This afternoon (January 16), Hai Phong City granted investment registration certificates to 1 domestic investment projects (DDI), with a total capital of 5 billion VND (equivalent to 79.425,52 billion USD) and 3,394 foreign investment projects (FDI) with 6 million USD.
Accordingly, the Trang Cat Urban and Service Area Project invested by Trang Cat Urban Development Company Limited (a subsidiary of Kinh Bac Urban Development Corporation - KBC) will increase its capital by 62.746 billion VND (total 69.087 billion VND). The project was approved by the Hai Phong City People's Committee for its master plan in 2010 with a total land area of 584,94 hectares, located in Trang Cat Ward, Hai An District, Dinh Vu - Cat Hai Economic Zone, Hai Phong City.
Perspective of Trang Cat urban and service area project. Source: KBC
New licenses for 4 investment projects in construction and business of industrial park infrastructure.
These are: (1) Nomura - Hai Phong Industrial Park Infrastructure Investment and Business Project (Phase 2) of Hai Phong International Industrial Park Joint Stock Company. The project's objective is to invest in the construction and business of industrial park infrastructure in the form of an ecological industrial park. The project's area is 197,16 hectares, with a total investment of VND 2.782,72 billion. The project is located in An Hung, An Hong, and Dai Ban wards (Hong Bang district).
(2) Vinh Quang Industrial Park Infrastructure Investment and Construction Project (Phase 1) invested by Idico Vinh Quang Joint Stock Company. The project covers an area of 226,01 hectares. The project investment capital is VND 3.550,804 billion, of which the investor's capital contribution is VND 536,178 billion. The project is implemented in Vinh Quang, Cong Hien, Thanh Luong communes (Vinh Bao district).
(3) The project to invest in construction and business of infrastructure of Trang Due 3 Industrial Park is invested by Saigon - Hai Phong Industrial Park Joint Stock Company. The project scale is 652,73 hectares. The project is implemented in Truong Tho, Truong Thanh, An Tien, Bat Trang communes (An Lao district) with an investment capital of 8.094,4 billion VND.
(4) The Nam Trang Cat Industrial Park Infrastructure Development Investment Project is invested by Vinhomes Industrial Park Investment Joint Stock Company. The project is implemented in Trang Cat Ward, Hai An District with a land use scale of 200,39 hectares. The total investment capital of the project is VND 2.252,671 billion.
Hai Phong City leaders granted investment registration certificates to 5 domestic investment projects (DDI) and 6 foreign investment projects (FDI).
The conference also witnessed the awarding of investment registration certificates to 6 FDI projects with a total newly granted and increased capital of 125,15 million USD. Specifically, the newly granted project of manufacturing auto parts of investor Trakmotive Global Industrial Inc with a total capital of 60 million USD. The project specializes in manufacturing and distributing auto parts, transmission system parts such as drive shafts and wheel axles in Nam Dinh Vu Industrial Park.
The second project is the Agricultural and Forestry Machinery Manufacturing Project of Hogetsu Vietnam Co., Ltd. in Nam Dinh Vu Industrial Park (Zone 2) which received a new investment certificate with 2 million USD; The project of manufacturing and processing raw materials for food processing and beverage preparation in DEEP C 12,4B Industrial Park of Ascent Vietnam Co., Ltd., with a total investment capital of 2 million USD; The project of manufacturing electronic components for household electronic products of Hanmiflexible Vina Co., Ltd. (12,5 million USD); The project of manufacturing components and assembling electronic products of investor Great Eagle Co., Ltd. in Nam Cau Kien Industrial Park, with a scale of 10 tons/year, total capital of 2.650 million USD; The boiler manufacturing project in Nam Dinh Vu Industrial Park (Zone 10) of Pourin Special Welding Vietnam Production Co., Ltd. increased by 1 million USD.
Mr. Le Trung Kien, Head of Heza Hai Phong Economic Zone, said that Hai Phong City is currently in the top localities attracting the largest foreign investment capital in the country. To date, Hai Phong has attracted over 1.000 foreign direct investment projects from 42 countries and territories with a capital of 33,6 billion USD; 231 domestic investment projects with a capital of 13,7 billion USD, mainly concentrated in the manufacturing and processing industry in industrial parks and Dinh Vu - Cat Hai economic zone.
DEEP C Hai Phong Industrial Park Complex belongs to Dinh Vu - Cat Hai Economic Zone.
Of which, foreign direct investment in Dinh Vu - Cat Hai economic zone is 22,9 billion USD, accounting for more than 80% of the total foreign investment attraction of Hai Phong City. The occupancy rate of industrial parks has now reached 64,3%, the average investment rate per hectare of Hai Phong City is about 1 million USD/ha, more than 12 times the average investment rate of 3 million USD/ha of the whole country.
In recent years, foreign investment attraction in Hai Phong has grown remarkably. From January 1 to present, Hai Phong's investment attraction has reached 2021 billion USD (exceeding the investment attraction target for the 14,5-2021 term of 2025 - 12,5 billion USD), equal to 15% of the period 74 - 1993 (2020 billion USD), attracting an average of 19,6 billion USD/year. Hai Phong has become a stronghold of many large investors, deeply participating in the global value chain. Notable projects are the projects of LG Group, SK Group, Vinfast Automobile Manufacturing Complex project, etc.
Previously, the Conference also witnessed Deputy Prime Minister Tran Hong Ha handing over Decision No. 1511/QD-TTg on the establishment of the Southern Hai Phong Coastal Economic Zone to the Hai Phong City People's Committee.
Also on the afternoon of January 16, the City Party Committee, People's Council, and People's Committee of Hai Phong City held a conference to meet with outstanding businesses and international visitors on the occasion of the Spring of At Ty 1. At the conference, the leaders of Hai Phong City awarded Certificates of Merit from the Chairman of the City People's Committee to 2025 outstanding businesses and 77 international organizations with outstanding achievements and positive contributions to the socio-economic development of Hai Phong City in 2.
In 2024, the business community of Hai Phong city has strived to overcome difficulties and continuously develop and grow. Up to now, the whole city has over 23.000 operating enterprises, of which over 3.300 are newly established enterprises, an increase of 5,3% over the previous year.
77 typical enterprises and 2 international organizations received Certificates of Merit from the Chairman of the City People's Committee
Some enterprises are in the Top 500 largest enterprises in Vietnam such as: Sao Do Group, Tien Phong Plastic, Vinfast, Viet Phat Group, Dinh Vu Port, companies under LG Group... Enterprises have made great contributions to the city's domestic revenue, reaching 49.668 billion VND, accounting for 99,2% of domestic revenue. Of which, the non-state enterprise sector contributed 8.107 billion VND, accounting for 16,1% of total revenue; FDI enterprises contributed 5.861 billion VND, accounting for 11,65% of total revenue; Central and local state-owned enterprises in the area contributed 2.628 billion VND, accounting for 5,25% of total revenue. There are 9 enterprises paying taxes from 500 billion VND to over 5.000 billion VND; 34 enterprises paying from 100 billion VND to nearly 500 billion VND; 26 enterprises paid from 50 to nearly 100 billion VND and 255 enterprises paid from 10 billion to nearly 50 billion VND.
Source: Investment Newspaper