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Hai Phong

Trip Planner Asia  /  Vietnam  /  Hai Phong
Haiphong is the third largest city of Vietnam beside Ha Noi and Ho Chi Minh City with population of over 2 million people. The city's name means "coastal defense" and it is nicknamed the Flamboyant City because of the many flame trees planted throughout it. Hai phong is northern Vietnam's most important seaport and has many industrial parks invested by multinational corporations.EconomyHaiphong is a " major economic center" of the North in particular and Vietnam in general both. Under French domination, Haiphong was level 1 city, equal to Saigon and Hanoi. The last years of the 19th century, the French had proposed to build Haiphong into "economic capital" of Indochina. Today, Haiphong is still one of the most important economic center of Vietnam, from 2005 until now, the city is always in the top five of cities contributed most for national budgets, always stands at the 4th place after Ho Chi Minh City, Ba Ria - Vung Tau and Hanoi. In 2009, Haiphong state budget revenue reached 34,000 billion Vnd. In 2011, budget revenues in the city reached 47 725 billion, increase 19% compared to 2010. In 2015, total revenues of the city reached 56 288 billion. Government plans that to 2020, Haiphong's revenues will be over 80,000 billion and the domestic revenue reached 20.000 billion. In the ranking of the Provincial Competitiveness Index (PCI) 2013 of Vietnam, Haiphong city ranked at No. 15/63 provinces. Hai phong has relationship of trading goods with more than 40 countries and territories around the world. Haiphong is striving to become one of the largest commercial centers of the country.IndustryIndustry is a key sector in Haiphong including food processing, light industries and heavy industries. Major products include fish sauce, beer, cigarettes, textiles, paper, plastic pipes, cement, iron, pharmaceuticals, electric fans, motorbikes, steel pipes and ships and out-sourcing software implementation. Most of these industries have been growing significantly between 2000 and 2007, with the exceptions of the cigarette and pharmaceutical industries. Shipbuilding, steel pipes, plastic pipes and textiles are among the industries with the most rapid growth.
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