Hai Phong’s Special Policies and Infrastructure Push Draw $15.3 Billion in Investment

Highlights

Hai Phong has recorded one of the largest investment inflows in its history, securing nearly US$15.3 billion in new commitments and cementing its position as the leading industrial centre of northern Vietnam.

The total includes US$1.8 billion in foreign direct investment—around 94 per cent of the city’s FDI so far this year, equivalent to 37.5 per cent of its 2025 plan—and US$13.5 billion in domestic capital. By the end of August 2025, Hai Phong’s industrial parks and economic zones hosted 1,353 active projects with total registered capital of US$63.3 billion. Major international names such as LG (US$10.6 billion), Bridgestone (US$1.2 billion), Regina Miracle (US$1 billion) and Pegatron (US$900 million) are already established in the city’s high-tech and manufacturing sectors.

To sustain momentum, Le Trung Kien, head of the Hai Phong Economic Zone Authority, aims to attract a further US$3 billion in FDI during the final four months of 2025. The plan combines promotion campaigns in existing zones worth about US$1.4 billion, expansion projects of US$1 billion, conversion of signed commitments valued at US$500 million, and investor roadshows in South Korea, Japan, China and Singapore. New ventures on the horizon include the Trang Cat Urban and Service Area (around US$1.2 billion), an LNG-fired power plant (US$3–4 billion), and a cooperation deal with CTP Group, a European industrial-park developer.

The city’s rise has been enabled by deep-water port capacity, the Cat Bi International Airport, and upgraded transport links to Hanoi and other northern provinces. A further boost came when Vietnam’s National Assembly approved Resolution 226/2025/QH15, granting Hai Phong a set of special mechanisms and policies including incentives for a Free Trade Zone—a move expected to sharpen the region’s competitive edge.

Attention is now shifting to the Southern Coastal Economic Zone, a 20,000-hectare area earmarked for megaprojects such as the Tien Lang International Airport, the Nam Do Son deep-water port, and a new Free Trade Zone designed to attract investment in chips, semiconductors, and electronics. With 43 existing industrial parks covering 12,100 hectares—and new sites planned to the west—the city is easing land-use constraints while building local supply chains.

At July’s Hai Phong Investment Promotion Conference (ABAC III), Le Ngoc Chau, chairman of the city’s People’s Committee, said the southern coastal zone, next-generation Free Trade Zone and eco-industrial parks would form “a new industrial-services growth pole” for northern Vietnam.

With modern infrastructure, investor-friendly policies and a focus on sustainable, high-tech manufacturing, Hai Phong is positioning itself as one of Asia’s emerging industrial-logistics hubs. The city’s US$15.3 billion investment surge and its tailored policy framework mark the start of a promising new phase for Vietnam’s northern gateway.

Source: Vietnam Investment Review