The northern port city of Hai Phong on May 9 granted investment registration licenses to a project to build Berths No.7 and 8 at Lach Huyen deep-water port area, and three others in the city’s industrial parks.
Hai Phong Economic Zone Authority leading officials grant investment registration license to project to build Berths No.7 and 8 at Lach Huyen deep-water port area (Photo: VNA)
Hai Phong (VNA) – The northern port city of Hai Phong on May 9 granted investment registration licenses to a project to build Berths No.7 and 8at Lach Huyen deep-water port area, and three others in the city’s industrialparks.
The berth-building project is invested by SaigonNewport One Member Limited Liability Corporation with 12.79 trillion VND (545 million USD).
The berths, 450m long each, can serve container ships of12,000 TEU - 18,000 TEU and are supported with a 200m-long barge dock.
Construction is expected to start in thefirst quarter of 2025 and the berths be put into operation in the fourth quarterof 2027.
In addition, the Hai Phong Economic Zone Authority (HEZA) also presentedinvestment licenses to the 331-billion-VND Starcharge energy equipment factoryproject of Singapore-based Starcharge Energy Pte.Ltd., the 1.16-trillion-VND HWEnergy project of HW International Investment Holdings Pte.Ltd., both at the MaritimeService and Industrial Zone; and the 633-billion-VND)Thinking Electronics Vietnam project of Taiwan (China)’s Thinking ElectronicsIndustrial Co., Ltd in Nam Cau Kien Industrial Park.
HEZA head Le Trung Kien pledged to create all favourableconditions for the implementation of the project.
Besides the new projects, Hai Phong’s industrial andeconomic zones has so far this year attracted 17 new foreign-invested projects, and seen nineexisting ones adding capital, with a combined capital of 498.5 million USD. Theport city has also attracted two new domestic-invested projects and four existing ones was increasing their capital, with a combined investment of 46.58 millionUSD.
To date, they have drawn 477 FDI projects worth 23.35billion USD, and 205 foreign-invested ones totaling 12.63 billion USD./.
The northern port city of Hai Phong continued ranking among the top localities in attracting foreign direct investment (FDI) in the first quarter of 2023.
Five international delegations paid working trips to Hai Phong in March and on the first days of April proved that the northern port city is always ready to expand diplomacy and relations with partners, thereby promoting investment attraction, boosting exports and improving its competitiveness capacity.
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Hai Phong Economic Zone Authority leading officials grant investment registration license to project to build Berths No.7 and 8 at Lach Huyen deep-water port area (Photo: VNA) 
