Haiphong promotes economic cooperation with China's leading enterprise

On September 12-15, a delegation of Hai Phong Economic Zone Authority (Heza), led by Mr. Do Trung Thoai, Head of Heza, surveyed and worked with the big economic groups currently preparing for investment and operating in An Duong Industrial Zone, Hai Phong.

The working delegation of Haiphong Economic Zone Authority, led by Mr. Do Trung Thoai - Head of  Heza, survey and work with Wolong Group

In recent years, China has emerged as one of the largest offshore investment countries in the world, in which Vietnam is an attractive destination for Chinese investors. The rate of transfer of Chinese FDI into Vietnam in the last 5 years has increased dramatically. According to the Foreign Investment Agency's foreign direct investment (FDI) report, in the first eight months of 2017, China is the fourth largest country of foreign capital in Vietnam (after Korea, Japan and Singapore). Chinese enterprises mainly invest in projects focusing on textile and garment, footwear, real estate, construction, electric wire and cable, thermal power and mining.

Before investment trend of big economic group from China, Heza had a survey and worked with investor: Shenzhen Holdings, Wolong Group , Hoa Tinh Electronics Engineering Company, Kien An Construction Corporation……

Mission working with Shenzhen Holdings Company - Project Owner 

Infrastructure of An Duong Industrial Zone, Hai Phong

Within the framework of the mission, Mr. Do Trung Thoai - Head of Hai Phong Economic Zone Authority had a discussion with investors about the investment environment as well as attractive investment incentive policies of the city. He emphasized that Hai Phong is an ideal destination for foreign investors, especially Chinese companies through the city's emphasis on investment in infrastructure development, build Lach Huyen International Airport, facilitating convenient trade between Hai Phong City and Quang Dong Province, actively implementing the "two corridors, one belt" cooperation program between Vietnam and China.

Wolong Group is headquartered in Shaoxing City, Zhejiang Province, China, along with Siemens and ABB Group, the world's three largest producers of motor vehicles, listed on the stock market up to more than $ 5 billion also had a working session with the delegation. Mr. Chen Jian Cheng - Chairman of the Board of Directors of Wolong Electric Group said that after researching the market and realizing the potential investment environment in Hai Phong, Wolong Electric Group decided to invest 01 project in An Duong Industrial Park with a total investment of about US $ 100 million, of which the first phase of the project will be implemented in 2018 with estimated investment capital of about US $ 30 million.  Wolong Group believes that with its financial strength and experience, the project of producing small inverter motors for Daikin Vietnam Co., Ltd in An Duong Industrial Zone, Hai Phong will bring successful results beyond expectations.

Besides, in meeting with Hoa tinh Electronic Engineering Co.,ltd - supply units display the 4th largest in the world with a factory located in Shenzhen special economic zone, Guangdong Province (China),  company also expressed interest in the investment incentive policies of the city and the company is also considering, researching investment plans to build factories in Hai Phong.

Exchange with Kien An Construction Corporation for the construction of infrastructure for An Duong Industrial Park, Haiphong

Regarding An Duong Industrial Park Infrastructure Investment Project, the delegation worked with the Project Owner of Shenzhen Holdings and Kien An Construction Corporation - the main contractor of the project.

At the meeting, Shenzhen Holdings Company introduced to the members of the delegation the achievements of the company achieved in the Shenzhen Special Economic Zone and the successful results in the development of Eco-industrial park model project and technological nursery model.

Mr. Do Trung Thoai highly appreciated achievements that Shenzhen Holdings Company in Shenzhen Special Economic Zone has achieved. He also suggested that the Owner and Kien An Construction Corporation apply modern construction technologies, speed up the progress and ensure safety in the construction of infrastructure items in An Duong Industrial Park to meet the requirements of attracting investment.

It can be said that the recent trip has been a great success, contributing to promoting economic cooperation between Haiphong city and leading enterprises in China; at the same time, it shows the active role in city leadership in attracting foreign investment and strong international integration of Haiphong in the current context.

Information – Engineering Industry Service and Environmental Consulting Center.