaport system in the northern region of Vietnam, along with a logistics infrastructure system with high connectivity between five modes of transport: road, rail, inland waterway, sea and air, Hai Phong city has become an attractive and successful destination for large corporations, domestic and foreign enterprises, including many enterprises from China.
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Production at a factory of a Chinese enterprise in VSIP Hai Phong Industrial Park. |
Hai Phong City also strives to improve the investment and business environment, creating favourable conditions and attractiveness for investors by always maintaining the third position in the country in the ranking of the Provincial Competitiveness Index (PCI), the 2nd position on the Public Administration Reform Index (PAR Index), along with preferential policies for investors and strongly innovating investment promotion activities.
The investment promotion conferences have brought about efficiency, with many memorandums of understanding on cooperation between the Hai Phong Economic Zone Management Board and Chinese enterprises, as well as enterprises operating industrial park infrastructure in Hai Phong.
In particular, in Shenzhen, the delegation attended an investment promotion conference, in which the city’s authorities granted seven investment registration certificates, with a total registered capital of nearly 200 million USD and exchanged four Memorandums of Understanding (MoUs) in cooperation with Chinese partners.
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Investment certificates granted to Chinese enterprises in Hai Phong DEEP-C Industrial Park. (Photo: haiphong.gov.vn) |
Immediately after the city leaders' investment promotion conference in China, a delegation of Chinese enterprises came to Hai Phong to learn about the opportunities for investment in manufacturing machinery and equipment for wind power and renewable energy development.
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Chinese enterprises learn about investment opportunities in manufacturing for wind power and renewable energy in Hai Phong. |
According to Deputy Director of Hai Phong Economic Zone Management Board Bui Ngoc Hai, along with Hai Phong's potential and advantages for investment and development, the city has many preferential investment policies for FDI enterprises in general and Chinese enterprises in particular, especially the fastest administrative procedures and free human resource training.
On the other hand, the city is urgently building an ecological economic zone, linked to the circular economy of the southern coastal area of the city on an area of 20,000 hectares, with a favourable location associated with the advantages of airports, seaports and plans to establish many new industrial zones, attracting large investors, including investors from China in the fields of infrastructure, industry, seaports, logistics, electronics and high technology.
