The northern port city of Hai Phong topped localities across the country in foreign direct investment (FDI) attraction in 2021, drawing over 5.14 billion USD, up nearly 3.4 times over that in the same period last year.
Hai Phong (VNA) – The northern port city of Hai Phong topped localities across the country in foreign direct investment (FDI) attraction in 2021, drawing over 5.14 billion USD, up nearly 3.4 times over that in the same period last year.
Of the total, 327.45 million USD was invested in 29 new projects, nearly 2.63 billion USD poured into 52 underway projects, and nearly 2.2 billion USD in share purchase and capital contribution deals.
By the end of 2021, local industrial parks (IP) and economic zones (EZ) lured 420 FDI projects worth over 19.13 billion USD.
Le Trung Kien, head of the Hai Phong Economic Zone Authority (HEZA), said that in 2022, Hai Phong expects 2.5-3 billion USD of FDI in local IPs and EZs. Right in January, the HEZA welcomed a 35-million USD project from a Chinese investor.
At a recent conference to implement the esolution on socio-economic, defence, security tasks of the city in 2022, Secretary of the municipal Party Committee Tran Luu Quang held that the city will face challenges in FDI attraction in the time to come.
In order to continue maintaining its FDI results, the city should roll out measures to attract human resources to work in IPs, he said, adding that in the 2021-2026 period, the city needs about 200,000 labourers from other localities.
Along with giving support to workers in healthcare services and housing, the city will speed up administrative reform to make it easier for investors during their investment process, while focusing on human resources training, he added./.
Denmark’s Ørsted Group, the world's largest corporation in the wind power industry, has proposed an offshore wind power plant in the northern port city of Hai Phong, with an estimated investment of between 11.9 billion USD to 13.6 billion USD.
The Hai Phong Economic Zone Authority (HEZA) on December 7 granted an investment registration certificate for the Lach Huyen free trade zone, the first of its kind in the northern port city.
Prime Minister Pham Minh Chinh asked the northern port city of Hai Phong to work harder to become the centre for regional connectivity given its favourable location and situation.
The northern port city of Hai Phong is working to continue to improve its business and investment environment to attract large investors and maintain its leading position in investment attraction.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A view of Hai Phong city (Photo: congthuong.vn) 
