Haiphong seeks to attract more investors
The Haiphong Economic Zone Authority (HEZA) has announced its plan to lure a new wave of capital in 2016.
According to HEZA deputy head Mai Xuan Hoa, the northern city is targeting investments of US$1.8 billion from foreign firms and VND10 trillion (US$450 million) from domestic ones.
As such, speeding up land clearance for infrastructure construction at the Dinh Vu-Cat Hai economic zone is top of the agency’s agenda, Hoa said.
Meanwhile, investment promotions, including providing policy consultation and building a constantly updated database system, are also prioritised .
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| Part of the Dinh Vu-Cat Hai economic zone |
Administrative procedures will be further overhauled to cut red tape, thus shortening licencing time.
Hai Phong boasts a highly incentivised policy targeting investors and a convenient transport system, which includes the Tan Vu-Lach Huyen deep-water port, Cat Bi international airport and the Hanoi-Hai Phong motorway.
Hai Phong boasts a highly incentivised policy targeting investors and a convenient transport system, which includes the Tan Vu-Lach Huyen deep-water port, Cat Bi international airport and the Hanoi-Hai Phong motorway.
Currently, there are 203 foreign-funded projects operating in industrial parks and economic zones in Haiphong, with a total registered capital valued at more than US$7.9 billion. Domestic firms have thus far invested over VND46.8 trillion (US$2.1 billion) in 99 projects across the city.
