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 Magazine's reporter, Chairman of Thai Binh Provincial People's Committee Pham Van Sinh said, "Thai Binh province is producing new advantages and we are always ready to cooperate with and invite investors." Ngo Khuyen reports.The government of Thai Binh province said it still has a lot of untapped potential and more emerging advantages when it attended investment promotion activities. What are the new advantages? … [Read more...]

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 finish at a cost of over VND11.8 trillion. Most of the budget comes from Japanese official development assistance (ODA) capital. The Tan Vu-Lach Huyen bridge's modern construction will eventually become another highlight of Haiphong City's Cat Ba Islands. Speaking at the ground-breaking ceremony, PM Dung emphasised the project is follows a Public-Private Partnership (PPP) model between Vietnamese and Japanese Governments. It will help maximise the utility of the valuable deep water port, link … [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 electronics equipments for automotive industry. LG now runs factories in Haiphong and the northern province of Hung Yen, but they are rather small in size and therefore it is difficult to increase the production scale at existing factories. The new investment in Haiphong is part of the company's effort to integrate, relocate and expand production in Vietnam to meet both global and local demand. Once LG expands production in Haiphong, it can easily export products to international markets as … [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 infrastructure and handling technology for receiving container ships of 4,000-6,000 TEU, and up to 8,000 TEU in subsequent phases of the project. The project which includes 2 components has total investment of about 1.2 billion USD, being funded by Japanese's ODA and state budget, and implemented under PPP form. Component A's scope covers the building of port infrastructure on the whole route, such as: shipping passages, roadsteads, a 3,230-meter-long breakwater with the crest elevation of +6.5 CD, a … [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 documents to offer investors more favorable conditions and thus Vietnam can become more competitive. The Prime Minister recalled he had spent hours discussing with ministerial and local leaders ways to remove obstacles for some large-scale projects like Samsung, Nghi Son oil refinery, Phu Yen oil refinery and an entertainment complex in Vung Tau. He has directly dealt with many issues in the past two years concerning the PPP project Lach Huyen Port in Haiphong with the participation of a … [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 project under the public-private partnership (PPP) format with the Japanese partner. The Lach Huyen international port project has two components, with the first component worth nearly US$900 million and using Japan’s official development assistance (ODA) loans and Vietnam’s reciprocal capital. Meanwhile, the second component worth US$321 million is invested by Vinalines and Japanese partners. Vinalines signed a deal with Japan’s Itochu, MOL and NYK to develop the port in November, … [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 registered capital of USD 250 million investing in VSIP Hai Phong Integrated Township and Industrial Park to produce pharmaceutical products and medical equipment for export. Two months before, a project to produce high quality tires for automobile cars and airplanes of Bridgestone Corporation (also from Japan) had been issued investment certificate with total registered capital of USD 575 million for operating in Dinh Vu Industrial Zone. A series of other big projects with invested capital of … [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 worldwide. Besides such strategic position, Haiphong has also contained potentials and advantages of an industrial and service city for more than 100 years. Especially, Haiphong Port has created an international well-known trademark; and possessed potentials on the sea and continental shelf. The coast and coastal area of Haiphong is located in the most active zone of Vietnam, endowed with famous tourist attractions like Cat Ba National Park, Lan Ha Bay, Do Son Beach, and surrounded by a prosperous industrial … [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 paid a call on congressional leaders of Japan. Prime Minister Nguyen Tan Dung also visited the cities of Sendai and Natori, Miyagi province. Urging Japanese businesses to invest in Hai Phong was the main topic discussed in the talks between the Prime Minister and Japanese partners. * Prime Minister Nguyen Tan Dung had a meeting with Japanese enterprises organized by the Federation of Japanese economic organizations (Keidanren) on October 31st. Right at Keidanren headquarters, Prime Minister … [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 dialogues at all levels, especially the effective operations of the Vietnam-Japan Cooperation Committee. They agreed to double two-way trade by 2020 and boost cooperation in culture, education, science and technology, and people-to-people exchanges. They also agreed