Hải Phòng moves to attract $2-2.5 billion in FDI in 2024

DEEP C Hải Phòng Industrial Zone I in Đình Vũ-Cat Hải Economic Zone, Hải Phòng City. — Photo tapchicongthuong.vn

HẢI PHÒNG — Industrial parks and economic zones in the northern port city of Hải Phòng strive to attract US$2-2.5 billion in foreign direct investment (FDI) in 2024, according to the city’s Economic Zone Management Board.

Head of the board Lê Trung Kiên said that the city would prioritise big investors with high capacity, high and environmentally friendly technologies, commitments to transferring technology, and skilful workers.

It would seek investment in areas belonging to the city’s three economic pillars, namely seaport and logistics, hi-tech industry, and processing-manufacturing.

According to him, in the first half of January 2024, the city attracted $150 million in FDI.

In 2023, total investment in the city’s industrial parks and economic zones reached $4.5 billion, including $3.5 billion in FDI from 62 new projects and another 37 projects with increased registered capital.

Meanwhile, domestic direct investment (DDI) reached over $1 billion from 15 new projects, and another 15 projects with adjusted capital. — VNS