Capital from China continues to flow into Hai Phong City

Capital from China continues to flow into Hai Phong City

At the Investment Promotion Conference in Shenzhen City (China), Hai Phong City leaders awarded 7 investment registration certificates to Chinese investors with a total investment capital of nearly 200 million USD.

Chinese investors were granted investment registration certificates by Hai Phong City at the event, including: Flat Vietnam Co., Ltd. adjusted to increase by 50 million USD for the solar glass production project, raising the total capital to 350 million USD; Ways Vietnam Technology Co., Ltd. invested 15 million USD for the high-tech electronic components production project; CFL Holdings Limited invested in the plastic flooring production project (10 million USD). These projects are all invested in DEEP C Hai Phong Industrial Park.

In addition, Yuekai Machinery Manufacturing Co., Ltd. adjusted the capital increase by 35 million USD for the automobile parts manufacturing and processing project, raising the total capital of the project to 55 million USD; HMT Hai Phong New Material Technology Co., Ltd. increased its capital by 12 million USD for the automobile airbag manufacturing project (the total project is nearly 100 million USD); Autel Vietnam Co., Ltd. increased its capital by 58 million USD for the automobile diagnostic equipment manufacturing project. These projects are all located in An Duong Industrial Park.

And finally, Finework International Company invested in the Mechanical and Industrial Spare Parts Production Project in Nam Dinh Vu Industrial Park, with a total capital of 10 million USD.

In addition, four memorandums of understanding on cooperation between Chinese enterprises and the Hai Phong Economic Zone Management Board (Heza) and industrial park enterprises in Hai Phong were also signed at the Conference. These are the memorandums of understanding between the DEEP C Industrial Park Complex and CFL Holdings Limited on expanding an existing investment project worth 100 million USD.

In addition, Nam Cau Kien Industrial Park and Khoi Nguyen Company Limited signed a memorandum of understanding on cooperation to implement a project to produce phone components worth 12 million USD; Heza and Exquisite Power Vietnam Company Limited signed an agreement to expand the battery assembly project in Nam Dinh Vu Industrial Park with an increased investment capital of nearly 100 million USD; Heza and Tham Viet Investment Joint Stock Company Limited agreed to support Chinese enterprises and investors investing in Hai Phong City.

Mr. Le Tien Chau, Secretary of the Hai Phong City Party Committee, emphasized that in order for Hai Phong to continue to be an attractive destination for investors, the City always welcomes and commits to providing the best incentives and is ready to prepare all favorable conditions in the investment environment. That is to focus on continuing to invest in upgrading transport infrastructure, especially building highways, railways, and waterways connecting directly to industrial parks; urgently putting the next ports in Lach Huyen into operation in 2025...

In particular, in 2025, Hai Phong will develop a second economic zone - the Southern Coastal Economic Zone of the City with a scale of more than 20,000 hectares, with the orientation of a green, ecological economic zone, closely following international trends on ESG and specific preferential policies. In which, there will be a free trade zone to create an investment environment and outstanding preferential mechanisms to welcome Chinese investors in particular and foreign investors in general when coming to Hai Phong.

According to Mr. Le Trung Kien, Head of Heza, in addition to Dinh Vu - Cat Hai Economic Zone and 14 industrial parks that are operating effectively, Hai Phong is actively establishing 15 new industrial parks to be ready to attract new investors, including investors from China. The city hopes to attract investors and businesses from China interested in the fields that Hai Phong is prioritizing to attract investment such as electronics and high-tech products, seaport services and logistics, trade, and tourism.

Up to now, Hai Phong has 975 valid foreign investment projects, with a total registered investment capital of 30.65 billion USD. Of these, 405 investment projects are from Chinese investors, with a total investment capital of 6.14 billion USD, the main investment fields are electricity, electronics, textiles, footwear, plastics, packaging, chemicals. Typical projects are Regina Miracle International (1 billion USD), Pegatron (800 million USD), Flat (300 million USD), USI (215 million USD), Chilisin (170.28 million USD) ...

Hai Phong currently has two industrial parks invested by Chinese enterprises: Do Son Industrial Park and An Duong Industrial Park. Chinese enterprises annually export 5.34 billion USD, employ 58,000 workers, contributing to the city's socio-economic development.

Source: https://baodautu.vn/dong-von-tu-trung-quoc-tiep-tuc-do-vao-tp-hai-phong-d222174.html