to select 2013 as the "Vietnam-Japan Friendship Year", to celebrate the 40th anniversary of their diplomatic ties. PM Noda reaffirmed Japan's support for Vietnam's socio-economic development, saying that Japan will consider … [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, earlier this year, created an advantage for importers to ship large volumes of meat at higher profits. Meanwhile, the Veterinary Department under the Ministry of Agriculture and Rural Development informed that around 110.5 tons of pork is exported to China every day. Diep Kinh Tan, Deputy Minister of Agriculture and Rural Development said that it is not practical to export pork meat to other countries since pork meat is scarce and cannot even meet domestic demands. He also added that … [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 the meeting, Chairman Duong Anh Dien introduced outstanding achievements of socio-economic development of Haiphong City during the passing years, in which shipbuilding was one of the key industries in the city's strong position. Many vessel products made in Haiphong have been and shall present in many countries throughout the world. Skills and capacity of technical staff (of Haiphong shipbuilding industry) are more and more improved… Chairman Dien also appreciated the technological skills and … [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 JPY40.95 billion (USD510 million) for two traffic infrastructure projects in central and southern Vietnam. Motonori said the loan for the Ho Chi Minh City-Long Thanh-Dau Day and Danang-Quang Ngai motorway sections was Japan's first loan to Vietnam after it had been hit by a tsunami and earthquake on March 11. In the coming time, JICA will provide loans for the Lach Huyen International Port in Haiphong City and Long Thanh International Airport in Dong Nai Province. According to Motonori, despite … [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 Vietnam - Korea Steel JSC to fabricate lifting equipments and cranes for export to Russia. Additionally, upon the visit, Mr. Helmut Mittelstadt wished to help promote the lifting equipment and crane market of Vietnam, including the project to build Lach Huyen international port in Hai Phong. Vice Chairman Do Trung Thoai asserted Haiphong was always interested in offering foreign investors the best favours in business. At present, there were 4 German enterprises doing business in Haiphong, with a … [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 components, and the plant is expectedly built in May 2011. At the meeting, Mr. Duong Anh Dien affirmed that Haiphong city always welcomed foreign investors. In fact, local authorities would provide interested overseas investors with the utmost supports and favors in mechanisms and policies as well as infrastructure in the local industrial parks. He also stressed that the city of Hai Phong was one of the northern key economic localities. The city was putting great efforts on building Ha Noi - Hai Phong … [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 Lines, Nippon Yussen Kaisha and Itochu. Although Molnykit Company is a joint venture between the three mentioned-above corporations, which four months ago got approval from Prime Minister Nguyen Tan Dung to be involved in the project, there are concerns that the newly-proposed investor Molnykit's legal capital was too low to implement the project. "This case is out of the MoT's control. We proposed the prime minister accept the new investor based on the guarantee of the Japanese embassy," said … [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 launch the initial infrastructure works of the project. Currently, Vietnam Maritime Bureau and Japan International Cooperation Agency (JICA) have agreed to adjust the project scope in consideration of the cargo throughput forecast in the coming years. Accordingly, the first two berths are designed for accommodation of 100,000 ton vessel with standard channel of 160 in width and -14 m in depth, breakwaters of 760m and 3,200m in length. Based on the advices and proposals from relevant ministries, the … [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 departments and agencies of China; and representatives of Vietnamese ministries and agencies. Hai Phong delegation was led by City Party Committee Deputy Secretary, City People's Committee Chairman Nguyen Van Thanh. Party Committee Deputy Secretary, People's Committee Chairman of Lao Cai province Nguyen Van Vinh delivered an opening speech, sharing his review on 6 years of realizing the policy and initiatives to develop the five province economic corridor with numbers of insightful cooperation … [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 Bridge, which is also called the Vietnam-Japan Friendship Bridge, the approach road of Thanh Tri Bridge and the third beltway. An official of the Ministry of Transport told the Daily yesterday that the minister wanted work to start on the 12-kilometer expressway from Nhat Tan Bridge to Noi Bai airport in the third quarter this year. The official also said his ministry was now working with JICA to finalize procedures and bidding works for the construction of these projects. Regarding projects to … [Read more...]