Largest northern port city attracts US$3.4 billion in FDI in 2023

Dinh Vu Port in Hai Phong city. (Photo: baodautu.vn)

Currently, there are 933 valid projects operating in Hai Phong with a total investment capital of US$28.9 billion, said Le Gia Phong, head of the local statistics agency.

Phong attributed the encouraging result to the city’s improved business investment environment and infrastructure system, along with the effectiveness of a series of investment promotion activities.

In 2023, the city licensed 100 newly registered projects valued at US$1.3 billion and 46 adjusted projects with an additional investment capital of more than US$1.9 billion.

Of the total, local industrial parks and economic zones contributed 35 projects with a total investment capital of US$1.8 billion.

In recent years, the local infrastructure system, especially international seaports, highways, and its Cat Bi airport, has been invested heavily, creating breakthroughs in transport connectivity.

Cat Bi International Airport has been renovated and upgraded with a capacity of 4 million passengers a year. The city is going to break ground for Terminal 2 this year.

Also according to the municipal statistics agency, the city’s gross regional domestic products (GRDP) expanded by 10.34% in 2023, ranking fifth in the country and second in the Red River Delta./.