Administrative Reform Is Development Motivation

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On its progression from an agriculture-based province to an industrial one, Thai Binh province experienced enormous difficulties in investment attraction in the early stage. But, with infrastructure development, strong international economic integration process and lessons drawn in recent years, Thai Binh has sped up public administration reform and built more opening and friendlier investment environment to attract more domestic and foreign investors. In a meeting with Vietnam Business Forum … [Read more...]

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Hai Phong announces the Master Plan for construction of Dinh Vu – Cat Hai Economic Zone up to 2025

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On the morning of May 14th, at Haiphong City Convention Centre, Haiphong People's Committee in coordination with Ministry of Construction held a ceremony to announce the Master Plan for construction ofDinh Vu - Cat Hai Economic Zone of Hai Phong city till 2025. … [Read more...]

Construction on SEA’s longest cross-sea bridge launched

(VOV) - A February 15 order from Prime Minister Nguyen Tan Dung has launched construction on a longer than 5.4 km cross-sea bridge in Haiphong city. Vietnam's longest cross-sea bridge to take shape PM urges Haiphong to support development Prime Minister meets Haiphong voters Once completed, it will be the longest if its kind ever built Vietnam as well as Southeast Asia. Part of the Tan Vu-Lach Huyen Highway stretching more than 15km, the 5.4km section over the sea will take 36 months to … [Read more...]

LG’s $1.5 billion complex licenced

Trang Due Industrial Park.

VietNamNet Bridge - South Korea's LG Electronics today received the investment certificate for its $1.5 billion manufacturing project in the northern Haiphong port city. The complex will be located in the city's Trang Due Industrial Park that is also a part of Dinh Vu-Cat Hai Economic Zone. According to Kinh Bac City Development Holding Corporation, the developer of Trang Due Industrial Park, LG will produce home appliances such as air conditioners, LCD television and washing machines and … [Read more...]

Start construction of Haiphong International Gateway Port

On the morning of April 14th, Component A of Haiphong International Gateway Port project was kicked off by Prime Minister Nguyen Tan Dung in Cat Hai District, Haiphong City. According to the master plan, Haiphong International Gateway Port will be built along the existing channel in the South of Lach Huyen estuary, with the total berth length of around 8,000m and the total route length of about 18km. Haiphong International Gateway Port will be developed with a modern and comprehensive … [Read more...]

PM urges reforms for stronger FDI attraction

Tu Hoang "Other countries in the region are implementing drastic reforms to lure investment. Japan invests heavily in Indonesia, Malaysia and Thailand, and invests less in Vietnam although our country is Japan's strategic partner. Therefore, we must review our business environment," said Dung at a conference on a review of 25-year FDI attraction held in Hanoi on Wednesday. He requests Government agencies and local authorities to continue to carry out administrative reforms and perfect legal … [Read more...]

Investor of Lach Huyen port to be replaced

Le Anh According to a representative of Vinalines, the Ministry of Transport is seeking approval from the Government to award the project to Saigon Newport and a Japanese partner. Besides, Saigon Newport has also proposed to borrow preferential loans to develop the project while the Japanese partner wants its capital contribution to be increased to 49%. Previously, Deputy Prime Minister Hoang Trung Hai asked the ministry to propose a firm which can replace Vinalines and carry out the … [Read more...]

FDI attraction to Haiphong: Japanese investment waves increase

Under the perspective of the world, regional and domestic economies facing difficulties and FDI attraction decreasing, Hai Phong has emerged as an ideal destination for Japanese investors. From the second half of last year up to now, the investment waves from Japan toward the Flamboyant City have drastically increased. The leading choice Haiphong Economic Zone Authority (HEZA) recently issued investment certificate to a Japanese enterprise, namely Nipro Pharma Vietnam Co., Ltd., with total … [Read more...]

Fostering construction of infrastructure and incentive projects

Haiphong is holding the key position in foreign trade and socio-development in Northern Vietnam, and being a port city, a national-ranking urban area, an industrial, trade, service and tourism center of Vietnam, a main gate to the sea for international economic integration of the North, a focal point of transportation (with a system of seaway, airway, railways, expressway, and inland waterway) which helps to promote exchanges with all provinces and cities domestically as well as … [Read more...]

A visit to Japan by Prime Minister Nguyen Tan Dung to promote investment

A visit to Japan by Prime Minister Nguyen Tan Dung to promote investment At the invitation of Mr. Yoshihiko Noda - Japan's Prime Minister, Vietnam Prime Minister Nguyen Tan Dung paid an official visit to Japan from October 30thto November 2nd 2011. Mr. Duong Anh Dien, Hai Phong city People's Committee Chairman attended the visit. During this visit, Prime Minister Nguyen Tan Dung met for an exchange of views with the Japanese King, had a high-level talk with Prime Minister Yoshihiko Noda, and … [Read more...]

