Hai Phong’s economic zones attracting large-scale investment

Many projects in northern Hai Phong city’s economic zones welcomed large-scale investments in the opening month of 2022, contributing to the city’s socio-economic development.

The Hai Phong Economic Zone Authority (HEZA) officially presented investment registration certificates on January 24 to five projects with total investment of $229 million. Three are FDI projects: the Chilisin Electronics Manufacturing Center project at VSIP Hai Phong, with total investment of $170 million, the ECPVN Hai Phong 1 Logistics Center project at the DEEP C2B Industrial Park, with $35 million, and the JD Property (Vietnam) Logistics Park Hai Phong 1 project, with $32 million.

Two were domestic investment projects, including construction of a factory for the production of corrugated iron and steel products at the Nam Dinh Vu Industrial Park, with total investment of VND1.48 trillion ($63.6 million), and the Statistical Process Control (SPC) manufacturing factory project at the Non-Tariff Zone and Nam Dinh Vu Industrial Park (Zone 1) with VND600 billion ($26.4 million). “The awarding of the five investment registration certificates is the beginning of the journey towards the goal in 2022 of attracting $2.5-3 billion into Hai Phong’s economic zones,” said Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board.

According to Mr. Leo Uyen Hoan, Deputy General Director of Chilisin Electronics (Vietnam), the support of the Vietnamese Government in investment incentive policies along with the security and safety of the social environment and the business and investment environment in Hai Phong is a solid basis for enterprises to decide on investing and expanding production scale.