With modern industrial park and transportation infrastructure, Hai Phong is considered by many Korean investors.
On the afternoon of April 15, more than 200 investors and enterprises from Korea attended the Investment Promotion Conference, on the 30th anniversary of the establishment of Vietnam – Korea diplomatic relations.
Do Nhat Hoang, Director of Foreign Investment Department (Ministry of Planning & Investment), said that in 2021, Korea ranked second among 106 countries and territories in terms of total FDI investment in Vietnam. It is also a leader in new projects and capital adjustment projects.
With modern transport infrastructure and smooth connectivity, Hai Phong has attracted 171 FDI projects from South Korea with a total registered capital of about 9.56 billion USD, accounting for 36.6% of the total FDI invested in the city. Particularly in the Industrial Park, the Economic Zone attracted 102 projects with a total capital of $8.5 billion.
In particular, LG Group has invested $7.24 billion in Trang Tien Industrial Park, bringing jobs to nearly 25,000 employees, revenue in 2021 is estimated at $14.5 billion, budgeted more than $95 million.
Head of the Management Board of Hai Phong Economic Zone Le Trung Kien said that the city has built 13 industrial parks with a total area of 5,694 ha. Industrial parks have modern infrastructure and synchronous connections with the national transportation system through sea, rail, road, air and inland waterways.
According to the plan, by 2025, Hai Phong will open 15 more industrial parks with a total area of about 6,200 hectares; At the same time, it is committed to continuing to improve the business investment environment, focusing resources for infrastructure development both in transport, urban areas and tourism – services.
In 2021, the Covid 19 pandemic broke out, but Hai Phong’s Industrial Zones and Economic Zones still attracted $5.1 billion, topping the nation.