A series of European businesses want to invest in Hai Phong

On August 26, Hai Phong City People's Committee held a meeting to work with the European Business Association in Vietnam (Eurocham).

Mr. Nguyen Van Tung - Chairman of Hai Phong City People's Committee affirmed his desire to attract investors from Europe in general and Eurocham’s investors in particular to Hai Phong.

In particular, European countries have strengths in areas such as digital technology, green economics, circular economy, smart port logistics; emerging specialized technologies such as artificial intelligence, big data, automation, renewable energy, clean technology, waste treatment, …

Besides, Hai Phong also wants the two sides to promote investment cooperation, and establish innovation, research, and development of (R&D) Centers to attract high-quality labor to work. The partnership will also create spillover effects, increasing the attractiveness of high-tech industrial production projects.

At the same time,  the two sides will promote cooperation in the development of the logistics industry and modern industrial infrastructure to promote the advantages of Port City.

Mr. Alain Cany - Chairman of Eurocham and representatives of more than 50 Eurocham member enterprises and several European businesses highly appreciated the potential advantages, and strategic orientations of the socio-economic development of Hai Phong. 

EuroCham President said that in Hai Phong, there are currently 21 businesses that are members of Eurocham, after the meeting will open up many attractive cooperation opportunities between the parties.

On this occasion, EuroCham members would like to study the market and investment environment in the North, specifically, the investment environment in Hai Phong. They hope to receive many incentives from Hai Phong city and can become a major partner.

After answering and clarifying the concerns of businesses in the process of researching and investing, the leaders of Hai Phong city commit to always giving maximum support and a solid fulcrum, a trusty companion. They also commit to accompanying investors and businesses in the process of research, survey, investment proposal, and in production and business activities in the locality.

Recently, Hai Phong city has always been at the top of localities in attracting foreign direct investment (FDI) through promotion and advertising activities.

Currently, the city has 827 valid FDI projects, with a total registered investment capital of nearly $24 billion by investors from 42 countries and territories.

There are 64 FDI businesses from European countries with total investment capital of $932.1 million. In industrial zones and economic zones, there are 16 businesses with foreign direct investment capital from European countries, implementing 20 investment projects with a total investment capital of $727.2 million.