PM calls for more investment in Hai Phong

Tuesday, 2016-09-20 11:31:22
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PM Nguyen Xuan Phuc speaks at the conference. Photo: VGP
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NDO/VNA—Prime Minister Nguyen Xuan Phuc has called on investors to pour money into the northern coastal city of Hai Phong, especially in production, business, tourism and services.

>>> Hai Phong urged to become smart city with good living environment

Addressing an investment promotion conference in the city on September 19, the PM insisted that the Government would make every effort to stabilise the macro-economy, curb inflation and maintain economic growth with the aim of facilitating the long-term business of investors and enterprises in Vietnam.

He highlighted Hai Phong’s strengths for socio-economic development while praising the city’s great achievements in attracting investment—especially foreign direct investment (FDI).

The Government welcomed and appreciated investors’ business and investment in Hai Phong, he stressed, expressing his hope that investors would expand their activities in the city.

He added the Government and the municipal authority would work to protect the human rights, the legitimate rights and benefits and the assets of investors in accordance with Vietnam’s Constitution and law.

Attention would be also paid to training human resources, including both managers and skilled workers, to meet investors’ demand for a high-quality workforce, he affirmed.

He took the occasion to urge investors to implement licensed projects soon, and to pay attention to the environment and culture-related issues in the course of their investment.

Meanwhile, the city’s leaders committed to strongly improving the investment and business climate in order to attract more investors to the locale.

At the conference, the municipal People’s Committee announced a decision to set up an investment, trade and service promotion centre, which will serve as a bridge connecting the local authorities and businesses. The model is expected to help create a convenient and transparent investment climate for investors, promote administrative reform and deal with difficulties facing enterprises in the city.

On the occasion of the conference, representatives from the committee presented investment licences to LG Innotek Co., Ltd of the Republic of Korea and Flat Group of Hong Kong, which will respectively conduct a US$550 million project in the Trang Due industrial park (IP) to manufacture electronics and camera modules, and invest US$200 million in a solar-energy glass project in the Dinh Vu IP.

At the event, which was attended by representatives from nearly 200 domestic and foreign enterprises and investors, many groups and enterprises signed cooperation agreements on tourism and airline development, IP and transportation infrastructure construction.

As of September 12, Hai Phong has drawn in over US$2.7 million in FDI—five times higher than during the same period last year—becoming the leading locality nationwide in FDI attraction.