Korean Investors Affirm Long-Term Commitment and Investment Increase in Hai Phong
In 2025, Hai Phong will continue to be an attractive destination for Korean investors, with a series of new projects in technology, component manufacturing, and logistics. This is a clear signal showing strong confidence in the investment environment and long-term development prospects in the port city.
According to the Hai Phong Economic Zone Management Board, South Korea is currently the leading country in terms of total registered investment capital in the city with about 16 billion USD, with 186 projects. Projects of South Korean investors operate effectively, focusing mainly on high-tech products such as electronics, precision engineering, auto components, in addition to the fields of finance, banking, garment, etc. These projects not only contribute to increasing export turnover and creating jobs, but also play an important role in the city’s budget revenue.
Thanks to the favorable investment environment, Hai Phong has become the destination of many large corporations from Korea such as LG, SK, Hyosung, Posco, INNOX Holdings… creating a strong attraction for the FDI wave. Notably, a series of new projects from Korean enterprises continue to be implemented recently, showing growing confidence in the city’s investment environment.
Most notably, Jeil Group (Korea) in February this year started the Jeil Logistics 1 Project in Nam Dinh Vu Industrial Park. With a total capital of more than 44.5 million USD, the project provides warehousing, storage of goods and containers, expected to be operational from the third quarter of 2026. Then, last June, Innox Ecom Vina Co., Ltd. (under INNOX Holdings Group) also inaugurated a project to produce silicon cathode material (SiO) – a key component in electric vehicle batteries – in the Nam Dinh Vu Duty Free Zone and Industrial Park, in the Dinh Vu – Cat Hai Economic Zone. With an investment capital of 20 million USD, the factory has an area of 6,000 m2, a capacity of 800 tons of products/year and all output is exported to Europe and America.
At the working session with the Hai Phong Economic Zone Management Board on August 25, many Korean enterprises affirmed that they will continue to accompany and research to expand more investment activities as well as new projects in the city in the coming time. In particular, Korean enterprises highly appreciate the development potential after Hai Phong is merged, along with the innovation and openness of the city’s leaders and the Hai Phong Economic Zone Management Board. This brings confidence and is a new source of inspiration for Korean corporations to increase their presence here.
Mr. Le Trung Kien, Member of the Standing Committee of the City Party Committee, Head of the Hai Phong Economic Zone Management Board, affirmed that he will always accompany businesses, promptly remove difficulties within his authority, and at the same time coordinate and propose to the sectors and the city issues beyond his authority. Mr. Kien also said that Hai Phong is focusing on developing the Southern Coastal Economic Zone, proposing to establish the Northern Economic Zone, Specialized Economic Zone and many new industrial zones, to create more room to attract investment from foreign investors, including investors from Korea.
The leaders of the Hai Phong Economic Zone Management Board emphasized that Hai Phong always considers Korean enterprises as the most important partners and hopes that Korean corporations and companies will not only expand their presence but also call for more new investors to participate in the city’s development process in the coming time.
