Strategic destination in the new era

This is what Mr Bui Ngoc Hai, Deputy Head of the Hai Phong Economic Zone Management Board, would like to send to enterprises in the APEC region during the third APEC Business Advisory Council Meeting.

- In the context of APEC economies changing supply chains and transitioning to sustainable growth, what are the key aspects that confirm Hai Phong's industrial and economic zones will become crucial destinations for foreign investors, Sir?

Hai Phong City is drawing more foreign investors, not only because of its strategic location, modern infrastructure, and investment incentives but also because of its favourable investment climate and consistently improving service quality. Specifically, Hai Phong's industrial parks (IPs) and economic zones (EZs) are located at the heart of national and international routes that have been and are being developed, including Lach Huyen Port, Nam Do Son Port, Cat Bi Airport, Tien Lang Airport, highways, the Lao Cai - Hanoi - Hai Phong high-speed railway, and a favourable inland waterway system.

In terms of institutional framework, Hai Phong City provides remarkable investment incentives inside its economic zones. In addition, the city benefits from particular regulations as outlined in Politburo Resolution No. 45 on the establishment and development of Hai Phong City.

In terms of growth potential, Hai Phong City does have a coastline economic zone, which covers more than 20,000 hectares. This economic zone creates a new strategic space by focusing on being a green and smart economic zone, transforming the city's industrial parks and economic zones into growth drivers for the region in the next years.

Hai Phong has consistently ranked among the top ten provinces and cities in the country in terms of the Provincial Competitiveness Index (PCI), the Public Administration Reform Index (PAR Index), the People's Satisfaction Index with State Administrative Agencies (SIPAS), and the Provincial Green Index. Hai Phong dominated the national ranks in all of these indicators, particularly in 2024.

- Given the importance of green development and digital transformation for economies, what efforts has Hai Phong made to encourage investors in high technology, renewable energy, and clean industry to industrial parks and economic zones, sir?

Hai Phong City has taken the lead in changing and developing eco-industrial parks that use the circular economy, renewable energy (solar and wind), and improved waste treatment.

Hai Phong City is currently leading the way in converting two industrial parks into eco-industrial parks: Nam Cau Kien Industrial Park and Dinh Vu Industrial Park. Along with the rapid transition of previously formed industrial zones into eco-industrial parks, newly established industrial zones are also designed to meet eco-industrial park criteria, ensuring a leading position in the development of a green-smart industrial ecosystem. Up to now, the city has created two eco-industrial parks and one high-tech industrial park...

Hai Phong City also proposed pilot policies for a 5-year corporate income tax exemption and direct financial support for businesses in strategic fields such as semiconductors, artificial intelligence (AI), and R&D, as well as energy transition, which strongly encourages the transition from fossil fuels to cleaner energy.

- What opportunities will cooperation promotion during the ABAC III Meeting bring to Hai Phong in attracting investment into industrial zones and economic zones, sir?

In my opinion, this is an excellent opportunity to promote, introduce, and attract investment to Hai Phong City. This is an especially good chance to introduce and affirm the city's vision and strategy to foreign investors through particular, excellent policies that focus on serving businesses while reinforcing the city's vital role in guiding the region's growth during the nation's rise.

Furthermore, awarding investment certificates and signing investment memorandums of understanding worth more than USD 15 billion at the Hai Phong Investment Promotion Conference during the ABAC III Meeting not only boosts investment flows but also serves as a convincing testament to global investors about the city's first-rate investment environment.

Hai Phong City's investment promotion conference as part of the ABAC III Meeting seeks not only to attract investment but also to discuss and listen to varied perspectives from worldwide corporations, associations, and businesses in order to revise the city's development strategy for the new era.

Respectfully, thank you!