Substantial infrastructure development is turning the northern port city of Hai Phong into an attractive destination for investment.
The city is aiming to optimise its potential, advantages, and opportunities to make a breakthrough and become a hub of industry and services with superior competitiveness, turning it into a green, civilised, and modern port city. Foreign investment attraction plays a very important role in the achievement of this target.
Mega infrastructure projects being carried out in the city include the Haiphong international gateway port, the Cat Bi international airport, the Tan Vu-Lach Huyen bridge, and the Hanoi-Haiphong expressway. The combined investment capital required for these projects is more than $4 billion.
Meanwhile, the Cat Bi international airport opened on 12 Mai 2016 to serve six million passengers per year. Direct passenger flights from Haiphong to Singapore, Thailand, Japan, and South Korea are planned in the first phase.
The Tan Vu-Lach Huyen road and the sea-crossing bridge which connects Haiphong with the Haiphong International Gateway Port is already 60 per cent completed, and is expected to be operational by May 2017. The 105-kilometre Hanoi-Haiphong expressway is Operational since Dec 2015.
Adjacent to the deepest port in the north of Vietnam, accessible for 100,000 dead weight tonnage vessels, an airport with international and domestic flights, and only one hour from Hanoi by car, Haiphong is set to become the number one gateway to the world.
Located in the centre of these key infrastructure developments, the Deep C/DVIZ industrial cluster – an expansion of the original Dinh Vu Industrial Zone (DVIZ) project developed by Dinh Vu Industrial Zone JSC – offers investors over 1,000 hectares of industrial land with utilities. To date, the DVIZ has attracted $3 billion of investment with 55 projects from international and local names such as Knauf, C.Steinweg, Chevron, Bridgestone, IHI, and Petrolimex.