Strategic destination in a new era
With increasingly modern infrastructure, a steadily improving investment climate and a long-term development vision, Hai Phong is emerging as a strategic destination for investors.
Strong appeal driven by location and investment climate
The Hai Phong People's Committee has recently approved an investment policy for a next-generation logistics complex in the Southern Coastal Economic Zone, with total projected investment of more than 2.3 trillion dong and a planned area of 53.26 hectares.
The project is designed to become a modern cargo transshipment hub, directly linked to the seaport, airport and inland waterway network. Once operational, it is expected to enhance logistics capacity, reduce transport costs and create fresh momentum for growth in the southern part of the city.
Earlier, on March 13, 2026, the city approved the investment policy and investor for an LPG storage and port project on Cai Trap Island, within the Dinh Vu–Cat Hai Economic Zone.
According to the investment proposal, the project will require total investment of around 7.511 trillion dong, or roughly USD 294 million.
The facility is planned as a modern import and distribution hub for liquefied petroleum gas and is expected to be completed and operational by the third quarter of 2028.
The steady influx of large-scale projects in recent years has further underscored Hai Phong’s strong appeal to domestic and foreign businesses.
The presence of major investors from Vietnam and abroad reflects not only the city’s geographic advantages, but also its long-term vision in planning and infrastructure development.
According to Vu Ho Ninh, Northern Regional Director of Bee Logistics Corporation, the company’s decision to invest in a next-generation logistics project in Hai Phong was based on its assessment of the city’s development potential and strategic role in regional supply chains.
Its modern seaport system, convenient transport links and increasingly business-friendly environment were key factors in the company’s decision to make Hai Phong a long-term destination.
Bruno Jaspaert, General Director of DEEP C Industrial Zones, said strong support from the city government has been a key factor in enhancing the attractiveness of the local investment environment.
Significant improvements in administrative reform, shorter processing times and stronger support for businesses have helped build investor confidence in choosing Hai Phong as a base for production and business expansion.
Building a solid foundation for a strategic destination
Under Vietnam’s national development strategy, Hai Phong has been identified as one of the key growth poles in northern Vietnam and as the North’s main gateway for international trade.
Based on that role, the city aims to become one of the country’s leading economic centers and a modern port city at the forefront of industrialization, digital transformation, green transition and innovation.
To realize this vision, Hai Phong is committed to leveraging its strengths, advancing long-term and integrated planning, investing in strategic infrastructure and accelerating reforms to remain a strategic destination for investors in the new era.
According to Pham Van Thep, Head of the Hai Phong Economic Zone Authority, the city now possesses competitive advantages few localities in Vietnam can match.
These include its transport and seaport infrastructure, three economic zones covering a combined 47,840 hectares, and 45 industrial parks with a total area of nearly 13,000 hectares, including 20 newly established parks.
Hai Phong also boasts a complete electronics manufacturing ecosystem, with global corporations such as LG, Pegatron, Lite-On, Biel Crystal, Shin-Etsu, USI, Brother and Hyundai already operating in the city.
Hai Phong is also among a select group of localities granted exceptional policy mechanisms by the National Assembly and the government, including Resolution No. 226/2025/QH15, a specialized economic zone, a free trade zone, and the master plan for the Southern Coastal Economic Zone.
These frameworks provide incentives that are more attractive than those available in most other localities, particularly for high-tech, artificial intelligence, semiconductor and green energy projects.
Nguyen Ngoc Tu, Director of the Hai Phong Department of Finance, said Hai Phong aims to maintain double-digit economic growth of around 13% to 14% annually during the 2026–2030 period.
The city plans to mobilize around 2.4 quadrillion dong in total social investment to develop infrastructure, industry, services and modern urban areas.
It will focus on building strategic infrastructure, accelerating major transport projects, and expanding modern industrial parks linked to high-tech investment and sustainable development.
Hai Phong News