Investment projects reinforce confidence in Hai Phong
Hai Phong grants investment approvals for three VSIP projects, expanding development space and reaffirming investor confidence
During a visit to the Punggol Waterway Terrace project in Singapore as part of the Vietnamese high-level delegation’s State visit to Singapore, Mr. Le Ngoc Chau, Member of the Party Central Committee and Secretary of the Hai Phong Party Committee, presented investment approval decisions for three projects to be implemented by VSIP in Hai Phong.
The three approved projects include: the Tien Lang 2 Industrial Park Infrastructure Development and Business Project (VSIP Hai Phong 2 – Phase 1), covering 252 hectares with a total investment of approximately USD 136 million; the Lakeside Garden Commercial Housing Project with total investment capital of USD 76.9 million; and the Victory–Mattar Residence Social Housing Project with total investment capital of approximately USD 66.3 million.
The approved projects span a range of sectors, from industrial park infrastructure to commercial and social housing. While Tien Lang 2 Industrial Park will create additional space to attract new manufacturing investment, the housing projects will help complete the city's urban ecosystem. This demonstrates that investors not only see opportunities in the present but also place strong confidence in Hai Phong’s long-term development prospects.
The granting of these investment approvals marks an important milestone in investment cooperation between Hai Phong and Singaporean partners, while further reinforcing the city’s growing attractiveness and position on both the national and international investment map.
From a traditional industrial city, Hai Phong has emerged as one of Vietnam’s most dynamic growth poles and a major industrial, logistics, and service center in Northern Vietnam. An increasingly integrated transportation network, connecting seaports, roads, railways, and air transport, has created a strong competitive advantage for the city.
Hai Phong is now home to one of the country’s largest industrial development scales, with three economic zones and one free trade zone covering a combined area of 47,840 hectares. The city has established 46 industrial parks with a total area of nearly 13,000 hectares and currently hosts nearly 1,500 active foreign direct investment (FDI) enterprises.
Importantly, Hai Phong’s attractiveness today extends beyond its strategic location as Northern Vietnam’s principal seaport gateway and its continuously improving infrastructure. Investors highly value the city’s transparent investment environment, ongoing administrative reforms, and the proactive support provided by local authorities. Many investors have stated that they choose Hai Phong not only for its geographical advantages but also for the efficiency, dynamism, and responsiveness of the city’s administration.
Hai Phong is increasingly building its competitive edge through governance quality and its ability to serve and support businesses. These factors are becoming ever more important as localities across the country continue investing heavily in infrastructure and incentive policies.
The city’s success in attracting a series of large-scale projects demonstrates that it is moving in the right direction. However, investment attraction is not the ultimate goal. More importantly, Hai Phong seeks to attract high-quality projects that apply advanced technologies, generate high added value, use resources efficiently, protect the environment, and contribute meaningfully to sustainable development.
To maintain its position as an attractive destination for both domestic and international investors, the city is committed to leveraging its existing strengths, accelerating administrative reforms, improving workforce quality, developing synchronized technical and social infrastructure, and creating an increasingly transparent, convenient, and competitive investment environment.
These newly approved projects once again demonstrate the confidence that the business community places in Hai Phong. They not only provide opportunities for the city to expand its development space and achieve its 2026–2030 growth objectives, but also serve as a driving force in strengthening Hai Phong’s role as a dynamic growth center for the Red River Delta and the nation as a whole.
Ultimately, attracting investment is about attracting confidence. And Hai Phong is steadily proving itself to be a land of confidence, opportunity, and development aspirations.
Nguyen Ha