Two international container terminals to be built in Hai Phong
PolicyNearly VND7 trillion (US$300.8 million) will be invested on building two international container terminals in the northern city of Hai Phong’s Lach Huyen Port next year.
VinFast car manufacturing factory put into operation
ProjectsVietnam’s first fully-fledged domestic car manufacturer VinFast, a subsidiary of Vietnamese conglomerate Vingroup, officially inaugurated an automobile manufacturing plant at Dinh Vu Industrial Park of northern Hai Phong city on June 14, ready for mass production of it cars three months earlier than the initial schedule.
Hai Phong is believed to be the new industrial hub of the North
MarketIndustrial output and investment remain vigorous as Vietnam develops as a key regional manufacturing hub. Amidst the U.S.-China trade tensions, Vietnam can serve as an alternative destination as manufacturers restructure their supply chains to lessen the effects of the trade war.
More industrial parks to be built in Hai Phong city
PolicyFive or six more industrial parks are expected to be built in the northern port city of Hai Phong in the time ahead, according to head of the Hai Phong Economic Zone Authority (HEZA) Pham Van Moi.
