Hai Phong expands economic cooperation and attracts green investment

The northern Vietnamese port city of Hai Phong is expanding its economic and investment cooperation, particularly with Chinese partners, to attract green capital and enhance its role as a maritime gateway.

During the first eight months of 2026, the city reported significant economic growth. Exports reached 42.2 billion USD, while imports rose 18.56% year-on-year to 31.1 billion USD. Foreign direct investment (FDI) attraction hit 3.47 billion USD, representing a 1.8-fold increase compared to the same period the previous year.

Chinese investors have contributed substantially to this growth, with 823 FDI projects totaling 13.26 billion USD. Manufacturing remains the dominant sector, accounting for 72.73% of projects and 76.63% of registered investment capital. Major companies operating in the region include Pegatron Vietnam, Lite On Vietnam, Universal Scientific Industrial, and Phihong Vietnam. Pegatron Vietnam's General Director, Huang Jen Chieh, noted that the company expects its 2026 revenue to increase by 19.59% year-on-year, citing local authority support as a key factor for expansion.