Hai Phong lists 137 mega projects for foreign investment in industrialization spree
In a massive industrialization push, the People's Committee of Hai Phong city has approved a list of 137 projects calling for foreign investment in the 2023-2025 period.
These include 16 industrial parks (IPs), nine logistics centers and 52 urban development areas.
Of the 16 IP development projects in the list, three in Tien Lang district have the largest land use area: Tien Lang 2 with 500-550 hectares; Tien Lang Airport with 450-550 hectares; and Tien Lang 1 with 407 hectares.
These are followed by three IPs in Vinh Bao district: Vinh Quang with 340-350 hectares; An Hoa with 200 hectares; and Giang Bien II with 350 hectares.
Thuy Nguyen, An Duong, An Lao and Kien Thuy districts boast two IP projects each, while Cat Hai and Hai An districts have one each.

The DEEP C Industrial Zones in Hai Phong's Dinh Vu-Cat Hai Economic Zone. Photo by The Investor/Do Hoang.
The seven industrial development areas seeking foreign investment are: Ben Rung (330 hectares); Southwest Cat Hai Island (700-720 hectares); Northern Lach Huyen (1,200-1,300 hectares); Cai Trap Island (100-110 hectares); Tran Duong-Hoa Binh (800-900 hectares); Trung Lap (500-600 hectares); and Tam Da (150-180 hectares).
Then there are 22 industrial cluster projects, the smallest of them being the Co Am trade village cluster (20-30 hectares) and the Dung Tien-Giang Bien industrial cluster (110-120 hectares) being the largest. The remaining projects have an average area of 50-100 hectares.
Among nine logistics development projects are the Lach Huyen logistics center located in Hai Phong international gateway port area (300-350 hectares), the Southern Do Son port logistics center (200-300 hectares) and the Kien Thuy logistics center (120 hectares).
Of the 52 urban development projects in the list, the largest is the 2,000-hectare Southeast Hai Phong urban area straddlining the two districts of Duong Kinh and Do Son.
Thuy Nguyen district takes the lead in urban area development with 10 projects, including one covering 400 hectares in Thuy Duong and Hoa Binh communes; and another with 120 hectares in Hoa Dong commune.
It is followed by An Duong district with eight projects, the largest of them being the 150-hectare Trang Due urban area in Le Loi commune.
Others urban areas in the list include: the 520-hectare Bang La urban area in Do Son district; Southern Cam River multi-functional smart ecological urban area in Hong Bang district; 118-hectare Cam riverside urban area and cultural-financial center complex in Ngo Quyen district; 200-hectare Nam Trang Cat urban area in Hai An district, and 170-hectare Phu Long urban and tourist service area in Cat Hai island district.
There are four tourism development projects inviting foreign investment including a tourism, sports and entertainment project in Do Son district (900-910 hectares) and a 340 hectare project to develop eco-tourism areas and urban resorts in association with hot mineral water spots in Khoi Nghia and Quyet Tien communes, Tien Lang district.
The other two tourism projects are the $20 million overseas passenger terminal in the Hai Phong International Gateway Port Complex; and the $30 million Song Gia Lake eco-tourism area in Thuy Nguyen district.
- Read More
S Korean firms pledge nearly $2 bln in new investments in Indonesia
South Korea's companies will increase their investment in Indonesia by $1.7 billion, Indonesian Economic Minister Airlangga Hartarto said on Monday after attending a meeting between a Korean business association and President Prabowo Subianto.
Southeast Asia - Thu, May 1, 2025 | 10:01 pm GMT+7
Malaysia develops sustainable semiconductor ecosystem
The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) on Monday announced a landmark MoU signed recently regarding the establishment of Bintang Semiconductor Impact Fund I (BSIF I).
Southeast Asia - Thu, May 1, 2025 | 9:59 pm GMT+7
Vietnam to become second-largest economy in Southeast Asia by 2036: CEBR
The Centre for Economic and Business Research (CEBR), in its report World Economic League Table 2022, forecasts that Vietnam will become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036.
Southeast Asia - Thu, May 1, 2025 | 9:42 pm GMT+7
Vietnam conglomerate Vingroup's Q1 revenue surpasses $3 bln for first time
Vingroup, Vietnam's leading private conglomerate, recorded revenue of VND84.05 trillion ($3.3 billion) in the first quarter of 2025, its record high.
