Flagship non-tariff, logistics, and industrial zone project kicks-off in Haiphong

When the phoenix flowers bloom in May, people in Haiphong joyfully look forward to the anniversary of the city's complete liberation. Many special and meaningful activities are organised by the City People's Committee to welcome this great occasion.

In particular, the groundbreaking ceremony for the Lach Huyen tariff-free, logistics, and industrial zone project in the Dinh Vu-Cat Hai Economic Zone was of special interest.

Nearly 300 delegates and guests attended the ceremony

Prime Minister Pham Minh Chinh attended the ceremony with nearly 300 guests including delegates from the central government and Haiphong city, leaders of local departments, sectors, and branches, officials from other provinces and cities, and representatives of embassies and the Taiwan Business Association, along with many domestic and foreign partners and media reporters.

The groundbreaking ceremony for the project was met with great expectation

The event took place on the occasion of the 68^th anniversary of Haiphong Liberation Day (May 13, 1955 - May 13, 2023).

The key logistics development project

In his speech at the event, PM Chinh expressed delight that the Lach Huyen non-tariff, logistics, and industrial zone project is being developed in accordance with the public leadership-private governance model, in which, the government develops mechanisms and policies and invests in infrastructure to connect to the project, while businesses invest in the internal infrastructure, call for secondary investors, and manage operations.

The PM asked ministries, departments, branches, and Haiphong city to continue devloping mechanisms, policies, premises, and transport and connection infrastructure so that Xuan Cau-Lach Huyen Investment JSC can accomplish the project's development goals.

Prime Minister Pham Minh Chinh delivering his speech at the ceremony

The Lach Huyen non-tariff, logistics, and industrial zone project is identified as a key project in 2023 according to Haiphong People's Committee, forming a fundamental part of the city's logistics development journey.

Nguyen Van Tung, Chairman of Haiphong People's Committee said, “With the advantage of being part of the Lach Huyen international deepwater port, which can receive cargo ships of up to 150,000DWT from all over the world, and as a non-tariff zone, the Lach Huyen tariff-free, logistics, and industrial zone project has many opportunities to draw investment while developing into a production centre and a regional and global logistics hub.”

The construction of the Lach Huyen non-tariff, logistics, and industrial zone aims to contribute to perfecting the functions of the Cat Hai area, creating synchronisation and strengthening the investment attraction, trade promotion, and socioeconomic development of Haiphong city and the northern region.

Echoing the vision of Haiphong city, the investor representative said, “Xuan Cau-Lach Huyen Investment JSC has set forth the target of turning the site into a production hub and a logistics and transshipment centre, with the aim of developing Lach Huyen deepwater port into an international transshipment facility.”

The shifting trade flows bring prosperity hallmark

The formation of Lach Huyen non-tariff, logistics, and industrial zone will complete the infrastructure and functional subdivisions of Lach Huyen international deepwater port area in particular and of Haiphong in general.

The project is expected to create a new hub for goods transshipment, affecting the shift of the world's inherent trade flows and forming the basis to attract overseas funding to Haiphong and the northern region, thereby driving development in many economic and social respects.

The groundbreaking ceremony brought joy, excitement, and the belief that the Lach Huyen tariff-free, logistics, and industrial zone project will soon be formed and have many positive impacts.

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