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July 15, 2023 07:21 AM
In the first six months of 2023, Haiphong’s economic status ranked third in the country and first in the Hong River Delta (Haiphong Statistics Office).
Attracting prospective FDI
Despite a series of global economic changes and recessions, Hai Phong remains one of the top provinces drawing high foreign direct investment in the first six months of 2023:
According to figures from the Statistics Office of Hai Phong, in the first six months of 2023, Hai Phong attracted 37 new level FDI projects and 25 adjusted higher capital FDI projects totaling over $1.811 billion, representing a 164.8% increase over the same time in 2022.
LG was the largest corporation among foreign investors in Hai Phong, with $7.24 billion in investment. LG has so far invested in seven projects in the Port City, including LG Electronics, LG Display, LG Innotek, and others. LG Innotek Vietnam plans to boost capital by $1 billion in late June 2023 to expand its research and manufacturing facilities in Vietnam.
In addition to LG, Hai Phong draws a large number of investors in other industries such as battery power, shipbuilding, and logistics:
Attracting FDI – Hai Phong constantly creates excellent conditions for investment businesses
By June 2023, Hai Phong has attracted 872 FDI projects with a total capital of $24 billion and investment from 33 nations and territories.
To achieve this aim, the Hai Phong government implemented a variety of FDI-attractive policies, including:
GNP Nam Dinh Vu Rental Industrial Property Attracts Foreign Direct Investment
In addition to actively seeking investors, Hai Phong focuses on developing infrastructure and industrial real estate for lease in order to create favorable conditions for international enterprises to invest in the province. The GNP Nam Dinh Vu project may be included.
Many domestic and foreign firms are now interested in the project because of the following benefits:
1. An advantageous geographical location
GNP Nam Dinh Vu Rental Industrial Property benefits from its location in Nam Dinh Vu Industrial Park, one of the most vibrant industrial parks in Hai Phong. Furthermore, the project is just about 16 kilometers from the city center and around 130 kilometers from Noi Bai Airport, making it highly easy for transferring and circulating goods.
2. Intelligent design, comprehensive infrastructure
Businesses that choose GNP Nam Dinh Vu will benefit from the project’s numerous benefits:
Furthermore, GNP Nam Dinh Vu rental industrial property includes a well-ventilated internal road, several access gates, EDGE certified energy efficiency…
3. Numerous tax breaks
The corporate income tax was preferential, with a 10% decrease over the first ten years, a four-year exemption, and a 50% reduction over the next nine years.
Domestic and foreign firms interested in investing in Hai Phong may call the Hotline +84789757788 for assistance.