Leading in attracting foreign investment

Attracting many big investors

In recent times, Hai Phong has been one of the six leading localities in the country in attracting foreign investment. In the context of the global market still having many fluctuations, investors, especially large investors, are increasingly cautious in investing abroad. Amid fierce competition pressure both domestically and internationally, Hai Phong City is still a destination that many foreign investors are interested in choosing because of its own advantages in attracting FDI capital.

Representatives of Hai Phong City leaders met, discussed and interacted with foreign enterprises investing in Hai Phong. Photo: Thu Anh

Recently, the inauguration ceremony of Assa Abloy Vietnam Hardware Structure Factory took place at DEEP C 2B Industrial Park in Hai Phong. The project was implemented in November 2022 with the goal of producing door closers, on an area of ​​over 4.3 hectares, with a total investment of 30 million USD. Up to now, the project has completed the construction of the factory and all utilities for the factory, completing the installation of machinery and equipment for the production line.

Martin Poxton, President of Assa Abloy Greater China and Southeast Asia, said: “With the factory up and running, we will supply a significant portion of our global door closers to our sales teams around the world. At the same time, with a strong commitment to social responsibility, we will continue to lead the way in the science targets initiative and the factory will play a key role in helping us continue to reduce our carbon footprint by 2030 and achieve net zero emissions by 2050.

Representatives of Hai Phong City leaders visited some products of Assa Abloy Vietnam Hardware Structure Factory. Photo: Thu Anh

According to statistics from the People's Committee of Hai Phong City, up to now, Hai Phong has attracted 40 billion USD of FDI capital, making it one of the localities attracting the largest FDI capital in Vietnam. Of which, the European Union (EU) invested in more than 50 projects, with a total investment capital of nearly 1.5 billion USD (accounting for 3.7%) and Sweden invested in 3 projects, with a total investment capital of 40.37 million USD. Hai Phong has become a successful investment destination for large corporations from Europe such as Tesa, Polarium, ZL Automotive, Assa Abloy, etc.

Hai Phong is also the destination of the world's leading investors such as: LG Group - Korea with projects, with a total investment capital of over 7.24 billion USD; Bridgestone Group, Japan with a total capital of 1.22 billion USD; Regina Miracle Group, Hong Kong (China) with a total capital of over 1 billion USD; Pegatron Group, Taiwan (China) with a total capital of over 800 million USD; SK Group, Korea with a total capital of over 500 million USD. In addition, there are other groups such as Nipro Pharma and Aeon of Japan, Tongwei of China.

It can be said that Hai Phong is considered a bright spot in attracting FDI and always maintains its position in the top of the country.

Committed to accompanying FDI enterprises

Since opening up to attract foreign investment capital, FDI enterprises have always been a positive contributor to the economic development as well as social activities of Hai Phong City through their important contribution to increasing development investment capital, contributing to the city budget, promoting export and import, creating jobs for workers with good treatment associated with training, improving labor productivity and technical level.

Representatives of Hai Phong City leaders met, discussed and visited booths displaying products of foreign enterprises investing in Hai Phong. Photo: Thu Anh

Besides, with its strength in science and technology, the FDI enterprise sector is also considered a driving force for the development of industrial production and promoting the development of science and technology in the city.

However, many FDI enterprises in Hai Phong City want the city to speed up the establishment and expansion of industrial parks and economic zones, especially the establishment of the Southern Coastal Economic Zone.

At the same time, promote the procedures for establishing a new generation Free Trade Zone with outstanding incentive mechanisms to attract foreign capital flows and technology corporations to invest; continue to invest in completing the logistics infrastructure system, domestic and foreign traffic connecting the seaport system, economic zones, industrial parks, airports, high-speed railways, highways, etc.

Along with that is the concern for developing high-quality human resources and skilled labor force. Continue to implement solutions to support FDI enterprises implementing projects in Hai Phong in terms of location, planning, land, environment, labor, fire prevention and fighting, etc.

Focus on developing high-quality housing and social housing, international school systems, international hospitals, high-quality entertainment and tourism areas, convenient housing... so that investors and their families can feel secure in settling down and working long-term in Hai Phong.

Head of Hai Phong Economic Zone Management Board - Le Trung Kien said: To build trust with investors, Hai Phong is still making efforts to reform administrative procedures, promote infrastructure development as well as commit to investors on site clearance progress, join hands with investors to remove difficulties and obstacles.

Mr. Le Trung Kien also informed that in the coming time, the city will have an additional Southern Coastal Economic Zone, with a scale of 20,000 hectares in a green and ecological direction, which will bring many advantages to investors coming to Hai Phong, with many special policies and mechanisms that are beneficial to businesses and investors. He hoped that investors and businesses would continue to expand their production and business activities in Hai Phong. The Hai Phong Economic Zone Management Board and its units are committed to always accompany and promptly grasp the thoughts, aspirations and difficulties of investors and businesses to have direction to resolve them in the direction of clearly defining the time and attaching responsibility to resolving them, practically supporting investors and businesses.

Source: https://congthuong.vn/hai-phong-dan-dau-ve-thu-hut-dau-tu-nuoc-ngoai-351635.html