Hai Phong City has just awarded investment certificates to 12 projects with a total capital of 1.8 billion USD.

The conference to award Investment Registration Certificates for projects in economic zones (EZs) and industrial parks (IPs) in the city took place on the afternoon of November 14.

At the conference, Hai Phong City People’s Committee awarded investment registration certificates to 4 new investment projects and 8 typical expansion investment projects in November 2024. With a total investment capital increase of 1.8 billion USD, the city expects labor demand in the coming years to be about 17,000 people.

Among the projects receiving investment certificates is LG Group’s expansion investment project in Trang Due industrial park when increasing capital from 4.65 billion USD to 5.65 billion USD. This is also one of LG’s largest investment projects in Vietnam with 8 consecutive years of scale expansion, creating jobs for more than 22,000 people, contributing an average budget of 1,000 billion VND per year.

In recent years, the socio-economic development rate of Hai Phong City has always maintained a high level of socio-economic development, the average GRDP growth has always reached over 11% per year. In the first 9 months of this year, Hai Phong continued to achieve GRDP growth of 9.77%. In particular, attracting foreign and domestic investment plays a significant role and has a great impact on the City’s socio-economic development, said Mr. Le Trung Kien, Head of Hai Phong Economic Zone Management Board.

From January 2021 until now, the city’s investment attraction has reached 14.5 billion USD, equal to 74% of the period 1993-2020, attracting an average of 3.6 billion USD per year. Prominent projects are LG Group, SK Group, Vinfast Automobile Manufacturing Complex project…

As of October this year, Hai Phong attracted 1.87 billion USD. It is expected that this year, the city will attract about 4.7 billion USD of FDI capital.