Illustrative image (Photo: VNA)

The northern port city of Hai Phong remained the biggest magnet for foreign direct investment (FDI) inflows in the first 10 months of this year, attracting nearly US$3.1 billion, up 68% from the previous year, or It is the same, more than 153% of the annual target, declared the Head of the Municipal People’s Committee Office, Nguyen Ngoc Tu.

At the end of September, the Hai Phong Economic Zone Authority (HEZA) granted licenses to projects, with a total capital of nearly US$1.4 billion.

According to HEZA director Le Trung Kien, Hai Phong is expected to become a modern, smart and sustainable industrial city in Southeast Asia.

To attract new investors, the city has gathered all possible resources to establish the Hai Phong South Economic Zone and has embarked on the construction of new industrial zones as planned.

At the same time, it has continued to invest in transport infrastructure and seaports, along with a system of standard and modern warehouses prepared to meet the needs of investors.

The city is upgrading power grids to stably supply electricity to industrial parks and investors, accelerating the completion of social housing infrastructure to ensure stable accommodation for workers, and accelerating digital transformation to serve the public and businesses. companies.

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To achieve the goal of net zero greenhouse gas emissions by 2050, Hai Phong City has also put in place various mechanisms and policies to encourage businesses to switch to using new and renewable energy, biodegradable materials, circular economy, and establish Deep C ecological industrial zones.

At the end of September, the Hai Phong Economic Zone Authority (HEZA) granted licenses to projects, with a total capital of nearly US$1.4 billion

With concerted solutions and a commitment to creating the best conditions for investors and businesses, Hai Phong always opens its door to welcome them and is committed to becoming an ideal destination with all possible support for its most efficient operations, Kien said. .

To date, Hai Phong has attracted more than 1,000 FDI projects worth nearly US$28 billion, including 708 projects in industrial and economic zones.

Article republished from the Vietnamese state media VNA within the framework of an agreement between both parties to share content. Link to the original article:

Vietnam News Agency VNA

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