Haiphong's FDI Surpasses $50 Billion as Industrial Parks Boom
Haiphong's economic prowess continues to soar, with cumulative global entry in the post-merger city surpassing $50 billion across 1,724 active projects. This remarkable growth is fuelled by strategic investments in modern infrastructure and industrial parks, drawing in major global corporations.
An Phat 5 Industrial Park, a recent addition to Haiphong's industrial landscape, is proving to be a magnet for investment. Its strategic location offers easy access to key transport routes, facilitating connection with major ports, airports, and border gates. Several companies, including Horn Vietnam Co., Ltd., have already established operations here, with Horn Vietnam expanding its footprint by renting additional factory space and recruiting more workers.
Haiphong's synchronised transportation and supply chain infrastructure is a significant draw for investors. The city boasts road, rail, waterway, air, and sea transport, with strategic assets like Lach Huyen deepwater port and Cat Bi International Airport. Upgraded expressways and roads have further enhanced connectivity, reducing goods transportation time to less than two hours. This seamless supply chain and strategic location have attracted major global corporations such as Samsung, LG, and Intel.
The merger with Hai Duong has expanded Haiphong's economic scale, reinforcing its role as a major logistics, manufacturing, and export hub in northern Vietnam. The private sector has thrived, with total retail sales of goods and services reaching approximately $7.2 billion in the first half of 2025. The industrial sector has surged over 12.8% in the first six months of 2025, with GDP growth standing at an impressive 11.2%.
With cumulative global entry exceeding $50 billion and a robust industrial sector growth of over 12.8%, Haiphong continues to cement its position as a prime investment destination. The city's strategic location, seamless supply chain, and modern infrastructure are expected to attract more global corporations, further boosting its economic prospects.
