Politics · Vietnam Bureau
Hai Phong foreign investment surge drives push for industrial modernization
Hai Phong is accelerating efforts to revamp its industrial ecosystem as foreign direct investment continues to flow into the northern Vietnamese port city. With registered capital exceeding $3.6 billion in the first nine months of 2026, the city is on track to achieve double-digit economic growth this year.
LSN Vietnam ·
Hai Phong has attracted more than $3.638 billion in foreign direct investment through September 2026, representing 93.3 percent of its full-year target of $3.9 billion. The robust inflow underscores the city's competitive position among Vietnam's investment destinations and is fueling economic expansion at double-digit rates.
The surge in investor interest has prompted Hai Phong authorities to undertake a comprehensive overhaul of its industrial infrastructure and capabilities. Prime Minister directives have emphasized the need for the city to strengthen its strategic leadership capacity while positioning itself as a regional growth engine.
To sustain momentum, Hai Phong is prioritizing the development of a highly skilled maritime workforce capable of meeting international standards. The initiative reflects recognition that foreign investors increasingly demand world-class human capital and operational excellence.
Simultaneously, the city is advancing construction of a modern port system designed to support Vietnam's broader economic aspirations. These infrastructure improvements are intended to enhance Hai Phong's logistics capabilities and attract higher-value manufacturing and services sectors.