Attracting FDI capital: Fast growth and breakthrough In recent years, Hai Phong has become one of the localities with a breakthrough in revenue [...]
In recent years, Hai Phong has become one of the localities with a breakthrough in attracting FDI capital,among the top in the country. Not only that, the quality of FDI projects has also changed clearly. FDI capital continues to play an important role, being one of the main driving forces promoting the city's socio-economic development. Three years is equal to decades
In 3 years (2011- 2014), Hai Phong had 124 newly granted FDI projects with registered capital of 4.1 billion USD and 91 projects with increased capital with a total capital increase of 1.24 billion USD. Thus, in 3 years, the total FDI capital in Hai Phong was 5.4 billion USD, accounting for nearly 55% of the total registered FDI capital attracted in the past 25 years.
These are very encouraging numbers. But what is most worth mentioning is the quality of the projects. If in the past, FDI projects were mainly in the fields of industrial park infrastructure, producing products using large raw materials and minerals, projects producing traditional products such as leather shoes, garments, plastic, steel..., now there are many investment projects in the fields of processing and manufacturing industries, with high technology (electronic equipment and details and components in the electrical, electronic, mechanical industry, refining of rare earth products, alloys). rare earths such as permanent magnet powder...).
In particular, the fields of electricity, electronics, supporting industries, and high-end services that the city focuses on attracting are prominent, specifically LGE with a $1.5 billion project in Trang Due Industrial Park, leading to dozens of other satellite FDI projects, making the entire industrial park more vibrant and this is also an important basis for the Prime Minister to decide to allow the expansion of the industrial park by an additional 600 hectares. Another billion-dollar project is the Bridgestone Tire Factory in Dinh Vu Industrial Park. In addition, there are many other high-tech projects such as Nipro Pharma high-standard drug factory; Fuji Xerox produces printers and photocopiers...
In the field of infrastructure construction, the city also attracts investors with economic potential and rich experience. Although the logistics field is very new, there are also 2 Singaporean investors. Along with that, in the field of real estate business, there are many more large investors coming to learn about and promote investment such as Daiwa House, Fujita, Sujitsu, Minato, Chyoda, Chuo, Hilton (Japan and America...). Among them, 3 investors have been granted investment certificates to implement projects on general commercial centers, residential areas in Lach Tray Riverfront Urban Area and 5-star hotel projects... Currently, Japan is the leading country in investing in Hai Phong. Next are Korea, European countries, America, China...
Good land invites investment
Achieving the above breakthrough is the result of an elaborate and methodical preparation process by the city, so that Hai Phong can truly become an attractive destination for investors. Many international delegations and investors coming to Hai Phong highly appreciate the city's prime position in the Northern key economic region. But to promote that position, a lot of work is needed. By taking steady steps and taking advantage of the support of the Central Government, Hai Phong has created a modern, synchronous and outstanding infrastructure. Hai Phong international gateway port, Cat Bi international airport, Hanoi-Hai Phong expressway, Tan Vu-Lach Huyen bridge and highway and many other projects, especially the economic zone and industrial zone system are approved.Synchronous planning, readiness for all conditions with many preferential mechanisms that investors pay special attention to is an important basis for them to decide to choose Hai Phong for investment.
However, the important and decisive factor is still the political determination, the determination to reform the administration and apparatus, change the awareness and thinking of the staff, be ready for the common task, and invite investment to be directed and implemented diligently by the city. From city leaders to departments, branches, localities, and units, everyone can become advocates and persuade investors. Along with that is innovation in investment promotion with many information channels, many different forms, with focus and emphasis. Issues related to investment decisions such as supply, electricity, water, environmental sanitation, site clearance... are also given special attention by the city, truly satisfying investors. Furthermore, every investor who comes to HuhThe Chamber clearly realizes that here they are increasing profits, being given all favorable conditions and thereby attracting many other investors.
From that result, the city clearly determined that attracting FDI is still one of the main driving forces to promote the city's socio-economic development in the coming years. From there, prepare well and fully meet the conditions of infrastructure, living conditions, simplify administrative procedures, improve the quality of human resources in all aspects, both in professional expertise and foreign languages to be able to do high-income jobs, take on high-quality human resource management positions of FDI projects. At the same time, continue to innovate investment promotion, build trust and image of the city, aggressively and proactively seek out investors, determined to create a major breakthrough in attracting FDI in the coming years.
Source: Hai Phong City Electronic Information Portal
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