Sao Do Group intensifies on-spot investment promotion

Annually, many international business delegations visit and have working sessions with Haiphong management authorities.

In March and April alone, dozens of business delegations from China, Taiwan, South Korea, and several other countries visited Haiphong for a market survey to learn about the local investment environment, and explore partnership prospects.

This has ushered in multiple opportunities for collaboration in promising domains such as logistics, renewable energy, technology transfer, green growth, among others.

“The city's investment promotions with international businesses create tremendous opportunities for both parties. For Nam Dinh Vu Industrial Park (IP), we have the chance to increase exposure about the image and benefits of the IP, as well as its infrastructure and amenities to investors,” said Nguyen Thanh Phuong, general director of Sao Do Group, the developer of Nam Dinh Vu IP.

“Earlier, we reached the investors through invites or using VR software, which recreated the IP picture and associated amenities in virtual 3D space. Through physical meetings, the investors can verify the veracity of the information they are provided, as well as analyse the potentials and prospects of whether the IP is fit for their investment decisions."

Sao Do Group joined hands with the city to organise a business networking event for Haiphong - Hong Kong

Phuong said that when investors visit Nam Dinh Vu IP through meetings with the city, they learn not only about the IP infrastructure but also the local supply chain which connects firms in the zone.

The recent business networking event for Haiphong and Hong Kong (China) businesses on April 14 was one of the on-the-spot marketing events planned by Sao Do Group, which brought more than 80 Hong Kong firms.

The delegation had met Sao Do Group’s top leaders, visited Nam Dinh Vu IP, an internal port, and the GNP Nam Dinh Vu industrial hub.

Representatives of Hong Kong Business Association Vietnam (HKBAV) praised the benefits and prospects for investment in Nam Dinh Vu IP.

Michael Chiu, chairman of HKBAV, said that Haiphong was a developed city buoyed by an open government and many business-friendly policies, meanwhile Nam Dinh Vu IP has many advantages, such as its position in a non-tariff zone, robust infrastructure, and, most crucially, an international seaport located just adjacent to the IP, making it straightforward to join the supply chain.

“With these advantages, I believe Nam Dinh Vu will bring significant value to businesses who invest here,” said Chiu.

“After surveying Nam Dinh Vu IP, I believe the IP still has a lot of development potential, with many opportunities for businesses and foreign investors to make long-term investments here,” said Colliers Vietnam's CEO David Jackson.

Hong Kong business delegation visited Nam Dinh Vu Port in Nam Dinh Vu IP of Sao Do Group

On April 19, Haiphong Economic Zones Management Authority chose Sao Do Group’s Nam Dinh Vu IP as the site for a delegation from Korea's Inha University to take a field trip. During discussion, the two parties reviewed the human resource situation and demands of firms operating in Nam Dinh Vu IP.

The Sao Do Group leader said there was a commitment to always welcome investors and businesses to provide the best conditions for new foreign direct investment (FDI) inflows into Nam Dinh Vu IP.

Sao Do Group continues to investment promotion focusing on high potential investors

Spanning 1,329 hectares, Nam Dinh Vu IP has enticed more than 50 foreign-invested projects from Japan, Korea, China, Hong Kong (China), the United Kingdom, among others.

With its own port, plus a modern and seamlessly invested logistics network, Nam Dinh Vu has distinct strength compared to many other IP as it is the only IP in Haiphong having an international seaport.

This area currently has seven container and general cargo terminals, bonded warehouses, and a variety of additional services.

Nam Dinh Vu IP’s first-phase investment, covering 370ha space, has been filled by investors.

In the second phase involving more than 959ha, investment in infrastructure construction has been taken place since 2019, featuring three subdivisions.

Subdivision 1, covering 220ha in size, has completed infrastructure construction and is presently attracting investment with an occupancy rate reaching 85 per cent.

Subdivision 2, now in the stage of ground levelling and technical infrastructure construction over 280ha space, is slated for completion in the fourth quarter (Q4) of this year.

The last subdivision encompassing 459ha is in the stage of ground levelling to meet the needs of secondary investors and is slated for completion in Q4/2025.

Sao Do Group is committed to spurring investment promotion focusing on high-potential clients such as Pegatron's supply chain and businesses belonging to leading global players such as GE, Doosan, SKC, Mitsubishi, and more.

Vietnam an attractive spot for startups: Bloomberg Bloomberg on February 14 published an article “Silicon Valley talent is helping grow Vietnam’s startup hub”, quoting founders’ opinion that an abundance of inexpensive engineers coupled with a fast-growing economy makes Vietnam an attractive spot for startups.

Vietnam needs to improve investment promotion Vietnam’s economy has seen impressive growth in recent years and the business environment has improved. However, the majority of foreign investors are still missing out on many opportunities here, says Le Huu Quang Huy, former investment counsellor of the Vietnamese Embassy to Japan.

Hanoi spurs outbound investment promotion From October 27 to November 4, Hanoi’s Investment, Trade and Tourism Promotion Delegation headed to the United States and Belgium to foster promotion activities after a long period of interruption.