Haiphong attracts $15.6 billion in investment
Haiphong attracts $15.6 billion in investment
Haiphong has reaffirmed its position as a magnet for investment and a strategic economic hub, drawing over $15.6 billion in registered capital at the 2025 Investment Promotion Conference held on July 15 under the theme "Haiphong - A Strategic Gateway to the New Era".
The landmark event took place as part of the 3rd APEC Business Advisory Council (ABAC 3) Week from July 15-18, attracting more than 1,000 delegates, including senior leaders from the Party, the government, central ministries, and Haiphong itself.
Among them were around 250 international participants and ABAC representatives from 21 Asia-Pacific economies, along with top executives from multinational corporations, financial institutions, innovation centres, and international organisations.
Notably, ambassadors from leading economies such as the United States, Germany, South Korea, Singapore, and Japan attended the event, a clear sign of robust international support and growing investor confidence in Haiphong’s strategic potential.
Le Tien Chau, Secretary of Haiphong Party Committee, giving opening remarks at the event |
In his opening address, Le Tien Chau, Secretary of Haiphong Party Committee, emphasised the city’s ambitious vision.
“The theme of this conference is not just a slogan, but a reflection of our consistent strategic action. Haiphong is developing on the pillars of science and technology, innovation, digital transformation, green transition, and inclusive growth, ensuring that no one is left behind,” Chau said.
He underscored the city’s determination to become a leading international seaport and a regional centre for economy, culture, education, and science-technology.
“Today’s conference embodies the spirit of cooperation, innovation, and action, a convergence of great ideas, firm commitments, and breakthrough opportunities,” he noted.
Nguyen Van Thang, Minister of Finance, presents important orientations regarding the investment environment of Haiphong and the country |
Delivering remarks at the conference, Minister of Finance Nguyen Van Thang commended Haiphong for being the first locality to organise such a large-scale investment promotion event following the country’s recent administrative restructuring.
He stressed that the conference holds special significance amid Vietnam’s ongoing efforts to mobilise resources and elevate economic development quality.
“The Ministry of Finance will closely coordinate with Haiphong to drive sustainable development under four key policy directions,” Minister Thang said.
First, it will ensure the prompt and effective implementation of special mechanisms and policies for Haiphong as authorised by the National Assembly in Resolution No. 226/2025/QH15, dated June 27, 2025.
Second, it will support the rapid development of the Southern Haiphong Coastal Economic Zone, approved on December 4, 2024.
Third, the MoF will facilitate the piloting of the Haiphong Free Trade Zone with breakthrough policies, creating a model for broader application as part of the ongoing drafting of the Law on Industrial and Economic Zones.
Finally, it will assist in regional planning and connectivity, linking Haiphong with newly restructured provinces and key economic corridors like the Hanoi-Quang Ninh-Haiphong triangle, thus positioning the city as a global trade and logistics gateway.
A pivotal moment at the conference was the official announcement and presentation of Resolution No. 226/2025/QH15 by the National Assembly. This resolution lays a new institutional foundation for Haiphong’s development, paving the way for the city to become a major growth pole in the Red River Delta region.
Haiphong awarded investment certificates to 32 projects and seven MoUs valued at more than $15.6 billion |
The event also saw the awarding of investment registration certificates for 32 projects, including 15 domestic and 17 foreign-invested ventures, and the signing of seven memoranda of understanding (MoUs), all totalling more than $15.6 billion in committed capital.
These projects span key sectors such as industrial park infrastructure, seaport-logistics, energy, high-tech manufacturing, and urban development.
Among the most prominent initiatives are industrial park developments in Tan Trao, Ngu Phuc, Binh Giang, Tran Duong–Hoa Binh (Zone A), Kim Thanh 2 (Phase 1), Hoang Dieu, Thuy Nguyen, and the Tien Lang Airport (Zone B).
Additionally, the construction of berths 9-12 at Lach Huyen Deepwater Port in Cat Hai Special Zone, an investment of nearly $1 billion, is set to boost cargo clearance capacity and solidify Haiphong’s status as a regional logistics hub.
High-tech and sustainable investments featured prominently, including the Shin-Etsu Rare Earth Plant (DEEP C 1), LS Metal Vina Plant (DEEP C 2B), Jupiter Haiphong Supply Chain Management (DEEP C 3), JCV Corp (Trang Due IP), DH Lighting Vina (Nam Dinh Vu IP), and a ready-built factory project at Dai An IP.
Automotive and smart urban development projects such as Hyundai Kefico’s production facility for auto parts and engine components further reflect a strategic shift towards deep, green investment.
President Luong Cuong, who attended the event, praised Haiphong’s impressive achievements, especially its ability to maintain double-digit regional GDP growth for 10 consecutive years.
“Vietnam is currently one of Asia’s growth bright spots,” he said. “With over $786 billion in import-export turnover in 2024, we now rank among the world’s top 20 trading nations. Haiphong, as the largest export gateway in northern Vietnam, plays an increasingly vital role in this dynamic regional network.”
He added that Vietnam remains an attractive investment destination, with nearly 150 countries and territories now investing in the country.
“We welcome investors from Asia, Europe, and the Americas who have chosen Haiphong for their high-value projects, from supporting industries and electronics manufacturing to innovation centres and smart logistics.”
Haiphong today ranks among the nation’s top performers for competitiveness, administrative reform, and green growth. The local government has made notable efforts to streamline administrative procedures, boost transparency, and elevate investor satisfaction, all contributing to the city’s evolving image as a dynamic, integrated, and sustainable metropolis.
President Cuong reiterated the Vietnamese government’s commitment to maintaining political stability, reforming institutions, protecting investor rights, and enhancing both physical and institutional connectivity.
“At this important event,” he said, “I hope investors can not only feel the warmth of our welcome but also see the vision, determination, and tremendous opportunities for long-term cooperation in Haiphong.”
In his closing remarks, Chairman of Haiphong People’s Committee Le Ngoc Chau expressed sincere gratitude for the attention and guidance from national leaders, as well as the trust shown by domestic and international investors.
He emphasised that beyond the impressive investment figures, the conference reflects a strong consensus between the city and the business community on a shared development vision: planning as the foundation; infrastructure as the driving force; human resources as the key; and social welfare as the overarching goal.
“This marks the transition from vision to action, from commitment to tangible outcomes,” he said. “Haiphong is dedicated to building an enabling and transparent government that best serves investors. We will continue investing in strategic transport infrastructure, simplifying procedures, and ensuring that business satisfaction is the ultimate measure of public service effectiveness.”
As Haiphong sets its sights on becoming a regional growth engine and global logistics hub, the momentum generated by the 2025 Investment Promotion Conference lays a strong foundation for a transformative decade ahead.
- 13:49 16/07/2025
