Attracting more than 12 billion USD of investment into Hai Phong

Attracting more than 12 billion USD of investment in Hai Phong

Prime Minister assessed: Hai Phong has many innovations and reforms, especially in the environmentOpen and favorable investment so that “City and investors win together”. Photo: VGP/Quang Hieu

On the afternoon of September 19, Prime Minister Nguyen Xuan Phuc attended the City Investment Promotion Conference. Hai Phong 2016 with the theme "Hai Phong - Destination for investors" with the participation of nearly 200 domestic and foreign businesses and investors.

This is the largest investment promotion conference ever in the Port City.

Speaking at the conference, the Prime Minister welcomed Hai Phong's special achievements in attracting investment. Accordingly, from the beginning of 2016 to September 12, the total FDI attraction throughout Hai Phong city reached more than 2.7 billion USD, more than 5 times higher than the same period in 2015; become the leading locality in the country. The city has called for many large domestic and foreign businesses and investors to invest, produce and do business in the area.

With the above achievements, according to the Prime Minister, Hai Phong has many innovations and reforms, especially an open and favorable investment environment so that "the City and the investors win together".

The Prime Minister also praised the City for moving from a brown economy to a green economy, moving shipbuilding and cement factories out of the city center to better protect the living environment for people.

The Prime Minister welcomed and appreciated the interest of domestic and foreign investors who have invested in Vietnam as well as the City. Hai Phong has many projects in the fields of tourism, services, production, and business, and hopefully after this investment promotion conference, Hai Phong will have new socio-economic progress.

Prime Minister Nguyen Xuan Phuc meets foreign investors – Photo: VGP/Quang Hieu

Raising the issue of how to deal with investors, the Prime Minister affirmed his determination to build a Government of integrity, create development, and act decisively to serve people and businesses. The Government will continue efforts to stabilize the macroeconomy, control inflation and maintain economic growth, ensure political security, social order and safety; continue to create a more favorable business and investment environment so that investors and businesses can feel secure in doing business in Vietnam for a long time.

“We will do our best to protect the legitimate rights of investors and all citizens,” the Prime Minister emphasized and said that the Government will continue to pay attention to promoting human resource training, including managers and skilled workers. At the same time, the Prime Minister affirmed that investors have the right to bring foreign managers and skilled workers to work in positions in their investment projects when they cannot find Vietnamese workers for that position.

The Prime Minister stated clearly that the Government and city authorities. Hai Phong considers investors' victories as its own victories, investors' failures as its worries and failures.

“The Government wants investors to pay more attention to environmental protection for sustainable development in addition to economic development,” the Prime Minister said and wants investors to use modern, environmentally friendly technology and equipment, preserving and protecting traditional local culture.

"On this occasion, I recommend that investors, both domestic and foreign, must combine their words with actions. We cannot let the situation of signing and awarding licenses be very grand but when implementing, there will be delays or not doing anything at all," the Prime Minister expressed.

Prime Minister Nguyen Xuan Phuc witnessed the signing ceremony of investment cooperation memoranda and credit contracts with a total value of 12.8 billion USD – Photo: VGP/Quang Hieu

At the conference, City leaders committed to investors to drastically and effectively implement the Prime Minister's instructions throughout the City, ensuring to create a fundamental change in the thinking, awareness and actions of City officials and party members in carrying out their responsibilities and tasks.

TP. Hai Phong also commits to working with investors to strongly improve the investment and business environment in a more favorable and attractive direction so that investors can come to Hai Phong fastest, most conveniently, receive the best service and bring the highest investment efficiency.

The City People's Committee has announced the Decision to establish the Investment, Trade and Tourism Promotion Center with the hope that this will be a bridge between the City government and businesses. The City People's Committee and the Vietnam Chamber of Commerce and Industry (VCCI) signed a commitment to create a favorable business environment for businesses.

Prime Minister Nguyen Xuan Phuc attended the opening ceremony of the City Investment, Trade and Tourism Promotion Center. Hai Phong – Photo: VGP/Quang Hieu

Also at the conference, a ceremony to award investment license certificates and sign investment cooperation memoranda and credit contracts with a total value of 12.8 billion USD, including 6.6 billion USD from foreign investors and 129,978 billion VND (equivalent to 6.2 billion USD) from domestic investors.

On this occasion, the Prime Minister attended the opening ceremony of Vietjet Air's international flights to and from Cat Bi airport, Hai Phong.

Duc Tuan