Attracting investment capital: Hai Phong's attractiveness

When deciding to invest in Hai Phong, leaders of Bridgestone Group (Japan) said that the position of the largest seaport in the North was one of the decisive factors. Immediately after the first factory went into operation, the Group realized this was a huge advantage and quickly decided to expand its scale, increasing the total investment capital to more than 1.2 billion USD. As for LGE Group, the decision to invest 1.5 billion USD in Hai Phong comes from many factors, including the fact that Trang Due Industrial Park is located in Dinh Vu - Cat Hai Economic Zone, meeting the requirements and expectations of the investor. This is a good start for billion-dollar projects in Hai Phong.

Workers at Gerbera Precision Factory (Japan) produce water meters at Trang Due Industrial Park.

With the efforts, efforts, and high determination of the city, and the great support and assistance of the Central Government, up to now, Hai Phong is proud to have a synchronous, modern, and outstanding infrastructure system. Many investors believe that, with a total investment cost of more than 4.1 billion USD,  projects such as Hai Phong International Gateway Port, Cat Bi International Airport, Tan Vu-Lach Huyen bridge, Hanoi-Hai Phong expressway along with Dinh Vu-Cat Hai Economic Zone are a great combination to help promote the potential market and 20 million workforce of the entire Northern region of Vietnam. Thus, Hai Phong's appeal has gone beyond the city to the regional level.

However, Hai Phong's attractiveness comes not only from key projects but also from the very high political determination of the entire apparatus in administrative reform, especially administrative procedures, and improving the investment environment. Most investors coming to Hai Phong now feel satisfied with the innovation in style, working style, taking efficiency as a measure... Site clearance work has progressed significantly, closely, closely and drastically directed, so it is implemented urgently, many projects are allocated land in just a few weeks. More importantly, Hai Phong has abundant human resources, eager to learn, and able to absorb new and modern things quickly, meeting the requirements of investors. Along with that is the policy  and the role of "the natural fire is bad."", more and more talented people are coming from different places, showing that Hai Phong is meeting all the conditions to attract investment capital.

Strong investment wave

450 projects with total capital attracting nearly 11 billion USD; In recent years, there has been a strong breakthrough in both quantity and quality, being a bright spot in the country in attracting FDI, in some years ranked 2nd and 3rd nationwide; There are many projects with large investment capital, creating high added value, advanced, modern, environmentally friendly technology, contributing positively to the city's socio-economic development, which are the most vivid proofs of Hai Phong's attractiveness to foreign businesses.

VSIP Industrial, Urban and Service Park (Thuy Nguyen) attracts a large number of domestic and foreign investors.

Currently, Hai Phong is having a strong investment wave from large domestic corporations and businesses with practical projects for the people and important contributions to the development of all aspects of the city. Vingroup, Him Lam, Xuan Truong, Bitexco... are pouring tens of thousands of billions of VND into Hai Phong with many large projects such as entertainment areas, housing and Vu Yen island ecological park; Vincom Le Thanh Tong commercial center; Vinmec Hospital, Cement Urban Area, Cai Trap Island Integrated Tourism Area; Hon Dau Island luxury tourist area... All these projects are being implemented urgently, ensuring progress, some have been completed in a short time such as Vincom Shopping Center. After completing these projects, Hai Phong has stronger resilience, greater position, is truly the center and driving force for development of the entire Northern Coastal region.

With the above investment, Hai Phong is becoming a land full of potential, continuing to be an attractive destination in 2016 and the years to come.

(Hai Phong Newspaper)