Lan Ha Bay in Cat Ba island (Photo: VNA) Hai Phong (VNA) – As the largest sea port in Vietnam’s northern region, Hai Phong city boasts huge potential for maritime economic development, especially sea and island tourism. The city’s administration has designated Bach Long Vy island district and Cat Ba and Do Son tourism sites as major attractions in its tourism development plan. Vice Chairman of the People’s Committee of Cat Hai island district Hoang Trung Cuong said tourism accounts for about 70 percent of state budget collection of the locality, while creating jobs for 5,000 workers. Tourism is now the driving force of the island district’s economic development. The inauguration of the Dinh Vu-Cat Hai bridge in 2018 has helped to reduce travel time from central Hai Phong to the district’s Cai Ba tourism town, creating a momentum for tourism. About 2.5 million visitors travelled to Cat Ba in the year, out of the total 7.8 million visiting … [Read more...] about Hai Phong city taps sea, island tourism development
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Strong FDI flows poured into Hai Phong, Hai Duong
Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month (Photo: VNA) Hanoi (VNA) – Northern Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month, with a combined investment of over 850 million USD. The Hai Phong People’s Committee recently licensed a 500 million USD increase in FDI into an organic light emitting diode (OLED) display production and outsourcing project by the Republic of Korea’s (RoK) LG Display Co. Ltd. The project, which was initially worth 1.59 billion USD, received approval to be built on a 54ha site at the Trang Due Industrial Zone in Hai Phong in April, 2016. It included the construction of a factory producing OLED panels for TVs, mobile phones, smart watches, and tablets; as well as 13 residential buildings that can accommodate up to 12,000 workers at the industrial park. Put into operation last year, the project is … [Read more...] about Strong FDI flows poured into Hai Phong, Hai Duong
Hai Phong sets FDI attraction as important goal
Illustrative image (Source: VNA) Hai Phong (VNA) – Foreign direct investment attraction has been an important part of the northern port city of Hai Phong’s development strategy for years. With convenient road, railway, waterway and aviation transportation, Hai Phong is a major economic hub of the north. To fully tap its potential, Hai Phong established an export processing zone on 150ha in 1993, now known as Do Son industrial park, and founded Nomura industrial park in 1994. Nomura – Hai Phong industrial park (IP) is a joint-venture between Hai Phong city and Japan’s Nomura Group and was one of the first IPs established nationwide. To date, it has attracted 60 investors and generated jobs for nearly 20,000 workers. Following the success of Nomura IP, Hai Phong has formed other economic and industrial parks such as Dinh Vu – Cat Hai IP, the urban, industrial and service zone VSIP Hai Phong and Trang Due IP. As of July 2018, the city … [Read more...] about Hai Phong sets FDI attraction as important goal
Ha Long-Hai Phong expressway opens to traffic
17:16 | 01/09/2018 VGP – The Ha Long-Hai Phong expressway, opened to traffic on September 1, helps shorten travel time from Ha Noi to Quang Ninh down to 1.5 hours from the current 3.5 hours. The lauching ceremony of the Ha Long–Hai Phong expressway on September 1, 2018. Photo: VGP The US$ 556 million road is connected to the Ha Noi-Hai Phong expressway, reducing Ha Long-Ha Noi commute by 50 km to 130 km, and the Ha Long-Hai Phong route from 75 km to just 25 km. The 24.6-kilometer Ha Long-Hai Phong Expressway also connects National Highway 18 in Ha Long's Dai Yen Ward with the Ha Noi-Hai Phong Expressway in Hai Phong's Hai An District. The new expressway helps reduce travel time from Ha Noi to Quang Ninh to 1.5 hours. Photo: VGP Also built is a VND7.661- billion bridge across the Bach Dang River between Quang Ninh and Hai Phong. The 5.4-km bridge, with a 3.5-km span above the river, has a width of 25 meters (82 feet) and four lanes. Speaking at … [Read more...] about Ha Long-Hai Phong expressway opens to traffic
Hai Phong marks Vietnam-Singapore diplomatic ties
Vice Chairman of the Hai Phong People’s Committee Nguyen Van Thanh speaks at the ceremony on August 30 (Photo: VNA) Hai Phong (VNA) – The northern port city of Hai Phong hosted a ceremony on August 30 to celebrate the 45th anniversary of Vietnam-Singapore diplomatic ties (August 1, 1973). The event was co-held by the city’s Vietnam-Singapore Friendship Association and the Vietnam Union of Friendship Organisations’ Hai Phong chapter. In his remarks at the event, Vice Chairman of the Hai Phong People’s Committee Nguyen Van Thanh thanked the Government and people of Singapore for their valuable and effective support for Hai Phong, and Vietnam in general. Singapore holds with the largest number of FDI projects in Hai Phong, operating some 30 projects worth a total of nearly 700 million USD. Chief among these is the Urban, Industry, and Services Vietnam-Singapore Industrial Park Hai Phong which has attracted a number of multinational corporations such as … [Read more...] about Hai Phong marks Vietnam-Singapore diplomatic ties