HCMC – Officials from Haiphong and China’s Danzhou City have come together to enhance their seaport and logistics capabilities to foster mutual growth and cooperation.
A delegation from the management board of the Haiphong Economic Zone Authority met with officials from Danzhou City, Hainan Province, China on August 10.
Le Trung Kien, head of the board, provided an overview of Haiphong, emphasizing its strategic transportation advantages, including road, sea, rail, inland waterway and air connectivity.
Kien said that Haiphong, a northern port city, serves as a crucial economic growth center within the northern key economic region. He added that Haiphong’s strategic focus involves establishing an integrated free trade zone model that aligns with the development of an advanced logistics service hub within the city.
The city’s expansion plans encompass the development of 15 industrial parks spanning a vast area of 6,418 hectares, along with 23 industrial clusters covering a total of 973 hectares. By 2025, the city aims to establish an additional 15 industrial parks and 23 industrial clusters that adhere to modern standards.
In the first half of the year, foreign direct investment (FDI) into the city reached US$1.98 billion, up an impressive 165% compared to the same period last year and representing 99% of the annual target.
Currently, there are 872 active foreign-invested projects with a combined value of US$26.15 billion. Out of these, 146 projects originate from China, contributing a total of US$1.1 billion.
China ranks as the third-largest contributor among the 42 nations and territories investing in Haiphong in terms of project numbers and holds the sixth position in terms of investment capital.
Zou Guang, secretary of the Danzhou Party Committee and leader of the delegation, shared insights about Hainan’s Free Trade Zone and outlined potential areas for mutually beneficial cooperation.
