With robust economic growth and a sound business climate, the northern port city of Hai Phong has remained popular among both domestic and foreign investors, said Chairman of the municipal People’s Committee Nguyen Van Tung.
Hai Phong (VNA) – With robust economic growth and a sound businessclimate, the northern port city of Hai Phong has remained popular among bothdomestic and foreign investors, said Chairman of the municipal People’sCommittee Nguyen Van Tung.
At a meeting with more than 300 domestic and FDI firms on January 13, Tungbriefed the participants on the city’s socio-economic achievements in 2019,with the gross regional domestic product (GRDP) expanding 16.68 percent, the highestever.
State budget collection reached more than 89.68 trillion VND (3.87 billion USD),up 20.5 percent year on year, while Hai Phong port handled some 129.2 milliontonnes of goods, increasing 18.51 percent from the previous year, he said.
Last year, a multitude of large corporations made big investments in the city,Of them, Vingroup splashed out hundreds of trillions of VND on entertainment,housing, urban areas and hospital projects, while BRG Group invested in the DoSon golf and villa project worth over 2.1 trillion VND, and the five-starHilton hotel valued at over 1 trillion VND.
Tung stressed the projects will give the city a facelift.
During 2019, the city had more than 1,000 enterprises that contributed morethan 1 billion VND to the State budget, 11 firms in the top 500 largestenterprises in Vietnam, and 13 in the top 500 largest private businesses in thecountry.
These firms also proactively engaged in a wide range ofactivities to support social welfare programmes in the locality, he added./.
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At the meeting on January 13 (Photo: VNA) 
