Hai Phong Southern Coastal Economic Zone: New Development Driving Force of the Port City

On the afternoon of January 16, in Hai Phong, the Conference to announce the Prime Minister's Decision on the establishment of the Southern Coastal Economic Zone took place, marking a strategic development step for the city. With a scale of 1 hectares, including 20.000 hectares of reclaimed land, this economic zone is expected to become a new economic growth driver, contributing to bringing Hai Phong to new heights in the region and internationally.

Perspective of the southern coastal economic zone of Hai Phong.

The Southern Hai Phong coastal economic zone is oriented to be a multi-sector economic zone with development pillars including high-tech industry, modern logistics services, smart urban areas, eco-tourism and a pilot free trade zone. This is not only a key economic project but also a basis for Hai Phong to affirm its role as a center of marine economy and international logistics services, playing an important role in the development triangle of Hanoi - Hai Phong - Quang Ninh.

Deputy Prime Minister Tran Hong Ha hopes that the Hai Phong Southern Coastal Economic Zone will attract foreign investors with renewable energy, clean energy, "without having to pay carbon tax".

Speaking at the conference, Deputy Prime Minister Tran Hong Ha emphasized that Hai Phong has all the factors of “heavenly time, favorable location, and harmony of people” to develop strongly and make a breakthrough. He expected that this economic zone will attract investors with outstanding advantages such as renewable energy, clean energy and a modern business environment, in line with the trend of sustainable development and minimizing environmental impacts.

According to the plan, by 2030, the Southern Coastal Economic Zone of Hai Phong will become the main economic driving force of the city, reaching 80% of the capacity compared to Dinh Vu - Cat Hai Economic Zone. This project is expected to contribute VND550.000 billion to the state budget and create 301.000 jobs, contributing to improving the lives of local people and promoting economic growth in the whole region.

Over the years, Hai Phong has achieved many impressive achievements, affirming its role as one of the economic locomotives of the country. In 2024, the city's economic scale will rank 5th out of 63 provinces and cities, with a GRDP growth rate of 11,01%. Hai Phong also leads the country in attracting foreign investment capital with nearly 5 billion USD, notably green, environmentally friendly projects.

Deputy Prime Minister Tran Hong Ha presented the Prime Minister's Decision on establishing the Southern Coastal Economic Zone of Hai Phong to the leaders of Hai Phong City.

The Hai Phong Southern Coastal Economic Zone is not only an economic project but also demonstrates a strategic vision for sustainable development. Deputy Prime Minister Tran Hong Ha emphasized that the entire planning, design and infrastructure development of the economic zone must be implemented synchronously, integrating multiple objectives, in line with the green transformation trend and climate change adaptation. Factors such as transportation, irrigation, energy and telecommunications need to be built with a long-term vision, avoiding unsustainable development or suffering great losses when natural disasters occur.

In addition, the Deputy Prime Minister also requested Hai Phong to introduce special policy mechanisms and reform administrative procedures to create an open investment environment and attract strategic investors. The criteria for selecting investors must ensure scientific, practical and consistent with the goal of green and sustainable development, aiming to build a model economic zone, a pioneer in innovation and digital transformation.

Perspective of the ground plan and development space of the Southern Coastal Economic Zone of Hai Phong.

The Southern Coastal Economic Zone of Hai Phong is expected to be an important stepping stone to turn the city into a symbol of sustainable development, not only in Vietnam but also on the regional map. This will be a vivid demonstration of the aspiration and determination of the Hai Phong government and people in building a modern, livable city with comprehensive economic, social and environmental development.

Center for Employment Services - Training - Investment Promotion