Hai Phong: Increasing attractiveness to investors

More advantages from special policies

On June 27, the National Assembly passed Resolution 226/2025/QH15 on piloting a number of specific mechanisms and policies for the development of Hai Phong City (Resolution 226). The Resolution sets out 6 groups of specific policies for Hai Phong.

The Resolution's specific policy groups will help Hai Phong clear "bottlenecks", create breakthroughs, have great spillover effects in the Red River Delta region and contribute more to the country's high growth target in the 2026 - 2030 period. The Resolution takes effect from July 1, 2025.

Hai Phong is considered LG's "stronghold" in Vietnam, especially in the field of manufacturing LG's key products for export to international markets. Photo: Quynh Nga.

Notable in the group of specific policies for Hai Phong is the City Free Trade Zone (FTA) with outstanding mechanisms and policies, not only increasing attractiveness and attracting investors but also creating new momentum for the City to make a breakthrough in socio -economic development.

Enterprises headquartered and operating in functional areas of the Trade Zone enjoy priority according to customs laws for export and import activities in the City when meeting the conditions.

Specialized inspection will be exempted for: goods that have been certified for conformity, certified for conformity, declared for conformity, declared for conformity, certified for application of advanced management systems according to international standards, regional standards according to regulations of the ministry managing the industry and field.

Except for commercial housing construction investment projects, the City People's Committee is assigned land, leases land without auctioning land use rights, and does not bid for projects using land for investment projects in the Commercial Zone according to regulations.

Perspective of the ground plan and development space of the Southern Coastal Economic Zone of Hai Phong. The free trade zone in Hai Phong is expected to be located in the Southern Coastal Economic Zone.

Regarding land rent, water surface rent and tax incentives, investment projects in the Trade Zone are exempted from all land rent and water surface rent for the entire lease term, except for housing construction projects and projects on commercial and service land. Income of enterprises from implementing new investment projects and expansion investment projects arising in the Trade Zone in the regulated industries, occupations and fields is subject to a corporate income tax rate of 10% for 30 years, tax exemption for 4 years and a 50% reduction in the amount of tax payable for the next 9 years; after the preferential period, a tax rate of 15% is applied.

For enterprise income from implementing new investment projects and expansion investment projects arising in the area of the Trade Zone that are not in the regulated industries, professions and fields, the corporate income tax rate of 10% shall be applied for 15 years, tax exemption for 4 years and 50% reduction of payable tax for the next 9 years; after the preferential period, the tax rate of 15% shall be applied.

Seize the opportunity

From July 15 to 18, the 3rd Meeting of the APEC Business Advisory Council (ABAC) with the theme "Bridge - Enterprise - Reaching Out" and a series of related events will take place in Hai Phong.

The ABAC III meeting is expected to gather about 250 international delegates, including ABAC members from 21 member economies of the Asia- Pacific Economic Cooperation (APEC), leaders of multinational corporations, financial institutions, research and innovation centers and international organizations.

Within the framework of the event, in addition to the official meetings, the Hai Phong City People's Committee coordinated with ABAC Vietnam to organize many diverse activities to connect businesses, promote investment and introduce Vietnamese culture. Among them, there was the Hai Phong City Investment Promotion Conference with the theme "Strategic destination of the new era".

In the first 6 months of 2025, FDI capital attraction in Hai Phong reached 1.08 billion USD. Photo: Quynh Nga

According to Mr. Le Trung Kien, Head of Hai Phong Economic Zone Management Board, the conference is expected to have the participation of more than 700 delegates including leaders of ministries, central departments, and agencies, leaders of provinces and cities; embassies of APEC economies; members of the ABAC Council; investment promotion organizations and foreign business associations; major investors such as LG, Bridgestone, Sovico, Kinh Bac, Trakmotive, VEHEC... from 21 APEC member economies.

The conference will include important contents such as: Policy discussions between state agencies and enterprises; granting investment policies, investment registration certificates, MOUs of 23 projects with a total capital of more than 15 billion USD including industrial park infrastructure projects, seaports, LNG, etc.

The event was organized to promote the investment environment and preferential policies of Hai Phong City, connect local businesses with international investors, introduce typical products and economic models, and strengthen cooperation between the city and the ABAC Council, along with diplomatic agencies and investment promotion organizations.

Currently, Hai Phong is actively implementing Deploying coordination tasks to organize the 3rd meeting of the APEC Business Advisory Council (ABAC 3) in the city brought a good impression of Hai Phong in particular and Vietnam in general.

This is also an opportunity for Hai Phong to promote its new development space, potentials and advantages after merging with Hai Duong province, along with the investment environment and attractive incentive policies.

Source: https://baodautu.vn/hai-phong-tang-suc-hut-voi-nha-dau-tu-d323031.html