Hai Phong has become one of the localities with a strong breakthrough in attracting FDI "From September 2011 to the end of October 2014, Hai Phong has [...]
“From September 2011 to the end of October 2014, Hai Phong has attracted 124 level FDI projects new and 91 FDI projects with increased capitalwith the total new and increased capital attraction reaching more than 5.402 billion USD. The work of attracting foreign direct investment in the city has had positive changes, achieving breakthrough results, in accordance with the orientation of attracting foreign direct investment of the city and the country."
This is information given at the Preliminary Conference on the implementation of Directive No. 26/CT-UBND dated September 12, 2011 of the Chairman of the City People's Committee after 3 years of attracting foreign direct investment (FDI), on the morning of December 2 at the City Convention Center. Comrade Duong Anh Dien, Secretary of the City Party Committee, Chairman of the City People's Committee chaired the conference. Also attending were Standing Vice Chairman of the City People's Committee Dan Duc Hiep; Vice Chairman of the City People's Committee Le Thanh Son; Representatives of leaders of departments, branches, localities, industrial zones and clusters, some typical FDI enterprises in the city...
It can be said that during the 3-year period (2011 - 2014) of implementing the Directive, Hai Phong has become one of the localities with a strong breakthrough in attracting FDI, leading the country, with total investment accounting for nearly 55% of the total registered FDI capital attracted within 25 years. The majority of FDI projects in this period are highly appreciated for their scale and quality, focusing mainly on the fields of processing industry, manufacturing with high technology, services, and trade. Some important industrial production projects of large, reputable corporations in Japan and Korea such as: Bridgestone Rubber Tire Factory Investment Project with an investment capital of 574.8 million USD; High standard drug project Nipro Pharma Corporation with investment capital of 250 million USD; Fuji Xerox's project to produce printers, photocopiers and multi-function machines with an investment capital of 119 million USD; Project of manufacturing and assembling high-tech electronic products of LG Electronic Vietnam Co., Ltd. - Hai Phong with a total investment of 1.5 billion USD...
Hai Phong has also successfully attracted foreign investors with economic potential and experience in investment, construction and operation management of industrial parks. Notably, in parallel with the interest of Japanese investors in the fields of production and trade. In the period from 2011 - 2014, there were a number of Japanese and American investors coming to Hai Phong to explore investment opportunities to build high-end commercial housing, hotels and shopping centers, golf courses such as: Daiwa House, Fujita, Sujitsu, Minato, Chyoda, Hilton (USA)... In particular, the 5-star hotel construction project in cooperation with Hilton Group (USA) is expected to start construction in the first quarter of 2015.
In the coming time, continue to determine that FDI capital plays an important role in promoting economic restructuring, innovating the growth model towards developing a Green Port city, and sustainable development in accordance with Conclusion No. 72 of the Politburo. Hai Phong continues to implement four major groups of solutions to improve the efficiency of attracting FDI investment with quality projects, advanced technology, modernity, and environmental friendliness... especially at a time when trade and investment barriers are gradually being removed.
Speaking at the conference, Mr. Duong Anh Dien, Secretary of the City Party Committee and Chairman of the City People's Committee, requested to raise awareness about the role of FDI capital, clearly identifying that this is still one of the main driving forces to promote the city's socio-economic development in the coming years. It is necessary to strengthen investment promotion with many diverse methods; continue administrative reform, improve the investment environment, accelerate key infrastructure projects and industrial park infrastructure; Strengthen management, guidance and supervision of businesses operating according to legal regulations and environmental protection; focus on training quality on-the-spot human resources to provide for FDI investment projects... He also requested that industries and all levels must be drastic and proactive in finding solutions.To investors, determined to create a major breakthrough in attracting FDI in the coming time.
On this occasion, 13 units with outstanding achievements received Certificates of Merit from the City People's Committee.
Procedures