Vietnam, Japan agree to promote strategic partnership

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Vietnam and Japan will work within the framework of their strategic partnership for peace and prosperity in Asia. The agreement was reached during the October 31 talks between Vietnamese Prime Minister Nguyen Tan Dung and his Japanese counterpart, Yoshihiko Noda in Tokyo, Japan. During the talks, both PMs expressed their pleasure at the developments in bilateral economic relationship. They underlined the importance of maintaining high ranking visits between the two countries as well as … [Read more...]

BUSINESS IN BRIEF 18/10

MARD proposes more import of frozen meat Ministry of Agriculture and Rural Development (MARD) recently proposed the import of about 35,000 tons of frozen meat until Lunar New Year 2012, even though meat prices nationwide have dropped by 25-33 percent. During the first nine months of the year, the country imported 85,249 tons of frozen meat, mostly poultry, an increase of 4.5 percent over the same period last year. The increase in the price of pork and chicken in the domestic market, … [Read more...]

Create most favorable conditions for Japanese enterprises to survey and invest in Haiphong

On the morning of 14th September, at the Office of Haiphong People's Committee, Mr. Duong Anh Dien, Vice Secretary of Haiphong's Party Committee, Chairman of Haiphong People's Committee received the delegation of Hitachi Zosen Marine Industry Corporation (Japan) who was visiting Haiphong to learn about investment opportunities of the city. Also attending the meeting, there were Mr. Le Van Thanh, Vice Chairman of Haiphong People's Committee and representative leaders of relevant departments. At … [Read more...]

Vietnamese projects to receive additional Japanese ODA

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>> Japan continues to prioritise ODA for Vietnam >> Experts: Japan will strive to fulfil financial commitments to Vietnam Japan will continue providing Official Development Assistance (ODA) to Vietnam in the coming years. Mr. Tsuno Motonori at the press conference Chief Representative of the Japan International Cooperation Agency (JICA) in Vietnam Tsuno Motonori announced at a press conference held in Hanoi on June 15. The statement followed the confirmation of a loan worth … [Read more...]

KOCKS (Germany) to cooperate with Hai Phong in technical worker training

On the afternoon April 11th, City People's Committee Vice Chairman Do Trung Thoai had a meeting with Operation Manager Helmut Mittelstadt of German KOCKS specializing in lifting equipments and cranes. Local relevant agencies also joined the meeting. Mr. Helmut Mittelstadt admitted his pleasure to visit Hai Phong and said that he looked forward to working with the city in training technical skillful workers and urban infrastructure development. Currently, the group was in coordination with … [Read more...]

Emerson Corporation (USA) plans to start building a plant in Trang Due IP in May 5th 2011

On the morning of March 15th, at Haiphong City People's Committee Headquarters, Comrade Duong Anh Dien, City Party Deputy Secretary, City People's Committee Chairman and leaders of relevant local agencies had a working session with Mr. Georgi Foo, Vice President of Emerson U.S. Emerson Network Power is a corporation specializing in telephone and computer batteries etc. holding 40% market share worldwide. Currently, the Corporation is planning a project in Haiphong to fabricate telephone … [Read more...]

Port buffeted in a financing storm

The port is necessary to absorb growing demand from the nation's north

Financing disagreements are holding back the development of a crucial port for northern Vietnam. According to the Ministry of Transport (MoT), the construction of Lach Huyen's first two berths have not begun because of a change in investors. Vice Minister of Transport Ngo Thinh Duc said the Japanese embassy in Vietnam had introduced Molnykit Company to join hands with Vinalines to build the two berths under the public-private partnership (PPP) investment form, replacing Mitsui O.S.K … [Read more...]

A close and effective cooperation of Haiphong with central agencies to implement Haiphong International Hub-port Project

It was a statement of City People's Committee Chairman Duong Anh Dien at a meeting with Transport Deputy Minister Ngo Thinh Duc on implementation of Haiphong International Hub-port international (on the morning of February 25th). City People's Committee Vice Chairman Le Van Thanh and other central and local representatives of relevant agencies also joined the meeting. Up to date, all the central, local relevant bodies as well as the investor have been making their best efforts in order to … [Read more...]

To speed up the space of socio-economic connection in cooperation, investment and trade

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6th conference on the economic corridor of Headphone - Hanoi - Lao Cai - Quang Ninh and Yunnan (China) On 25th November, a conference on the economic corridor of Hai Phong - Ha Noi - Lao Cai - Quang Ninh and Yunnan (China) took place at the Conference Center of Lao Cai province. Leaders from the five provinces and Deputy Minister of Foreign Affairs, and Deputy Minister of Industry and Trade co-chaired the conference. Participants were Yunnan Vice Governor Co Trieu Hy, leaders from several … [Read more...]

Hanoi to obtain JICA funds for major infrastructure projects

The Government website www.chinhphu.vn quoted Tsuno Motonori, JICA chief representative in Vietnam, as confirming that the agency would give priority to Hanoi's urban development projects this year. JICA will sign loan agreements in March for projects to build a new terminal named T2 of the Noi Bai International Airport and Noi Bai-Nhat Tan expressway, all using official development assistance (ODA) from Japan. Besides, JICA will speed up other ODA-funded projects in Hanoi such as Nhat Tan … [Read more...]