Speaking at the event, Le Trung Kien, head of the board, said that the city is preparing for the construction of a new 20,000-ha economic zone in the south of the city, adding it will offer incentives to investors in the development of a free trade zone while also focusing on developing a 752-ha non-tariff zone at Lach Huyen International Port.

Hai Phong city's Economic Zone Management Board and the U.S. Customs and Border Protection on December 5 organize a workshop on developing a free trade zone and a non-tariff zone in the city. (Photo: baodautu.vn)

Kully Nelson, Commercial Attaché at the U.S. Embassy in Vietnam, said that the workshop concretizes the cooperation agreement between Vietnam and the U.S. that leaders of the two countries reached during the U.S. President Joe Biden’s visit to Vietnam over two months ago. It also demonstrates the cooperation between the U.S. Embassy in Vietnam and Hai Phong city in terms of trade.

Blueprint of Xuan Cau industrial park and non-tariff zone at Lach Huyen International Port. (Photo: baodautu.vn)

As of November 30, 2023, there had been 904 foreign investment projects in Hai Phong city with a total investment capital of nearly 30 billion USD, with 520 of those located in industrial parks and economic zones and totally capitalized at 25.98 billion USD. In the first 11 months of 2023, Hai Phong attracted 3.2 billion USD in foreign direct investment, accounting for 160% of its plan.

Source: VNA