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Hai Phong proactively stimulates foreign capital flows

May 11, 2023 09:50 AM

Hai Phong, a port city in the northern coastal region, an industrial center, a seaport, a center of economy, culture, health, education, science, commerce and technology, has always been acknowledged as an appealing destination for investors, especially in attracting FDI in the North.

Strategic transport hub with developed infrastructure

Hai Phong is the Northern Sea transport hub and a growth pole of the northern key economic triangle, including Hanoi, Hai Phong and Quang Ninh. This is currently the only city in the North that converges all five important transport modes: roadway, railway, waterway, inland waterway and airway.

In particular, Hai Phong has a strategically-located port system. The volume of goods through Lach Huyen Port is estimated to reach 120 million tons/year by 2030, transported directly to Europe and America. Hai Phong Port is currently ranked 28 out of 100 container ports with the largest cargo throughput in the world in 2022 (Lloyd Magazine – UK).

In 2022, Hai Phong stands in the 4th position regarding total registered FDI capital (1.96 billion USD), and ranks 3rd out of 63 provinces in PCI (Provincial Competitiveness Index). As of the end of March 2023, there are 860 valid investment projects in the city, with a total registered investment capital of 24.6 billion USD.

The city owns a total area of more than 6,200 hectares (2022-2025), which consists of 14 industrial zones in operation and 15 more expected to be deployed in the near future, attracting more than $8.4 billion in total registered capital. Renowned investors who have developed manufacturing hubs in Hai Phong include: LG, Petragon, Bridgestone, Nipro, Liteon, Vinfast and Kyocera.

Boasting itself a prime location, a strongly booming economy and numerous investment incentives, a skilled workforce and synchronized infrastructure, Hai Phong promises to be a worthy investment location for enterprises that are planning to enter or expand in the Vietnamese market.

GNP Nam Dinh Vu – Industrial Center provides premium ready-built factory & warehouse in Hai Phong City

Proactively stimulating foreign capital flows

In addition to extensive efforts to enhance its business investment environment, Hai Phong pays special attention to attracting foreign investment. In April, Hai Phong continuously launched welcoming events for delegations from Hong Kong, Taiwan, and the European Union. This is a positive sign, affirming that Hai Phong is a reliable destination for foreign investors.

At the Connecting Hai Phong – Hong Kong Program on April 14th, Ha Kim Ngoc – Deputy Minister of Foreign Affairs assessed Hai Phong as one of most advantageous localities in cooperation with Hong Kong (China), due to its proximity in geographical location, easy seaport connections, available facilities for setting up production sites, developing logistics and service industries.

Head of Hai Phong Economic Zone Management Board, Le Trung Kien asserted at the investment promotion program with the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) (China) on April 19: “Hai Phong City and Hai Phong Economic Zone Management Board confirm to accompany and create a conducive environment for FDI businesses.”

In light of these available strengths and potentials, along with the city’s striving to establish 15 new industrial zones, Hai Phong shows off distinctive advantages to attract foreign capital flows.

GNP Nam Dinh Vu aims for sustainable development

Driven by a broad array of benefits, Gaw NP Capital Group from Hong Kong (China) made its decision to develop GNP Nam Dinh Vu Industrial Center in Hai Phong City.

GNP Nam Dinh Vu offers column-free design to optimize production area

According to Ms. Nguyen Phuong Thao – Leasing cum Asset Management Director, Gaw NP Capital chose Hai Phong because of the city’s prime location in connecting domestic and international transportation, with special tax incentives.

“In addition, the city government gives priority to supporting FDI investors via impressive policies: promoting the city’s business potential through trade fairs, investment conferences, and business forums; simplifying administrative procedures and setting up a one-stop mechanism to facilitate the investment process; establishing universities and vocational schools to improve workforce’s capacity”, said Ms. Thao.

GNP Nam Dinh Vu Industrial Center consists of 107,000 sqm Premium Ready-built Factories & Warehouses For Lease. Providing a flexible leasing area to meet the diverse needs of customers, the project is expected for hand over in the second quarter of 2023.

Some highlights of the project include: internal column-free design to optimize production area, wide internal roads convenient for transport, 24/7 fire protection & security system and can operate flexibly in the form of an export processing enterprise (EPE) or a Non-EPE enterprise.

In particular, GNP Nam Dinh Vu’s ready-built warehouse provides high-standard facilities such as: hydraulic dock leveler, truck court, and advanced firefighting system…

GNP Nam Dinh Vu has obtained the EDGE Certificate for Energy Reduction and plans to install solar roof system when the project is completed.

“This is one of the main drivers for developers and tenants to achieve the green and sustainability goal, in line with the Government’s orientation and global trends. Consequently, the project surely attracts investment from areas such as automotive, electronics, logistics, high technology and precision engineering,” said Thao.


Source: Bao Dau Tu

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