The Economic Development Potential of
Hai Phong City

Prime Geographical Location of Hai Phong

Hai Phong is located at the gateway to the Northeast Sea of Vietnam. The city has a prime geographical position, as it is surrounded by rivers, lakes, islands, and a long coastline. This facilitates the development of seaports, logistics, and tourism.

The Importance of the Gateway to the Sea

With its position as a gateway to the sea, Hai Phong is key to economic connectivity. The city serves as a crucial transit point for goods. This attracts investment and promotes trade, also contributing to enhanced regional transportation links.

Favorable Transportation Links

Hai Phong is at the center of a developed transportation network, connecting with provinces and cities across the country. This creates advantages for Hai Phong. The prime geographical location of Hai Phong is a significant asset, allowing the city to thrive in various economic sectors, from seaports and logistics to tourism.

Potential for Industrial Development

Hai Phong has a strong industrial foundation. Numerous sectors such as mechanics, electronics, chemicals, cement, and food processing are flourishing. Industrial parks, economic zones, and high-tech zones attract investors. This generates many jobs and helps boost Hai Phong’s economic growth.

Potential Industrial Sectors in Hai Phong Include:

• Mechanical and manufacturing industries, with many factories producing automotive parts, machinery, and industrial equipment.
• Electronics and information technology industries, with many companies manufacturing components and electronic devices.
• Chemical industry, with factories producing chemicals, fertilizers, and paints.
• Food processing industry, reliant on maritime, agricultural, and fishery sectors.

The advantages of geographical location, transportation connectivity, and quality labor force facilitate Hai Phong’s industrial development. This creates attractive investment opportunities. Hai Phong is becoming a key industrial center of the country, with many high value-added manufacturing sectors.

Logistics and Seaport Sector

Hai Phong’s strategic location makes its seaport a hub for the logistics industry. Known as the “gateway to the sea” in the North, Hai Phong port connects trade with many countries. This boosts import and export activities.

The Key Role of Hai Phong Seaport

Hai Phong Port is the largest port in the North, handling 50% of the country’s cargo volume. It has modern infrastructure, accommodating large vessels and providing jobs for thousands of workers in Hai Phong.

Future Trends in Logistics Development

• Digitization and Automation: Utilizing digital technology to manage warehouses, customs clearance, and transport, improving efficiency and productivity.
• Greening: Focused on green solutions, reducing emissions from logistics activities.
• Cross-border Logistics: Strengthening connections with other countries, boosting international trade.

In the future, Hai Phong’s logistics sector will grow robustly. Hai Phong Port will be a crucial logistics hub, driving the city’s socio-economic development.

Introduction to the Economic Development Potential of Hai Phong City

Hai Phong City has a strategic geographical position and is growing rapidly in industrial, logistics, and tourism sectors. It is an important economic center of Vietnam. The transportation advantages and abundant labor force facilitate Hai Phong’s growth. The city is becoming an attractive investment destination.

The industrial sector is a prominent field in Hai Phong. There are many modern industrial zones and clusters. Numerous domestic and foreign enterprises are attracted. The logistics and seaport sectors are also developing strongly, with modern port systems and professional human resources.

Hai Phong has advantages in agriculture, tourism, and services. The mild climate, ample land, and rich resources create a solid foundation. To develop, Hai Phong is improving the investment environment, transportation infrastructure, and labor quality. These factors will drive the city’s economy.

Hai Phong affirms its role as a dynamic economic center, promising many investment opportunities and economic development in the future.

Agriculture and Aquaculture

Hai Phong has a mild climate and abundant water resources, creating favorable conditions for agriculture and aquaculture. The city has numerous rivers, lakes, and canals that provide water for production.

Advantages of Climate and Water Resources

The mild climate and ample rainfall throughout the year facilitate crop cultivation. Crops such as vegetables, fruits, and rice thrive. The rich water resources from rivers, lakes, and canals support aquaculture, especially for rare species.

Hai Phong is developing agricultural and seafood products with the aim of enhancing value and competitiveness in the market.

