Hai Duong ‘crosses finish line’ early on 2025 Domestic investment target: Industrial Zone Dai An, Hai Duong. (Photo: MOIT)

According to the Hai Duong provincial Department of Finance, total registered domestic investment capital from the beginning of the year to April 15 reached VND 12.01 trillion, a 137% increase compared to the same period last year.

Of this, Hai Duong approved investment policies for 14 domestic projects with total registered capital of VND 8.643 trillion, up more than 40% compared to the same period in 2024 and exceeding the full-year plan by 1.01%. The province also approved capital increases for 41 existing projects, with additional capital totaling VND 3.368 trillion.

In the first four months of 2025, 723 new businesses were registered in Hai Duong with a total registered capital of VND 6.3636 trillion, marking a 21.3% increase compared to the same period last year.

The newly approved investment projects were mainly in sectors such as commercial services, industrial production, and industrial park infrastructure.

Notably, the Logistics Service Center Project—which includes an oil and goods port, fuel storage facilities, and a commercial service area in Minh Hoa commune (Kinh Mon)—was the largest domestic investment project in Hai Duong so far this year, with a preliminary total investment of VND 1.687 trillion.

In recent years, Hai Duong has consistently focused on improving industrial park infrastructure, creating a foundation for attracting investment and promoting economic growth. The province has also ramped up efforts to attract large-scale, high-tech projects while accelerating administrative reform to shorten investment licensing procedures and facilitate investor access.

Administrative procedure times in Hai Duong significantly shortened. Currently, the processing time for administrative procedures such as the issuance of new investment registration certificates has been shortened to 8 days—7 days less than the standard regulation—except for cases requiring higher-level approval. The time for handling procedures to amend investment registration certificates has also been reduced to 8 days, 2 days shorter than the regulated period.

The time for issuing construction permits for new projects has been cut to 15 days (a reduction of 5 days), while the time for issuing permits for repair and renovation projects has also been reduced to 15 days (5 days shorter). Similarly, the time to appraise feasibility study reports or amendments has been shortened to 17 days, down by 3 days.

Hai Duong has identified 2025 as a year of acceleration and breakthrough—aiming to successfully complete and exceed the key goals and targets set out in the 2021–2025 socio-economic development plan.

In its 2025 economic growth plan, Hai Duong targets attracting over VND 8.5 trillion in domestic investment—an increase of 5.6% compared to the total registered capital of newly approved projects in 2024.