On the afternoon of November 14, the People's Committee of Hai Phong City held a conference to grant investment registration certificates to projects in economic zones (EZs) and industrial parks (IPs) in the city.
Speaking at the Conference, Mr. Le Trung Kien, Head of Heza Hai Phong Economic Zone said: “In recent years, the socio-economic development speed of Hai Phong City has always maintained a high level of socio-economic development, with an average GRDP growth rate of over 11%/year. In the first 9 months of 2024, Hai Phong continued to achieve a GRDP growth rate of 9,77%. In which, attracting foreign and domestic investment plays an important role, greatly affecting the socio-economic development of the City”.
Mr. Le Trung Kien, Head of Heza Hai Phong Economic Zone, spoke at the conference. Photo: Thanh Son
Specifically, from January 1 to present, Hai Phong City's investment attraction has reached 2021 billion USD (14,5% of the investment attraction plan for the 97-2021 term), equal to 2025% 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 LG Group, SK Group, Vinfast Automobile Manufacturing Complex project...
At today's conference, the People's Committee of Hai Phong City granted investment registration certificates to 12 typical new and expanded investment projects in November 11 in the Economic Zones and Economic Zones in the City with a total investment capital attracted of an additional 2024 billion USD, with an expected labor demand in the coming years of about 1,8 people.
General Secretary To Lam, leaders of central ministries and branches, and leaders of Hai Phong City took souvenir photos with 12 investors.
Accordingly, the projects with increased capital are: The expansion investment project of LG Group (Korea) in Trang Due Industrial Park, adjusted to increase by 1 billion USD, bringing the total investment capital to 5,65 billion USD. This is one of the largest investment projects of LG Group in Vietnam, specializing in the production of high-tech OLED screens with a scale of 14 million products/month. The project started investment in 2016 with a capital of 1,5 billion USD, and after 8 years of operation, it has continuously expanded its scale, increased its capital, and created jobs for more than 22.000 workers. Average export reached 5,8 billion USD/year, contributing an average of 1.000 billion VND/year to the budget.
Hai Phong City leaders awarded investment certificates.
Next is the project of investor Heesung, Korea in Trang Due Industrial Park, increasing by 125 million USD, bringing the total capital to 279 million USD. This is one of the close partners of LG Group, manufacturing and assembling automatic positioning liquid crystal module components with a scale of 10,5 million products/year, creating jobs for nearly 400 workers, with an average export of 100 million USD/year.
The infrastructure business project of the DEEP C Hai Phong Industrial Park Complex increased by 169 million USD, bringing it to 286 million USD. This is the Industrial Park Complex that has attracted large projects such as Pegatron, Vietnam Advance Film Material, Core5, Posco, Pyeonghwa Automotive... with a total capital of 5 billion USD. When the project expands, it will attract more large investors from around the world.
Hai Phong City leaders awarded investment certificates.
The project of USI Group, Taiwan (China) at DEEP C Industrial Park Complex increased from 215 million USD to 290 million USD (an increase of 75 million USD). The project produces and assembles electronic circuit boards, wearable devices, smart handheld devices, and household appliances with a scale of 260 million product sets/year, creating jobs for 1.000 workers, and exports will reach 500 million USD/year.
Project of Chinese investor Moons' Industries in VSIP Industrial Park, increased by 69 million USD, bringing it to 87 million USD. This is a project to produce precision motors, motion transmission motors, LED sources and other similar components with a capacity of 990.000 product sets/year, creating jobs for 100 workers, with expected export of about 50 million USD/year.
Vietnam Advance Film Material Project (China) at DEEP C 2A Industrial Park, increased by 60 million USD, bringing the total investment capital to 158 million USD. This project produces PV film, the supporting layer of PV panels with a scale of 155.000 tons/year, creating jobs for 231 workers, with an expected export value of 60 million USD/year.
Jeil Logistics 1 Project (Korea) in Nam Dinh Vu Industrial Park, increased from 23,67 million USD to 44,67 million USD (increased by 21 million USD). The project provides logistics and post-port logistics services with an area of 45.341 m2.
The newly licensed projects are the Middle Project of the joint venture of Hai Phong Port Joint Stock Company and investors Terminal Investment Limited (TIL) and MSC Group of Switzerland with a total investment capital of 156 million USD. The companies established a joint venture to exploit two international container terminals No. 3 and 4 of the Hai Phong International Gateway Port project in Lach Huyen, with an annual cargo output of 1,1 million TEUs.
Next is the project of investor Sembcorp Integrated Hub Hai Phong IV (Singapore) in DEEP C Industrial Park with a total investment capital of 56 million USD with the goal of real estate business, area of 8,4 hectares.
Project of Smart Logistics Service Co., Ltd. with a total investment of 20 million USD at Hai Phong International Gateway Port Industrial Park, the project's target is logistics and post-port logistics services with an area of 10.000 m2, expected revenue of 100 million USD/year.
The project of investor Hoda Strategic Holdings Private (China) with a total investment capital of 10 million USD in DEEP C Industrial Park, the project's goal is to produce international standard PVC pipe fittings with a scale of 10.000 tons/year, creating jobs for 50 workers.
Finally, the project of DAP Joint Stock Company - Vinachem 626 billion VND with the goal of in-depth investment, improving the quality of phosphoric acid and producing MAP fertilizer with a scale of 60.000 tons/year.
The results of attracting FDI capital with such telling figures clearly demonstrate the mark of innovation in thinking, awareness, vision and action of the Party Committee and the Hai Phong City government. Each FDI project attracted to Hai Phong is the result of a whole process with close leadership, direction and consensus, unity with a high sense of responsibility, from development orientation, planning, calling for investment in industrial park infrastructure, site clearance, implementation of connecting infrastructure projects to creating an investment and business environment.
Mr. Nguyen Van Tung, Chairman of Hai Phong City People's Committee delivered the closing speech at the conference.
At the conference, Mr. Nguyen Van Tung, Chairman of Hai Phong City People's Committee said: "In order for Hai Phong to continue to lead the country in attracting foreign direct investment, making an important contribution to the development of the whole country, the City will continue to focus on attracting high-tech projects, especially projects on semiconductors and electronic chips, selecting large and reputable investors in the world. Create the most favorable conditions, the fastest procedures for investors and businesses. Strengthen the ability to connect FDI enterprises with Vietnamese enterprises, so that Vietnamese enterprises can participate in the global supply chain".
Up to now, the City has attracted 1.000 foreign investment projects worth 32,2 billion USD, currently ranking 6th in the country. Of which, the mechanical, chemical, and pharmaceutical sectors account for 36%; electronics (30%); logistics, infrastructure (15%); chemicals, plastics, packaging, and pharmaceuticals (17%). The occupancy rate of industrial parks has now reached 70%, the average investment per hectare of Hai Phong City is about 1 million USD/ha, more than 13 times the average investment of 3 million USD/ha of the whole country.
There are more than 40 countries investing in Hai Phong City, of which Korea is the leading country in FDI investment in the City with 11 billion USD (accounting for 44%), China is second with 2 billion USD (accounting for 6%), Japan is third with 23 billion USD (3%)...