Tourism and Services

Hai Phong has a prime geographical location and favorable natural conditions. It has a long coastline, diverse terrain, and many historical and cultural sites, attracting numerous domestic and foreign tourists.

Prominent Tourist Destinations

Cat Ba Island is a standout destination known for its pristine beauty and various activities such as trekking, climbing, and scuba diving. Dau Pagoda is an ancient temple with unique architecture, significant in Hai Phong.

Van Don Lagoon is an eco-tourism area where visitors can fish, swim, and enjoy seafood. Ha Long Bay, a UNESCO World Natural Heritage site, features beautiful islands and stunning landscapes that attract tourists.

Tourist destinations in Hai Phong are developing, making it an ideal place to explore, relax, and experience local culture.

Favorable Investment Environment

Hai Phong is working to create a transparent investment environment. It has incentive policies, modern infrastructure, and services supporting businesses. The city is also enhancing its competitive capacity, building synchronous infrastructure, and attracting large investment projects.

To attract investment, Hai Phong has implemented various incentive policies:

• Exempting corporate income tax for the first four years and reducing it by 50% in the next nine years for large projects.
• Supporting 50% of infrastructure construction costs and 100% of training costs for investment projects.
• Simplifying administrative procedures and shortening investment licensing times.

Hai Phong is also upgrading its investment environment through the development of modern transportation and logistics infrastructure. It is building industrial parks and coastal economic zones to facilitate investments. These efforts help establish a favorable investment environment for investors, making Hai Phong an attractive destination.

Hai Phong is striving to become a leading economic, trade, and logistics center in Vietnam, supported by incentive policies and modern infrastructure.

Developed Transportation Infrastructure

Hai Phong is heavily investing in transportation infrastructure to ensure convenient connections with neighboring regions and central areas. Key projects such as the Hanoi-Hai Phong expressway, Ring Road 3, Cat Bi International Airport, and modern seaports are being developed. These projects enhance connectivity and promote Hai Phong’s socio-economic growth.

Key Transportation Projects

Hai Phong is implementing several key transportation projects aimed at improving infrastructure and enhancing regional connectivity. Here are some notable projects:

1. Hanoi-Hai Phong Expressway Project: Helps shorten travel time and strengthen connections between the capital and Hai Phong.
2. Ring Road 3 Project: Establishes a synchronized transportation network, enhancing traffic capacity within the city.
3. Cat Bi International Airport Project: Upgrades and expands the airport, increasing international air connectivity.
4. Modern Seaport Project: Modernizes the seaport to enhance logistics capacity and promote economic development.

With these key transportation projects, Hai Phong is creating a modern transportation infrastructure that contributes to the city’s socio-economic development in the future.

High-Quality Human Resources

Hai Phong is a center for training and developing high-quality human resources in Vietnam. The city has many prestigious universities, colleges, and vocational schools providing workforce for various sectors such as industry, logistics, tourism, and services.

Leading Universities in Hai Phong Include:

• Hai Phong University
• Vietnam Maritime University
• Hanoi University of Industry – Hai Phong Campus
• Hai Phong University of Medicine and Pharmacy

These institutions not only offer high-quality programs but also create a young, skilled workforce ready to meet market demands.

With high-quality human resources, Hai Phong attracts domestic and international investors, promoting the city’s economic development. Hai Phong is becoming one of the key centers for high-quality training and human resource development in the country.

Conclusion

Hai Phong has a favorable geographical position, modern infrastructure, and high-quality human resources. These factors contribute to the city’s significant economic development potential. Sectors such as industry, logistics, agriculture, and tourism are thriving.

The city is striving to attract investments and create a favorable business environment. Hai Phong is also continuously improving its competitiveness, contributing to the region’s economic growth.

Hai Phong is leveraging its strengths to become a dynamic economic, trade, and service center. The industrial, logistics, and tourism sectors are growing strongly. By improving the investment environment and enhancing the quality of its workforce, the city is attracting investments both domestically and internationally.

City leaders and residents are committed to making Hai Phong a leading economic, trade, and service center in Vietnam in the near future.