Companies - Thu, May 1, 2025 | 3:44 pm GMT+7
Work starts on expressway connecting Vietnam's Central Highlands with southeastern region
Construction on Tuesday began on the first component of Gia Nghia town (the Central Highlands province of Dak Nong)-Chon Thanh town (the southeastern province of Binh Phuoc) section of the North-South Expressway.
Infrastructure - Thu, May 1, 2025 | 2:46 pm GMT+7
Final sections of central Vietnam’s longest sea-crossing bridge joined
Authorities of Hue city in central Vietnam on Wednesday held a ceremony to celebrate the joining of the final sections of Thuan An sea-crossing bridge, a landmark infrastructure project with significant implications for local development and tourism.
Infrastructure - Thu, May 1, 2025 | 2:35 pm GMT+7
Lach Huyen port will achieve 70% of year's target in worst-case scenario: exec
Lach Huyen deep-water port, the largest of its kind in northern Vietnam, would see its cargo volume decline by 30-50% if the U.S. maintains its 46% reciprocal tariff on Vietnam and the U.S.-China trade tensions escalate, said CEO of Port of Hai Phong JSC (Hai Phong Port) Nguyen Tuong Anh.
Companies - Thu, May 1, 2025 | 12:24 pm GMT+7
Taiwan electronics firm Lite-On to invest extra $25 mln for expansion in Vietnam
Taiwan-based Lite-On Technology Corporation, a world leader in optoelectronics and power management solutions, will invest an additional $25 million in Vietnam as part of its expansion plan in the Southeast Asian country.
Industries - Thu, May 1, 2025 | 12:13 pm GMT+7
Petrovietnam on track to restart $1.5 bln thermal power plant project in southern Vietnam
State-owned energy giant Petrovietnam is on track to resume the Long Phu 1 thermal power project, located in the Mekong Delta province of Soc Trang, after six years of suspension.
Energy - Thu, May 1, 2025 | 12:10 pm GMT+7
Vietnam's steel industry will see 'turning points': Hoa Phat CEO
The U.S. imposition of tariffs will not directly affect Vietnam's steel industry, while the industry is expected to record turning points as demand for infrastructure development surges, said Nguyen Viet Thang, CEO of Hoa Phat Group.
Companies - Thu, May 1, 2025 | 8:17 am GMT+7
Vietnam's leading property developer Novaland sets sights on strong recovery in 2025
Novaland, Vietnam's leading property developer, is setting its sights on a strong recovery in 2025, with plans to issue nearly 7,000 land-use right certificates and accelerate handovers in the fourth quarter.
Companies - Wed, April 30, 2025 | 3:12 pm GMT+7
Vietnam's private lender Eximbank aims for 23.8% growth in 2025 pre-tax profit
Eximbank, among the leading mid-sized banks in Vietnam, targets a consolidated pre-tax profit of VND5.2 trillion ($200 million), an increase of VND1 billion or 23.8% compared to 2024, marking the bank's record-high profit.
Banking - Wed, April 30, 2025 | 1:19 pm GMT+7
Japan's IHW eyes 2.5 ha, world-class hospital project in northern Vietnam
Japan's International Healthcare and Welfare Group (IHW) is keen on building a 2.5-hectare, world-class hospital in the capital city's North Hanoi Smart City area.
Industries - Wed, April 30, 2025 | 12:37 pm GMT+7
Vietnam's military-run telco giant Viettel builds one of Southeast Asia’s largest data centers
Military Industry and Telecoms Group (Viettel) has broken ground on a state-of-the-art data center in Ho Chi Minh City, set to become one of the largest in Southeast Asia and the first in Vietnam to have such a hyperscale capacity.
Industries - Wed, April 30, 2025 | 11:28 am GMT+7
Grand military parade, procession to celebrate Vietnam's 50th anniversary of National Reunification
A spectacular military parade and civilian procession took place along Le Duan Boulevard in District 1, Ho Chi Minh City on Wednesday to celebrate Vietnam's 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 - April 30, 2025).
Politics - Wed, April 30, 2025 | 11:05 am GMT+7
Vietnam PM requests more aircraft, LNG, agi import contracts with US in May
Prime Minister Pham Minh Chinh has requested relevant Vietnamese authorities to urgently negotiate and sign contracts in May for import of goods from the U.S., such as LNG, aircraft, medicine, and agricultural products, to ensure a sustainable trade balance.
Economy - Wed, April 30, 2025 | 10:25 am GMT+7