Hai Phong
Vietnam's only 10-year double-digit growth city—LG $10.6B invested, $45.6B cumulative FDI, Lach Huyen deep-water port (12,000 TEU ships), 43 industrial parks.
Hai Phong is Vietnam's only locality to maintain double-digit growth for ten consecutive years, ranking 5th nationwide in economic scale by 2024. The port city attracted $4.35 billion FDI in 2024 alone—doubling the annual target—bringing cumulative foreign investment to $45.6 billion from 50 countries. LG Group leads with $10.59 billion invested; LG Display's $5.84 billion facility anchors the electronics manufacturing cluster.
Lach Huyen deep-water port—Vietnam's first in the North capable of receiving 12,000 TEU container ships—eliminated the need for transshipment through Hong Kong or Singapore. Container throughput reached 1.2 million TEU through July 2025 (up 34% year-on-year); total cargo traffic hit 190 million tonnes in 2024, projecting 212 million by end of 2025. Vingroup's $14 billion seaport expansion targets 90 million tonnes annual capacity by 2030.
43 industrial parks now cover 12,100+ hectares; 12 new parks (3,269 hectares) opened from late 2024 to early 2025. The Dinh Vu-Cat Hai economic zone (22,500 hectares) serves as the FDI magnet. Hai Phong's comprehensive multimodal access—road, rail, inland waterways, aviation, deep-sea—makes it Vietnam's logistics nerve center. By 2026, the Nam Do Son deepwater port and Tien Lang international airport begin transforming the southern coastal zone.