HMT Hai Phong New Material Technology Co., Ltd. is a 100% foreign-invested FDI enterprise that was established in August 2018 with total investment capital of around 87 million USD. The company operates in the field of manufacturing and manufacturing, specialising in the production of passive safety components for automobiles, with the main product being safety airbags.
In August 2023, the company officially signed a long-term land lease in An Duong Industrial Park (Trang Due, Hai Phong) to build a factory on an area of over 54,000m², of which the construction area spans over 32,000m².
To date, the project has been completed and officially put into operation with an expected capacity of 30.2 million sets of airbags per year; the output of various types of airbag fabrics reaches 12.5 million metres per year. The factory needs to recruit about 2,000 workers.
Speaking at the ceremony, Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, highly appreciated HMT’s rapid and effective investment progress, and expressed his hope that there will be more FDI enterprises operating actively like HMT to contribute to the city’s development.
Over the past 10 years, Hai Phong has always maintained a double-digit GDP growth rate. This year alone, the government has assigned the city a growth target of 12.5%, and the participation of large-scale projects like HMT will be a great driving force to help complete the task.
