Hai Phong Absorbs over US$ 12 Bln of Investment

4:11:45 PM | 20/9/2016

PM Nguyen Xuan Phuc witnessed the signing of investment contracts with a total value of US$ 12.8 billion at the Hai Phong Investment Promotion Forum.

Under the title “Hai Phong – Destination for investors,” the forum drew the attendance of nearly 200 domestic and foreign businesses and investors.

At the largest-ever investment forum in Hai Phong port city, PM Phuc hailed the local special record in FDI attraction.

Accordingly, as of September 12, the port city attracted over US$ 2.7 billion of FDI, five times higher than the same period last year, making it the leading FDI recipient in Viet Nam.

PM Phuc attributed the achievement to the massive business reform which offers the best and most convenient investment environment for “win-win” partnership between the city and investors.

The port city was hailed for its effort to transform from brown to green economy by moving shipbuilding and cement factories from central areas to outskirts.

On this occasion, PM Phuc welcomed the attention of both domestic and foreign investors to Viet Nam in general and Hai Phong city in particular, hoping that the forum would serve as a launching platform for local socio-economic boom. 

Finally, the Cabinet chief promised to provide the best way for favourable investment environment for investors. 

“We are determined to safeguarding legitimate rights of investors and our citizens,” the Government leader asserted.

“Yours successes mean our successes, your failures mean our failures,” said PM Phuc.

The PM took the occasion to suggest investors attach importance to environmental protection besides economic benefits in favor of sustainable growth.