Hai Phong accelerates investment attraction to industrial parks and economic zones

To achieve the above target, Hai Phong is focusing on accelerating investment procedures and promoting production and business activities.

Positive signals

As one of the earliest investors in Nomura Industrial Park (now known as the Japan–Hai Phong Industrial Park), Citizen Machinery Vietnam Co., Ltd. has recently inaugurated its Phase 4 factory expansion. According to Hirotaka Maruyama, General Director of Citizen Machinery Vietnam, putting the new factory into operation will help strengthen the industrial foundation, achieve the Citizen Group’s mid-term revenue target of 100 billion yen, and contribute to Hai Phong’s economic growth as expected.

After nearly 30 years of development, the Japan–Hai Phong Industrial Park (under Hai Phong International Industrial Park JSC) has reached a 98% occupancy rate with 50 projects, mainly from Japan. In early 2025, Deputy Prime Minister Tran Hong Ha signed Decision No. 1709 approving the investment policy for the construction and infrastructure business project of Nomura – Hai Phong Industrial Park Phase 2, covering 197.16 hectares with a total investment of VND 2,782.72 billion. Mr. Nguyen Nang Dan, General Director of Hai Phong International Industrial Park JSC, said the project broke ground on December 19, 2025. The company is now closely coordinating with local authorities to expedite site clearance and infrastructure construction, striving to soon welcome new production projects and contribute to the city’s overall growth.

Alongside efforts to attract investment into industrial parks and economic zones, the city is accelerating new industrial park and economic zone projects. In mid-January 2026, the city broke ground on three key industrial park infrastructure projects with a combined investment of nearly VND 20,000 billion, including Tien Lang 1 Industrial Park, Vinh Quang Industrial Park (Phase 1), and Tien Lang Airport Industrial Park – Zone B.

On February 12, 2026, the city received further positive news as the Prime Minister issued Decision No. 288 establishing the Hai Phong Specialized Economic Zone, covering approximately 5,300 hectares, creating a new institutional foundation to attract high-tech, logistics, and modern service projects. At the same time, the city is urgently finalizing planning procedures, sub-zoning, and special mechanisms for the Southern Coastal Economic Zone, covering about 20,000 hectares.

Accelerating new economic and industrial zones

In 2026, Hai Phong aims for a Gross Regional Domestic Product (GRDP) of VND 506,390 billion, up 13% compared to 2025. To achieve this goal, the city has set a target of attracting at least USD 900 million in foreign direct investment (FDI) in the first quarter and between USD 3.8 billion and USD 4.3 billion for the entire year.

The city will focus on investment promotion, maximizing the potential, advantages, and special mechanisms of the Southern Coastal Economic Zone and the Free Trade Zone. It will continue to develop breakthrough policies and solutions to fully tap its strengths and create a truly attractive and distinctive investment environment compared to other localities and regions. At the same time, it will accelerate infrastructure construction for 20 new industrial parks and effectively implement Decision No. 288 on the establishment of the Hai Phong Specialized Economic Zone.

According to Mr. Pham Van Thep, Head of the Hai Phong Economic Zone Authority, the agency playing a key advisory role to the City Party Committee, People’s Council, and People’s Committee, will prioritize concretizing special mechanisms for the Southern Coastal Economic Zone and the Free Trade Zone model. Key focuses include synchronizing core infrastructure such as power supply, transport, logistics, and seaports to reduce costs for investors; enhancing the attractiveness of industrial parks by promoting port and logistics projects and key driver projects within the economic zone, especially berths No. 7 to No. 12 at Lach Huyen Port; and accelerating site clearance to be ready to welcome major investors as soon as land becomes available.

The authority also aims to mobilize maximum resources to support enterprises in commencing commercial operations in the early months of the year, applying a “partial acceptance” mechanism to promptly record industrial output contributing to GRDP from the first quarter of 2026.

In addition, the agency will focus on effectively operating digital infrastructure systems; implementing a “green lane” mechanism to further reduce processing time for simple administrative procedures; promoting regional linkages and domestic supply chains; and strengthening dialogue and partnership with investors.

Ha Minh