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Hai Phong seeks investment

Update: November, 28/2015 - 10:25
A view of Hai Phong Port City. — Photo baohaiphong
HA NOI  (VNS) — Northern Hai Phong Port City affirmed its strategic location to both domestic and foreign investors, by focussing on several key infrastructure projects and taking measures to improve the investment environment.

Le Thanh Son, vice chairman of the municipal People's Committee, said this at a conference on Investment Opportunities in Oman and Viet Nam held earlier this week in Mumbai, India.

The conference was one of the activities in the five-day visit of the People's Committee and Dinh Vu Industrial Zone Joint Stock Company to Mumbai and Ahmedabad with an aim to seek for investment and co-operation opportunities with India.

The event attracted 234 participants from Indian promotion agencies, businesses and associations in chemical, pharmaceutical, garment and textile sectors. Of which, 11 enterprises registered for site visits in the near future to Viet Nam.

"In the context of having golden opportunities from the signing of the Trans-Pacific Partnership (TPP), Viet Nam in general and Hai Phong City in particular, will become attractive destinations for investors both inside and outside the country," Son said.

He also confirmed the city's commitment to continue supporting businesses.

Vu Son Thuy, consulate general of Viet Nam to India also provided information on the Viet Nam-India relationship, strengthening the economic co-operation between the two countries as well as Vietnamese investment environment and policies.

Attendees were also given updated information on key and important infrastructure projects including Lach Huyen Port, Ha Noi-Hai Phong Highway, Cat Bi International Airport expansion and Dinh Vu-Cat Hai Economic Zone.

The city has attracted more than 450 foreign direct investments from 25 countries and territories with total capital of US$10.6 billion so far.

Indronil Sengupta, director of Tata Sons Viet Nam Company of Indian Tata Group said they were committed to invest $2 billion in Viet Nam in several sectors of energy, steel, titanium distribution, and automobiles.

The Dinh Vu Industrial Zone (DVIZ) in the city also provided investment orientation and potential in the north of Viet Nam. The DVIZ/Deep C has direct connection to the above mentioned infrastructure projects, becoming an ideal investment location for Indian investors. — VNS

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