Hai Phong Welcomes Over USD 3.5 Billion in DDI and FDI Investments
VNHIIC
Ngày
18/01/2025
On January 16, 2025, Hai Phong City granted investment registration certificates for 11 projects, marking a significant milestone in its economic development. These projects collectively amounted to over USD 3.5 billion, including five domestic direct investment (DDI) projects worth VND 79,425.52 billion (approximately USD 3.394 billion) and six foreign direct investment (FDI) projects valued at USD 125.65 million.
Among the DDI projects, the standout was the Trang Cat Urban and Services Area Project by Trang Cat Urban Development Co., Ltd., which raised its investment capital by VND 62,746 billion, bringing its total investment to VND 69,087 billion (around USD 2.95 billion). This expansive project spans 584.94 hectares in Trang Cat Ward, Hai An District, situated within the Dinh Vu - Cat Hai Economic Zone.
Other notable DDI projects included:
- Nomura - Hai Phong Industrial Park (Phase 2): With a total investment of VND 2,782.72 billion, this project spans 197.16 hectares in the wards of An Hung, An Hong, and Dai Ban (Hong Bang District). It is being developed by Hai Phong International Industrial Park Joint Stock Company, aiming to expand industrial capacity in a strategic area of the city.
- Vinh Quang Industrial Park (Phase 1): Covering 226.01 hectares with an investment of VND 3,550.804 billion, this project is spearheaded by Idico Vinh Quang Joint Stock Company. Located in Vinh Quang, Cong Hien, and Thanh Luong Communes in Vinh Bao District, it is expected to attract various industries and bolster the local economy.
- Trang Due 3 Industrial Park: Developed by Saigon - Hai Phong Industrial Park Joint Stock Company, this project represents a significant investment of VND 8,094.4 billion. Spanning 652.73 hectares across Truong Tho, Truong Thanh, An Tien, and Bat Trang Communes (An Lao District), it aims to create a new industrial hub within the region.
- Nam Trang Cat Industrial Park: With an investment of VND 2,252.671 billion, this project covers 200.39 hectares in Trang Cat Ward, Hai An District. Led by Vinhomes Industrial Park Investment Joint Stock Company, it aims to provide modern infrastructure for various industrial operations.
In the FDI sector, six projects were approved, with the largest being a USD 60 million automobile parts manufacturing facility by Trakmotive Global Industrial Inc. This project, based in Nam Dinh Vu Industrial Park, will specialize in producing and distributing automotive components, including driveshafts and wheel shafts. Additionally, Hogetsu Vietnam Co., Ltd. is investing USD 12.4 million to manufacture agricultural and forestry machinery in Nam Dinh Vu Industrial Park (Zone 2). Another key investment is a USD 12.5 million project by Ascent Vietnam Co., Ltd., which will produce raw materials for food and beverage processing in DEEP C 2B Industrial Park. Lastly, LG Electronics Vietnam Hai Phong Co., Ltd. is expanding its operations with a USD 40.75 million investment to produce electronic components for household devices.
These investments demonstrate Hai Phong’s strong appeal as a destination for both domestic and international investors. The city’s strategic location, advanced infrastructure, and supportive policies continue to make it a hub for industrial and economic growth. By attracting over USD 3.5 billion in early 2025, Hai Phong is poised to strengthen its position as a key driver of Vietnam’s economic development, paving the way for future opportunities in technology, urbanization, and job creation.
Source: Vietnam Investment Review
