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With advantages in location, infrastructure and investment attraction policies, Hai Duong industrial real estate is proving its attractiveness to domestic and foreign enterprises.
Favorable location
Hai Duong is considered to have a favorable location in the center of the Red River Delta and in the Northern key economic region, acting as a bridge between Ha Noi and the port city of Hai Phong and the tourist city of Ha Long.
Hai Duong - Hai Phong - Quang Ninh is also a key economic triangle in the eastern area of the Northern key economic region, enjoying a complete inter-regional transport system, including railways, national highways, and expressways, and close to major airports such as Noi Bai and Cat Bi.
Inter-provincial and intra-provincial transport systems that have been being built are another plus point for Hai Duong industrial parks (IP) since the transportation of businesses’ goods is convenient and cost-saving.
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Hai Duong also has many vocational schools with increasingly-improving quality of labor, suitable for supporting industry enterprises.
In addition, businesses investing in the province are entitled to a lot of support policies and favorable conditions such as tax incentives and quick administrative procedures.
Potential
Hai Duong province has been approved by the Prime Minister to establish 32 IPs by 2030 with a total area of about 5,661 hectares. To date, the province has had 17 IPs with a total detailed planning area of about 2,738 hectares.
Of these, 12 IPs have had infrastructure or gone into operation, 4 are under site clearance, infrastructure construction, or investment attraction, and procedures are being carried out for site clearance for the rest.
Hai Duong has the 5th largest industrial land area in the North of Vietnam, according to Savills Vietnam’s whitepaper on industrial real estate.
Cushman & Wakefield Inc., a global commercial real estate services firm, has also recorded many requests from investors interested in the Hai Duong market.
It can be affirmed that Hai Duong owns a large supply and is ready for investment projects with diverse scales.
New investment waves
Cong Hoa IP in Chi Linh city welcomed two new foreign investors right at the beginning of 2025, according to the IP investor.
Up to now, the occupancy rate of the IP has reached 98%, with an average investment of 10 million USD/ ha.
The IP mostly attracted high-tech, modern enterprises that use little labor; thus industries there focus on the production of electronic components, accessories, and auxiliary products.
The investors of some new IPs like extended Dai An, extended Phuc Dien, and Gia Loc are also urgently completing infrastructure to welcome new investment waves.
At the end of September 2024, China’s Deli Group officially started its Deli Hai Duong Stationery Factory Project on about 21,248 ha of land in the extended Dai An IP, with a total investment of 270 million USD.
Accompanying businesses
Hai Duong province lured 734 million USD in foreign direct investment (FDI) in 2024, mostly to new IPs and in the fields of energy, processing and manufacturing, and stationery.
To date, the province has attracted over 603 FDI projects from 27 countries and territories with a total registered capital of more than 11.018 billion USD.
This year, IPs in Hai Duong are determined to accompany the province to achieve the goal of drawing at least 1 billion USD in FDI and 8,500 billion VND in domestic direct investment.
Hai Duong also aims to build an additional 15 IPs in the 2021 - 2030 period.
To fulfill these targets, the province has stepped up support for businesses, especially creating the most favorable conditions and fastest procedures for businesses wishing to change the production and business fields of their projects and plans.
Many IP investors have also invested in ready-built workshops to facilitate secondary investors.
According to the leader of COMA 18 JSC., the investor of Kim Thanh IP infrastructure, upon completion, the IP will provide secured and convenient ready-built workshops with flexible scales.
Customers of the IP will enjoy a lot of tax exemption and reduction policies, such as 100% exemption of corporate income tax in the first two years, 50% reduction of corporate income tax in the next four years...
With existing advantages and active support policies from the government and investors, Hai Duong industrial real estate continues to be a bright spot on the investment map in the Northern region of Vietnam.
With the current development momentum, the province will soon achieve its goal of becoming a key industrial center with great contributions to the regional economic development.
MINH NGUYEN
