Hải Phòng: ideal destination for investment

A synchronous and modern infrastructure system has helped attract investors to the northern port city of Hải Phòng.

It has made Hải Phòng an ideal investment location serving the domestic market as well as China, Southeast Asia and the rest of the world.

Several years ago, authorities realised that to attract more FDI (foreign direct investment), the infrastructure around the red river had to be developed further. The masterplan consisted of a five-modal hub (road/rail/air/river/deep sea) to bring the region to an entire new level.

An airport system (Nội Bài-Hà Nội and Cát Bi-Hải Phòng) was established. A new highway between Hải Phòng and Hà Nội was constructed, which became operational in 2015. Highway connections between Hải Phòng-Hạ Long-China (which will open in June this year) and Hải Phòng-coastal provinces are under construction.

Last but not least, a new deep-sea port is currently nearing completion and will become operational no later than the second quarter of this year. This is a significant enhancement of the north’s sea transport system from a current 7m depth to a 14m depth capable of receiving 100,000 DWT vessels making direct routes to America and Europe.

The main difference compared to the developments in the southern region of Việt Nam is the availability of prime industrial land in the middle of the web of new infrastructure developments, truly unlocking the potential of the north.

This huge potential of the city has also been picked up by investors for living facilities, such as Vin Group’s projects in international school, hospital, luxury accommodation and Automobike, Aeon’s shopping mall, Hilton Hotel, etc. to serve the growing business community and opportunities in the region.

“Hải Phòng had convenient infrastructure and was active in institutional reforms, which were plus points in attracting investors,” Vũ Tiến Lộc, Chairman of the Việt Nam Chamber of Commerce and Industry, said.

Many companies have found their way to the north, making Hải Phòng one of the fastest-growing cities in Việt Nam. Municipal People’s Committee chairman Nguyen Van Tung attributed the positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects.

Many international enterprises have decided to set up new factories in the city’s industrial zones, where prime industrial land is available adjacent to the new developments, benefitting from the highly improved maritime access and other trump cards of the region, such as the economic zone tax package, abundance of competitive cost of labour, reliable power and proximity to China. 

FOSERCO Vietnam, is founded by the a Former-Official of Government who having many years of experiences in the field of foreign trade and foreign relations, which will help foreign investors to save cost and time to decide to invest in Haiphong City.

For further information, please contact:

FOSERCO Vietnam Co., Ltd
Office: 11F, VCCI Tower, 464 Lach Tray, Haiphong
Tel: (+84) (0) 828 508 430
Email: buz@foserco.com