Hai Phong’s first free trade zone granted investment registration certificate
At the event (Photo: VNA)
The Hai Phong Economic Zone Authority (HEZA) on December 7 granted an investment registration certificate for the Lach Huyen free trade zone, the first of its kind in the northern port city.
Focusing on logistics and high-tech industry, the zone covers 752 ha and costs over 11 trillion VND (476.7 million USD). Funded by Xuan Cau Holdings, its construction is scheduled for the beginning of 2022, with its first phase expected to be completed in 2025 and the second and third phases in 2030. Once operational, it will attract between 40,000 and 50,000 workers.
Speaking at the certificate handover ceremony, To Dung, Chairman of the Board of Directors of Xuan Cau Holdings, stressed the determination to ensure the project’s progress.
Head of HEZA Le Trung Kien said the zone, coupled with the local Tan Vu Lach Huyen deepwater port and Deep C industrial park, will form a prominent development area of the city.
The Lach Huyen project is among those helping Hai Phong realise its economic growth strategy, which relies on three pillars – port logistics, high-tech industry, and tourism-service, he added.
Kien said HEZA will work with competent agencies to quickly tackle any obstacles facing the investors./.
Related News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Five key northern local customs departments signed an emulation agreement
15:13 | 22/04/2024 Customs
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024
11:44 | 06/04/2024 Customs Statistics
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export