President Luong Cuong and delegates attend the Hai Phong Investment Promotion Conference

This statement was made by President Luong Cuong at the Hai Phong Investment Promotion Conference held in the framework of the Third Meeting of the APEC Business Advisory Council (ABAC III) in Hai Phong City.

The conference was a significant event to unlock investment potential and showcase the city’s enabling business environment to both domestic and foreign investors, particularly those from APEC economies. It also provided an opportunity for Vietnamese businesses to expand their engagement with the ABAC network and demonstrate Vietnam's active contributions to multilateral economic and trade cooperation within APEC.

A convergence of dynamic development drivers

According to President Luong Cuong, the event not only held significance for Hai Phong but also conveyed a strong message about Vietnam’s active integration, development aspirations, and commitments to investment climate improvement.

In the face of rapidly shifting geopolitics, technology, and investment climate, President Luong Cuong emphasized that quick adaptability and active innovation are essential for any economy. Hai Phong with its integrated ecosystem of seaports, industry, and smart cities, exemplifies these factors.

He added that Vietnam is currently one of Asia’s outstanding growth performers. In 2024, the country recorded a total trade value of over US$786 billion, placing it among the world’s top 20 trading nations. Vietnam is also an increasingly attractive investment destination and a vital link in global production and supply chains, with Hai Phong being the largest export gateway in northern Vietnam and playing an increasingly important role in the regional network.

Hai Phong City's Party Committee Secretary Le Tien Chau addresses the Investment Promotion Conference

President Luong Cuong welcomed investors from Asia, Europe, the Americas, and APEC economies who have chosen Hai Phong for their major projects, ranging from supporting industries, electronics manufacturing and high tech to innovation centers and smart logistics services.

The National Assembly’s passage of Resolution 226/2025/QH15 on special and breakthrough mechanisms and policies, particularly the pilot establishment of free trade zones, empowers Hai Phong to achieve breakthrough development, he said, affirming that the Party and Government are committed to maintaining a stable, transparent, and predictable investment environment, protecting investors’ legitimate rights and interests, and inviting businesses and investors to cooperate and grow together with Hai Phong.

According to Mr. Pham Tan Cong, President of the Vietnam Chamber of Commerce and Industry (VCCI), Hai Phong has left a significant impression on Vietnam’s economic map in recent years. With an average annual GRDP growth rate of over 13%, the city has established itself as a key growth engine in both the northern key economic region and the country at large.

As one of Vietnam’s leading centers of economy, industry, and seaports, Hai Phong, with its strategic location, increasingly complete infrastructure, and open investment policies, is becoming a more attractive destination for both domestic and foreign investors.

“VCCI is committed to working alongside localities like Hai Phong to attract high-quality investment capital, develop effective public-private partnerships, and foster innovation and sustainable development,” he emphasized.

Major projects in the pipeline

During the conference, Hai Phong granted investment licenses to 32 projects and signed seven memoranda of understanding (MOUs), with a total pledged capital of over US$15.6 billion. This laid a solid foundation for the city’s breakthrough development in the near future.

In particular, notable projects include infrastructure development projects in Tan Trao Industrial Park (IP), Ngu Phuc IP, Thuy Nguyen IP and Tran Duong - Hoa Binh IP, Tien Lang Airport, Binh Giang IP, Hoang Dieu IP, Kim Thanh 2 IP, and various component projects in industrial parks. With a total investment fund of nearly US$10 billion, these projects are expected to form modern, high-tech industrial clusters that generate tens of thousands of jobs and drive socioeconomic development across the city.

Delegates show interest in the publications displayed at the Vietnam Business Forum’s booth

Additionally, investment projects for Berths 9, 10, 11, and 12 of Lach Huyen Port, with a total investment value at roughly US$1 billion, will enhance Hai Phong’s cargo handling capacity and reinforce its position as a regional logistics hub. High-tech FDI projects such as those by Shin-Etsu and MOUs on key transportation and urban infrastructure development projects, with a total capital of nearly US$5 billion, will open new and deeper cooperation opportunities between Hai Phong and its strategic partners.

Chairman of the People’s Committee of Hai Phong City Le Ngoc Chau affirmed: “Hai Phong City is committed to building an enabling and service-oriented administration that best supports the activities of investors and businesses. We will continue to invest a lot in strategic transport infrastructure, ensure administrative procedures are public and transparent, always use business satisfaction as a measure of public service effectiveness, and make sure that Hai Phong is a truly trusted partner for all investors now and beyond.”