Hai Phong Southern Coastal Economic Zone established
(VOVWORLD) - The Southern Coastal Economic Zone of Hai Phong is expected to broaden the port city’s development space and growth momentum, according to a decision on establishing the zone announced on Thursday.
 Deputy Prime Minister Tran Hong Ha (C) presents the decision on the establishment of the Southern Coastal Economic Zone to Hai Phong representatives, January 16, 2025. (Photo: VOV) |
The Hai Phong Southern Coastal Economic Zone, located southeast of the city, covers 20,000 hectares. It is designed to be a multi-sector world-class economic zone focused on high-tech industry, modern logistics services, smart urban areas, eco-tourism, and a pilot free trade zone.
It is expected to become a new growth driver and provide a stepping stone for Hai Phong to affirm its position as a maritime economic hub, an international logistics centre, and a major growth engine for the region and the country.
By 2030, the zone is expected to contribute 21 billion USD to the state budget and generate 300,000 jobs.
Deputy Prime Minister Tran Hong Ha said Hai Phong must ensure that its development planning focuses on building a smart city with green, clean investments while preserving its unique identity.