Infrastructure plays a crucial role in the economic and social development of a country, and economic growth goes hand in hand with the need for significant investment in infrastructure. In Vietnam, seaports are an essential part of the effort to build and upgrade social infrastructure. Additionally, they serve as a driving force for the development of both maritime and national economies. Furthermore, seaports serve as trade routes for goods, linking various transportation methods from sea routes to railways, roads, and inland waterways.

The Port Authority of New York and New Jersey, (PANYNJ) is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorized by the United States Congress. The Port Authority oversees much of the regional transportation infrastructure, including bridges, tunnels, airports, and seaports, within the geographical jurisdiction of the Port of New York and New Jersey. This 1,500-square-mile (3,900 km2) port district is generally encompassed within a 25-mile (40 km) radius of the Statue of Liberty National Monument. The Port Authority is headquartered at 4 World Trade Center. The Port Authority operates the Port Newark–Elizabeth Marine Terminal, which handled the third-largest volume of shipping among all ports in the United States and operates six bi-state crossings: three connecting New Jersey with Manhattan, and three connecting New Jersey with Staten Island. The Port Authority Bus Terminal and the PATH rail system are also run by the Port Authority, as well as LaGuardia Airport, John F. Kennedy International Airport, Newark Liberty International Airport, Teterboro Airport and Stewart International Airport.

Working session between representatives of the Port Authority of New York and New Jersey (PANYNJ) with the Hai Phong delegation and group of American and Vietnamese investors

During the working trip to the United States, as part of the High-Level Week of the Asia-Pacific Economic Cooperation (APEC) Forum 2023, a memorandum of understanding was signed between PANYNJ and the city of Hai Phong, along with the Vietnam-US Investor Consortium consisting of Saigon Telecommunication and Technology Corporation (Saigontel), Kinh Bac City Development Holding Corporation (KBC), and Energy Capital Vietnam Company (ECV). The parties signed the MOU to collaborate on the research of the international airport complex project in Tien Lang, Nam Do Son port, railway system, logistics center, and Hai Phong World Trade Center with the aim of benefiting all parties in areas such as operational optimization, business and marketing development, innovation, sustainability, and transformation.

Memorandum signing ceremony between PANYNJ and Hai Phong city along with the group of Vietnam - US Investor

After the signing ceremony, Mr. Le Tien Chau - Central Committee member, Secretary of the Hai Phong City Party Committee led the working delegation to visit and work with PANYNJ along with the Investor Consortium including Mr. Dang Thanh Tam - Chairman of KBC, Ms. Nguyen Cam Phuong - General Director of Saigontel, and Mr. David Lewis - Chairman of ECV. The delegation was welcomed by Bethann Rooney, port director, and the port leadership. During the visit, the parties exchanged insights and discussed the research, construction, management, and operation of airport projects, railways, logistics centers, and commercial centers. Additionally, they discussed development directions and future visions.

Promoting investment with leading partners in the field of infrastructure development from the United States brings potential and development opportunities which helps Hai Phong City to become one of the leading cities in Asia and the world. This contributes to enhancing the city's infrastructure development, as outlined in the general planning for the city in 2040 with a vision to 2050, which has been approved by the Prime Minister. It also strengthens the cooperative relationship between Vietnam and the United States following the establishment of the Comprehensive Strategic Partnership for peace, cooperation, and sustainable development.

Investment Promotion Department.