Hai Phong Industrial Park
As a key economic engine in Northern Vietnam, Hai Phong is rapidly emerging as a strategic industrial and logistics hub. Leveraging its advantageous location and robust infrastructure, the city’s industrial parks (IPs) have become a magnet for both domestic and foreign capital, playing a vital role in the region’s economic transformation.
Overview of Hai Phong’s Industrial Park Development
Strategically situated along the North-South economic corridor and serving as Vietnam’s primary gateway to the sea, Hai Phong has developed into a top-tier industrial and investment destination. Its well-developed infrastructure, pro-investment policies, and administrative efficiency have attracted a wave of domestic and foreign enterprises, contributing significantly to the city’s economic growth.
As of the end of 2024, Hai Phong was home to 14 industrial parks spanning more than 6,144 hectares, with over 4,028 hectares allocated for industrial production. The average occupancy rate across the city’s industrial parks and economic zones exceeds 70%. Among them, the Dinh Vu – Cat Hai Economic Zone, covering 22,540 hectares, serves as a key growth engine, attracting high-tech manufacturing, supporting industries, and logistics services (1).
A Hub of Leading Industrial Zones
Hai Phong’s industrial zones are a major driver of the city’s economic development. The manufacturing and processing sector currently accounts for 45.12% of Hai Phong’s GRDP, with a 2024 growth rate of 14.84%. Key high-growth industries include:
- Electronics, computers, and optical products: +14%
- Automotive manufacturing: +70.9%
- Electrical equipment: +21.27% (2)
Key Competitive Advantages
Hai Phong possesses a comprehensive, multimodal transport infrastructure—an integrated system of seaports, highways, air routes, inland waterways, and railways. This positions the city uniquely among Vietnam’s industrial centers.
The city’s port infrastructure is especially noteworthy. The deep-water Lach Huyen International Port, including the TC-HICT terminal, can accommodate vessels of up to 145,000 DWT. The recently inaugurated Hateco terminal further enhances Hai Phong’s shipping capacity, serving two 200,000-DWT container ships simultaneously. This capacity allows businesses to directly import and export without transshipment through other ports, significantly reducing logistics costs (3).
Cat Bi International Airport has also undergone major upgrades, now capable of handling wide-body aircraft like the Boeing 787 and Airbus A350—enabling swift access to global markets. The Hanoi – Hai Phong Expressway shortens transit time between the capital and the port city to just 1.5 hours. The Hai Phong – Quang Ninh Expressway and existing railway connections also support fast cargo movement, creating substantial cost-saving advantages for manufacturers.
A Leading Destination for Investment
With its ideal location and efficient infrastructure, Hai Phong’s industrial zones have become a top choice for investors seeking to optimize supply chains, minimize logistics costs, and access skilled labor. As of January 2025, the city had attracted 1,035 foreign-invested projects with a total registered capital of USD 33.8 billion.
In just the first month of 2025, Hai Phong approved:
- 5 domestic projects with total capital exceeding VND 79.4 trillion (approx. USD 3.39 billion)
- 6 new FDI projects with combined investment of USD 125.65 million (4)
Production projects have also gained momentum. Trakmotive Global Industrial Inc., for example, is building a USD 60 million auto parts factory in Nam Dinh Vu IP with an expected output of 11,400 tons per year.
Global corporations such as LG, Pegatron, USI, and Bridgestone have also chosen Hai Phong as a strategic manufacturing base. Between 2021 and 2025, the city attracted over USD 14.5 billion in FDI—surpassing its five-year target—and maintained an average annual FDI inflow of USD 3.6 billion (6). This confirms Hai Phong’s standing as a preferred destination for multinational investment.
Attractive Investment Policies
Hai Phong offers competitive tax incentives and a highly supportive business environment. Enterprises operating in its industrial parks enjoy:
- Corporate income tax exemptions and reductions
- Personal income tax incentives for employees
- Streamlined administrative and licensing procedures
- Dedicated investor support centers
Nam Dinh Vu IP, for instance, provides end-to-end support from investment licensing, land-use rights, and environmental permitting to on-site customs and logistics services. This comprehensive investor care significantly shortens setup time and lowers entry costs.
Strategic Outlook for 2025 and Beyond
One of Hai Phong’s most ambitious upcoming initiatives is the creation of the Southern Coastal Economic Zone—a 20,000-hectare cluster spanning five districts (Do Son, Kien Thuy, Tien Lang, An Lao, and Vinh Bao). This zone will drive sustainable marine and high-tech economic development across the Red River Delta (7).
The city has set a target of 12.5% GRDP growth for 2025, an ambitious but achievable goal thanks to the continued expansion of industrial production. In January 2025, the Industrial Production Index (IIP) grew by 15.16% YoY. Hai Phong is also committed to building sustainable, eco-friendly industrial zones and leading the national social housing program with a goal of over one million units by 2030. (8)
In conclusion, with world-class infrastructure, investor-friendly policies, and a forward-looking development vision, Hai Phong is redefining Vietnam’s industrial landscape. Its industrial parks offer not only operational efficiency but also long-term value, making them ideal platforms for global manufacturers and investors alike.
Sources:
(1). Heza
(2). Hai Phong Gov
(3). Vietnam
(4). Vietnam News
(5). VN Economy
(6). Hai Phong News
(7). Government Newspaper
(8). Hai Phong Government