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Scene from the press conference.

The conference is part of the third APEC Business Advisory Council (ABAC 3) meeting week, taking place from July 15 to 18. The event brings together top business leaders from 21 APEC member economies to discuss key trade and investment issues across the Asia-Pacific region.

During the conference, investors will be given a comprehensive overview of Hai Phong’s strategic potential, advantages, and investment opportunities.

At the center of attention is Hai Phong’s proposed free trade zone – a strategic initiative that will open new avenues for the city’s development.

The free trade zone is set to offer unprecedented preferential policies, including corporate income tax incentives, visa-free entry and long-term residency cards for foreign experts and their families, and streamlined investment procedures.

These are direct competitive advantages positioning Hai Phong as one of the region’s most attractive destinations for high-tech projects, research and development (R&D), and international financial services.

The highlight of the conference will be the signing ceremony for 32 investment certificates and seven memoranda of understanding, with total pledged capital exceeding $15.6 billion.

These projects are expected to create significant ripple effects, shaping the city’s economic future. Notably, major infrastructure developments for industrial parks such as Tan Trao, Ngu Phuc, Thuy Nguyen, Tran Duong - Hoa Binh, Tien Lang Airport, Binh Giang, Hoang Dieu, and Kim Thanh 2 are included, with combined investments nearing $10 billion.

These initiatives will help form high-tech, modern industrial clusters, generate tens of thousands of jobs, expand industrial zones, drive urbanization, and promote socio-economic development in the surrounding areas.

The investment in berths 9, 10, 11, and 12 at Lach Huyen Port, totaling nearly $1 billion, will enhance cargo handling capacity and solidify Hai Phong’s position as a premier logistics hub in the region.

High-tech FDI projects such as those from Shin-Etsu, along with cooperation agreements for key transportation and urban development projects totaling nearly $5 billion, reflect Hai Phong’s strategic shift toward attracting deep, high-value investments. These projects also pave the way for broader, long-term partnerships with global strategic investors.

Pham Cong