Hai Phong lists 137 mega projects for foreign investment in industrialization spree

By Do Hoang, Huong Dung
Tue, June 27, 2023 | 3:48 pm GMT+7

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 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.

Comments (0)
  • Read More
Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares

Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares

Tran Phuong Ngoc Thao, vice chairwoman of Phu Nhuan Jewelry JSC (PNJ), has registered to purchase 4 million PNJ shares between December 18 and January 16, 2025.

Finance - Sun, December 15, 2024 | 10:20 am GMT+7

Exchange rate to cool down, deposit interest rates to inch up by year-end: broker

Exchange rate to cool down, deposit interest rates to inch up by year-end: broker

While the VND/USD exchange rate may cool off toward the VND25,000 mark, interest rates on savings could see modest increases over the rest of the year, broker MB Securities (MBS) said in its latest macroeconomic report.

Banking - Sun, December 15, 2024 | 10:03 am GMT+7

US policy changes likely to impact Asia and Pacific growth

US policy changes likely to impact Asia and Pacific growth

Asia and the Pacific’s economic growth will remain steady this year and next, but expected U.S. policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer-term outlook, write Asian Development Bank (ADB) analysts in the latest edition of Asian Development Outlook (ADO).

Consulting - Sun, December 15, 2024 | 8:00 am GMT+7

Vietnamese hospitality firm Vinpearl seeks to mobilize $197 mln before stock relisting

Vietnamese hospitality firm Vinpearl seeks to mobilize $197 mln before stock relisting

Vinpearl JSC, the hospitality arm of Vietnam's leading private conglomerate Vingroup, will offer more than 70 million shares to the public at VND71,350 apiece, for proceeds of over VND5,000 billion (nearly $197 million).

Finance - Sat, December 14, 2024 | 10:12 pm GMT+7

Vietnam has 174 FDI projects in semiconductor sector: minister

Vietnam has 174 FDI projects in semiconductor sector: minister

Vietnam is now hosting 174 foreign-invested projects in the semiconductor sector, with a total registered capital of nearly $11.6 billion, according to Minister of Planning and Investment Nguyen Chi Dung.

Industries - Sat, December 14, 2024 | 4:47 pm GMT+7

‘Euro’ leads Vietnam’s most trending Google search in 2024

‘Euro’ leads Vietnam’s most trending Google search in 2024

Google has released its “Year in Search” list for 2024, with "Euro" emerging as the most trending search term among Vietnamese internet users.

Society - Sat, December 14, 2024 | 3:35 pm GMT+7

Vietnam Airlines posts first profit in 4 years, record revenue since listing

Vietnam Airlines posts first profit in 4 years, record revenue since listing

National flag carrier Vietnam Airlines JSC is estimated to earn VND6.26 trillion ($246.57 million) in pre-tax profit in 2024, marking its first return to profitability since 2020.

Companies - Sat, December 14, 2024 | 2:56 pm GMT+7

Fraud in coconut growing area codes must be strictly addressed: Vina T&T Group exec

Fraud in coconut growing area codes must be strictly addressed: Vina T&T Group exec

The buying and selling of growing area codes in the coconut sector are severely damaging Vietnam's reputation and competitiveness, says Nguyen Phong Phu, deputy technical director of Vina T&T Group.

Companies - Sat, December 14, 2024 | 12:11 pm GMT+7

KKR's investment portfolio features 4 firms in Vietnam

KKR's investment portfolio features 4 firms in Vietnam

American global investment firm KKR currently has investments in four Vietnam-based companies, namely EQuest Education Group, KiotViet, Saigon Medical Group, and Vinhomes.

Investing - Sat, December 14, 2024 | 7:56 am GMT+7

Vietnam Aeon's second most important market: exec

Vietnam Aeon's second most important market: exec

Vietnam is retail giant Aeon's second most important market, after Japan, says Kazaoka Takao, chief merchandising officer at Aeon Vietnam.

Companies - Fri, December 13, 2024 | 11:18 pm GMT+7

Thai gov't collaborates with Google to combat cyber threats

Thai gov't collaborates with Google to combat cyber threats

The Thai government has intensified efforts to combat severe cyber threats, particularly malicious applications that siphon funds from users' accounts.

Southeast Asia - Fri, December 13, 2024 | 10:25 pm GMT+7

S&P affirms Thailand's BBB+ credit rating with stable outlook

S&P affirms Thailand's BBB+ credit rating with stable outlook

S&P Global Ratings has reaffirmed Thailand’s sovereign credit rating at BBB+ with a stable outlook.

Southeast Asia - Fri, December 13, 2024 | 10:20 pm GMT+7

USD price likely to hit VND25,450 by Q2/2025: StanChart

USD price likely to hit VND25,450 by Q2/2025: StanChart

Standard Chartered forecasts Fed rate cuts, which should lead to a softer-USD bias over the next few quarters, will result in the exchange rate of USD/VND at 25,250 by the end of 2024 and 25,450 by Q2/2025.

Economy - Fri, December 13, 2024 | 10:03 pm GMT+7

ThaiBev earns $1.71 bln revenue from Vietnam in fiscal year 2024

ThaiBev earns $1.71 bln revenue from Vietnam in fiscal year 2024

Thailand’s largest beverage firm Thai Beverage (ThaiBev) earned a revenue of THB58,319 million ($1.71 billion) in Vietnam in fiscal year 2024 (ending September 30, 2024), down 2.7% year-on-year.

Companies - Fri, December 13, 2024 | 6:59 pm GMT+7

56.1% of Japanese firms target expansion in Vietnam: survey

56.1% of Japanese firms target expansion in Vietnam: survey

As many as 56.1% of Japanese firms aim to expand their activities in Vietnam in the next one to two years, reflecting their stable business confidence, according to a survey of the Japan External Trade Organization (Jetro) for fiscal year 2024.

Economy - Fri, December 13, 2024 | 6:51 pm GMT+7

Former Prime Minister Nguyen Xuan Phuc disciplined

Former Prime Minister Nguyen Xuan Phuc disciplined

The Politburo, Vietnam’s supreme decision-making body, on Friday issued warnings to former PM Nguyen Xuan Phuc and former Deputy PM Truong Hoa Binh, while reprimanding Truong Thi Mai, former Secretary of the Party Central Committee, for their violations while on duties.

Politics - Fri, December 13, 2024 | 4:33 pm GMT+7