Hai Phong works to expand diplomacy, promote investment attraction

Five international delegations paid working trips to Hai Phong in March and on the first days of April proved that the northern port city is always ready to expand diplomacy and relations with partners, thereby promoting investment attraction, boosting exports and improving its competitiveness capacity.

Hai Phong works to expand diplomacy, promote investment attraction hinh anh 1

Workers produce rolled steel for export at JFE Shoji Steel Hai Phong Co Ltd at VSIP Industrial Park in Hai Phong city. (Photo: VNA)

Five international delegations paid working trips to Hai Phong in March and on the first days of April proved that the northern port city is always ready to expand diplomacy and relations with partners, thereby promoting investment attraction, boosting exports and improving its competitiveness capacity.

Receiving a delegation from the US Embassy in Vietnam led by Ambassador Marc E. Knapper on March 1, Standing Vice Chairman of the municipal People’s Committee Le Anh Quan said he hoped the diplomat will introduce more US investors and businesses to invest in the city.

The city's authorities pledged to create optimal conditions for US investors to explore the local investment environment and seek cooperation opportunities, he said.

For his part, Knapper said that the delegation's visit aimed to gain a deeper insight into the city's situation and seek cooperation opportunities.

The delegation also hoped to explore Hai Phong's methods to rank in the top localities in the provincial competitiveness index (PCI), thus making more US firms aware of the city's advantages, the diplomat said.

At a reception for the Republic of Korea (RoK)’s Ambassador to Vietnam Oh Young-ju, Secretary of the municipal Party Committee Le Tien Chau affirmed that Korean-invested projects have made important contributions to the city’s development.

The Korean diplomat said that the RoK and Vietnam have enjoyed profound and long-standing cooperative relations, and achieved cooperation results in all fields. Hai Phong is currently an investment centre of Korean enterprises with many successes, notably projects of LG Group.

While working with a delegation from the Singaporean Embassy in Vietnam led by Ambassador Jaya Ratnam, Chau said that Singapore has always been a major investor and trading partner of Vietnam. There are currently 858 FDI projects worth 24.8 billion USD in Hai Phong, including 52 projects from Singaporean investors, with total capital of over 2.6 billion USD.

The official said the city wants to boost collaboration with Singapore in fields where the city-state has strengths such as renewable energy, urban management and digital transformation. Chau also hoped that the Singaporean Ambassador would help connect Hai Phong with Singapore businesses in those fields.

Hai Phong is set to become one of the most developed cities in Asia and the world by 2050 under an adjusted master planning scheme, which has been approved by Deputy Prime Minister Tran Hong Ha.

The city will build broadband information infrastructure, creating a foundation for its smart city development. It plans to set up smart management centres in new urban areas. A new information and communication technology (ICT) parks are also proposed for construction in Nam Dinh Vu, and Kien Thuy and Tien Lang districts.

According to Director of the Hai Phong Economic Zone Authority Le Trung Kien, as the city has defined digital transformation as a driving force for its economic growth, the authority has synchronously implemented many solutions. As a result, the local business investment environment has been improved, making important contributions to the city's socio-economic development.

Hai Phong continued ranking among the top localities in attracting foreign direct investment (FDI) in the first quarter of this year. As of March 22, the city had lured 385.08 million USD in FDI, equal to 78.89% of the figure in the same period last year, and 17.91% of the yearly plan./.

en.vietnamplus.vn

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

VCN - On November 8, 2024, Vietnam Report in collaboration with VietNamNet Newspaper announced the VNR500 Ranking - Top 500 Largest Enterprises in Vietnam in 2024. The indicators under the VNR500 Ranking show that the business performance has been positive although there are still "headwinds".

Latest News

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Hard capsule pharmaceutical shells from Brazil, China and India are also being investigated.
UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Agricultural, forestry and fishery trade surplus value shoots up

Agricultural, forestry and fishery trade surplus value shoots up

VCN - According to the Ministry of Agriculture and Rural Development, the total export turnover of agricultural, forestry and fishery products in the first 10 months reached 51.74 billion USD, up 20.2% over the same period in 2023. Notably, the trade surplus value recorded a spectacular increase year on year.
New export and business cooperation opportunities from "dual conversion"

New export and business cooperation opportunities from "dual conversion"

VCN - According to a recent study from NielsenIQ, 16% of Vietnamese consumers consider a sustainable future as one of the important factors in their consumption decisions.

More News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Read More

Your care

Latest Most read
US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Hard capsule pharmaceutical shells from Brazil, China and India are also being investigated.
UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Agricultural, forestry and fishery trade surplus value shoots up

Agricultural, forestry and fishery trade surplus value shoots up

VCN - According to the Ministry of Agriculture and Rural Development, the total export turnover of agricultural, forestry and fishery products in the first 10 months reached 51.74 billion USD, up 20.2% over the same period in 2023. Notably, the trade surp
New export and business cooperation opportunities from "dual conversion"

New export and business cooperation opportunities from "dual conversion"

According to a recent study from NielsenIQ, 16% of Vietnamese consumers consider a sustainable future as one of the important factors in their consumption decisions.
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Mobile Version