On the afternoon of May 28, Vice Chairman of the Hai Phong City People’s Committee Hoang Minh Cuong received and worked with Zhenxing Group (China) on promoting the development of international trade cooperation zones and industrial parks between Hai Phong and Chengdu, Sichuan Province (China).
At the working session, Vice Chairman Hoang Minh Cuong introduced several features of the city. With five types of transport, especially the largest seaport system in northern Vietnam with direct connections to the Americas and Europe, Hai Phong is consistently among Vietnam’s leading localities in growth and foreign-investment attraction. In terms of development space, the city has established 14 Industrial Parks and is continuing to focus on developing 20 additional Industrial Parks with a total area of more than 7,000 hectares. In particular, the Vietnamese Government has approved the establishment of the Southern Coastal Economic Zone, covering approximately 20,000 hectares. It is a comprehensive coastal economic zone based on green growth, a circular economy and sustainable development, including a Free Trade Zone with breakthrough and superior mechanisms and policies. It will connect with other coastal economic zones and create a development driving force for the Red River Delta.
The city welcomes and stands ready to facilitate and support Groups seeking to survey and explore business investment cooperation opportunities in Hai Phong. At the same time, it is committed to creating favorable conditions and accompanying businesses throughout the process of surveying, investing and operating in the locality.
Thanking the city leaders for taking the time to introduce Hai Phong’s investment environment, Tang Hien Ban, Deputy Secretary of the Party Committee, Vice Chairman and General Director of Zhenxing Group, expressed his impression of the city’s development. He said Hai Phong’s conditions are highly compatible with the Group’s investment orientation. Introducing Zhenxing Group, Tang Hien Ban said Sichuan Industrial Promotion Fund Investment Group Co., Ltd. (Zhenxing Group) is an integrated fund investment group incorporating fund investment, science and technology innovation industries and asset management. The Group is currently a large core enterprise under the Sichuan Provincial Government, the managing body of the province’s Industrial Investment Guidance Fund, and the chair of the Sichuan Investment Fund Association, with an AAA issuer credit rating. Zhenxing focuses on the research, development and manufacture of electronic regulators and wireless communication modules.
In 2023, Xuguang Technology Co., Ltd. (Zhenxing Group) established Xuguang Technology (Vietnam) Co., Ltd. in Hai Phong with registered capital of USD 4.15 million; its 2024 goods output reached USD 6.385 million. Leveraging the resources of Xuguang Technology in Hai Phong, Zhenxing Group wishes to promote the development of international trade cooperation zones and industrial parks between Hai Phong and Chengdu, Sichuan Province./.
Source: Hai Phong City Electronic Information Portal