Turning investment into production capacity
Hai Phong has achieved positive results in attracting investment but needs to accelerate project implementation to quickly turn capital into production capacity and a driver of growth.
Broader industrial development space
In the first eight months of 2026, Hai Phong attracted nearly USD 3.474 billion in foreign investment, 1.75 times the figure recorded in the same period last year, exceeding the scenario and reaching 84.6% of the year’s plan. Of this, economic zones and industrial parks lured more than USD 3.143 billion. The result continues to affirm the city's appeal to investors.
In the long term, room for industrial growth will be determined by the ability to prepare land and infrastructure to accommodate new projects. In the first eight months, the city established five industrial parks and broke ground on eight others with a combined area of more than 2,047 ha and total investment of about VND 33,526 billion. This represents an important land fund for accommodating production projects in the coming years.
According to the Hai Phong Economic Zone Authority, the city currently has 16 industrial park infrastructure projects under construction, including many key projects. In addition, seven other projects are undergoing investment preparation procedures, with a combined scale of more than 1,600 ha and investment of about VND 25,500 billion.
Among the projects under construction, the 245-ha Hoang Dieu Industrial Park in Gia Phuc Commune has total investment of nearly VND 3,400 billion. It is invested in by Hoang Dieu Industrial Park Infrastructure Development JSC, a member of Hoa Phat Group.
To date, the project has completed site clearance for 82.2 ha, with total compensation of nearly VND 444 billion; construction of technical infrastructure in the first phase has reached about 5%. Relevant units are preparing to clear an additional 40 ha in September and October 2026.
The volume of projects under implementation and investment preparation opens up significant room for industrial development in Hai Phong. At the same time, it places greater demands on site clearance, procedure handling and progress management.
Shortening project implementation time
To bring industrial park infrastructure and production projects into operation sooner, the city is stepping up the implementation of Resolution No. 11-NQ/TU. City leaders regularly visit project sites, inspect construction works, and work with local authorities and investors to resolve obstacles.
Regular direction and urging have brought about changes in many localities. By the end of August 2026, An Phong Ward had completed site clearance for four key projects. Among them, technical infrastructure projects for Le Thien - Dai Ban Industrial Cluster and Ring Road 2 completed site clearance nearly one month ahead of schedule. This result enables investors to begin infrastructure development sooner, creating conditions for attracting secondary projects, building factories and organizing production.
The Standing Committee of the Hai Phong Party Committee requires the development of a seamless process for handling project procedures from investment preparation through completion and commissioning, clearly defining the time, agency and responsibility at each stage.
The city authorities have also developed a shared project progress monitoring system with an early-warning mechanism for risks of delay and overdue deadlines; classified key projects for direct resolution of obstacles and resolutely said no to investors lacking sufficient capacity.
The 2026 GRDP growth target of 13%, with the industrial and construction sector aiming for a 17.41% growth rate in the third quarter, requires projects to be further accelerated. Early completion of works, early operation of factories and additional output are the substantive measures of the effectiveness of investment attraction.
LE HIEP