With these results, the city has kept its top position nationwide in terms of foreign investment attraction.

In September alone, the Hai Phong Economic Zone Authority (HEZA) granted licenses to new projects valued at nearly USD 1.4 billion.

Plastic products and electronic components are manufactured by workers of Taiwan-invested Chee Yuen Vietnam Electronic Technology Co. in Hai Phong. 

It also allowed the Japanese-funded Kyocera Document Solutions Inc to add USD 237.5 million to its machinery-equipment manufacturing project in VSIP Hai Phong. The addition brought the project's investment capital total up to USD 425 million.

Le Trung Kien, Head of HEZA, attributed the sound growth to HEZA’s proactive promotion of the local business climate in foreign countries such as the Republic of Korea and Japan.

Last month, an investment certificate was handed over to Ecovance high-tech biodegradable material factory project in the city. The 500-million-USD project will be developed by SK - the second largest corporation in the RoK.

Kien said that Hai Phong would continue to selectively attract investment, and actively cooperate with leading global conglomerates in Vietnam's prioritized sectors and industries.

At the same time, the city would devise its own mechanisms to promote modern technology projects with commitments to technology transfer, market expansion, supply chain and human resources development, helping domestic businesses participate more deeply in the global value chain, he said.

Currently, Hai Phong is home to more than 1,000 foreign-invested projects, valued at nearly USD 28 billion. The RoK ranks first among the 42 nations and territories pouring capital into the city, with 105 projects totaling USD 11 billion.

Secretary of the municipal Party Committee Le Tien Chau affirmed that Hai Phong was committed to always accompanying and creating good conditions for investors to implement their projects.

In the future, the city would continue to improve its business and investment environment, and focus on developing infrastructure, especially regionally linked transportation infrastructure projects, and concertedly implement solutions to improve the efficiency of attracting high-quality workforce, ensuring labor resources for investors when they implement projects here, Chau said.

Source: VNA