In the afternoon September 19^th, 2016, at the Hai Phong Convention Centre , the Investment Promotion Conference 2016 of Hai Phong city namely "Hai Phong - Investors Destination" held solemnly. The conference attracted nearly 500 delegates from the ministries, central agencies, embassies, international organizations, the Office of Trade and Industry of countries in Vietnam, potential investors. The Prime Minister Nguyen Xuan Phuc attended and directed the conference.

Mr. Dang Thanh Tam and Mrs. Nguyen Thi Thu Huong – two representatives from Kinhbac City Development Holding Corporation (KBC) which has invested in Haiphong city for nearly 10 years and has been the leading company in term of attracting FDI, was honored to participate in this conference.

At the conference, in the presence of the Prime Minister, leaders of ministries and central agencies, leaders of Hai Phong city and delegates, KBC and involved participants had 5 , as follows:

1. The signing ceremony of memorandum of understanding (MOU) between People’s Committee of Haiphong city and Kinhbac City Development Holding Corporation that allowed Saigon-Haiphong Industrial Park Corporation to be in charge of investing infrastructure for the 3^rd phase of Trang Due Industrial Park with 600ha which is in Dinh Vu-Cat Hai economic zone in An Lao district, Hai Phong city.

The signing ceremony of MOU the Project on expanding Trang Due IP (the 3^rd phase)

2. The MOU signing ceremony between Saigon-Haiphong Industrial Park Corporation (SHP) and KAS Holdings Co.,Ltd in which KAS Holdings will lease 10ha land of SHP in Trang Due IP the 3^rd phase (expanded area) in An Lao district, Hai Phong city, aiming to implement investment project on haulage, goods delivery with the toal invested capital of nearly 150million USD.

The MOU signing ceremony between SHP and KAS Holding Co.,Ltd

3. The MOU signing ceremony between SHP and Luxshare-ICT Inc (America) in which Luxshare-ICT Inc will lease 15ha land of SHP in Trang Due IP (the 2^nd phase) in order to implement their investment project with the total invested capital of 300 million USD.

The MOU signing ceremony between SHP and Luxshare-ICT Inc (America)

4. The ceremony of giving Investment registration certificate (IRC) from People's Committee of Hai Phong City to Vietnam Haiphong LG Innotek Co., Ltd to implement an investment project that produces high-tech products in Trang Due IP with 10ha leased land and the total invested capital of 550 million USD.

5. The ceremony of giving Investment registration certificate from People's Committee of Hai Phong City to Vietnam Ohsung Co.,Ltd to implement an investment project in Trang Due IP with the total invested capital of 20 million USD.

The ceremony of giving IRC to companies

With the pivotal strategic position, Hai Phong city has been focusing on develop transportation system, infrastructures which are national projects such as: International airport, Lach Huyen seaport, highway…. Being in Dinh Vu – Cat Hai economic zone which offers many incentives, attracts variety of vital projects entering Trang Due industrial park. The first phase of Trang Due IP has been fulfilled for only 1 year since the date of the Decision from the Prime Minister that allowed Trang Due IP to be a part of Dinh Vu – Cat Hai EZ came into effect.

In 2014, Trang Due IP extended its area for the 2^nd phase, approved by the Hai Phong city with 214ha area. Many Korean investors which has the total investment capital of over 100 million USD jumped into the IP. 80% of the 2^nd phase of the IP was covered  within 2 years of operation.

Since the beginning of 2016, 2.2 billion USD was poured into Trang Due IP which accounted for 85% of the total value. In total, 400ha of the two phase has attracted 5 billion USD. The average investment capital of a project is 21.5 million USD/ha. That result went beyond what was expected and made Hai Phong to be one of the best province in term of FDI attraction nationwide, while also help Hai Phon to form a large production center of electrical equipment, electronics, high-tech microelectronics, environmentally friendly, not only of the city but of the northern coast.

As the result, expanding its area to the 3^rd phase is extremely necessary to meet the demand of investors.

With numerous opportunities, potentiality and advantages, Hai Phong city has had a strategic policy for expansion of Trang Due IP in An Lao district. The special event at the conference this afternoon on Sep 19^th 2016, in the presence of the Prime Minister, leaders of ministries and central agencies, leaders of Hai Phong city and the participants of the Conference, along with the signing ceremony of leasing land to big investors, the MoU on the expansion 3^rd Phase of Trang Due Ip to the size of 600 ha was signed between the People's Committee of Hai Phong (Vietnam) and Corporation Kinhbac City Development Holding Corporation (KBC) on assignment for Saigon - Hai Phong Industrial Park Corporation (subsidiary of KBC) to build the expansion plan and being the developer of Trang Due Industrial Park the 3^rd Phase, the scale of 600 ha and located in the Dinh Vu - Cat Hai IP, in An Lao District, Hai Phong city.

 KBC’s leaders participated in the Hai Phong investment promotion conference 2016

KBC is planning to finish 400ha with clean surface, making it ready for investors to build factories. Based on investment interest rate, the 3^rd phase of Trang Due IP is expected to get from 5 to 7 billion USD in the period of 2017-2020 and the total investment capital would rise to 10 billion USD.