Northern Hai Phong city’s economic and industrial zones attracted an estimated $915.3 million in foreign direct investment (FDI) in the first quarter of 2026, according to the Hai Phong Economic Zone Authority.
The figure exceeded the quarterly target of $900 million by 1.7%, surged 93.9% year-on-year, and fulfilled 25.4% of the city’s full-year FDI goal of $3.8 billion.
Domestic investment also posted strong growth, reaching more than VND22.6 trillion (approximately $967.8 million) during the period.
The authority attributed the positive results to administrative reforms across investment, planning, construction, environment, and labour, alongside digital transformation efforts. These measures have helped accelerate procedures, resolve bottlenecks for investors, and facilitate project implementation.
Mr. Pham Van Thep, head of the Hai Phong Economic Zone Authority, said the city will step up investment promotion in the second quarter, with a focus on attracting more FDI to meet its 2026 target of $3.8–4.3 billion.
The authority also plans to fast-track planning and development of the southern coastal economic zone and specialized industrial zones to support future investment inflows.
Google translate