Hai Phong industrial parks’s Development and contribution in Vietnam Economy

In the five years from 2016 to 2020, industrial parks in Hai Phong city contributed to the total state budget revenue of VND31,769 billion. In 2020, the budget payment reached VND 8,803 billion, equal to 88% compared to the same period last year.

Therefore, the policy of developing new industrial parks in Hai Phong is a part of the city’s long-term economic development strategy also stemming from the great efficiency and benefits of industrial parks that have contributed over the years.

Up to June 2021, Hai Phong has 12 industrial parks that have been put into operation. There are 8 industrial parks located in Dinh Vu – Cat Hai Economic Zone and 4 others located outside Dinh Vu – Cat Hai Economic Zone. Plus, industrial parks in the city have attracted 570 domestic and foreign investment projects, of which 403 FDI projects with a total investment of 17.1 billion USD and 167 domestic investment projects with a total investment capital of up to 6.2 billion USD.

In the first 5 months of this year, enterprises in industrial zones had more than 20% growth in revenue, export turnover increased by more than 30%, and budget payments increased by 10%. The industrial zones have created jobs for nearly 160,000 workers. It can be seen that, despite facing the COVID-19 pandemic, the industrial zones have been doing their job very well, at the same time, contributing greatly to the economic development of the city.

In the first 8 months of 2021, many projects increased capital from tens to hundreds of millions of USD such as Ohsung Vina Company in Trang Due Industrial Park, which increased by 19 million USD; Tongwei Electronics Co., Ltd. in An Duong Industrial Park increased by 31 million USD. In particular, some large corporations have decided to invest more money in industrial parks: LG Group (Korea) decided to continue pouring an additional 750 million USD into the LG Display (LGD) factory project in Trang Due Industrial Park.

LG-Hải Phòng

Many new projects have a large capital scale, up to tens of millions of USD such as Vision Best Holdings invested nearly 20 million USD to build a factory in An Duong Industrial Park.

Nam Dinh Vu Industrial Park

Nam Dinh Vu Industrial Park is one of the large-scale industrial zones of Hai Phong. According to Mr. Nguyen Thanh Phuong, General Director of Sao Do Group, when the planning has been aimed at building an industrial park with many functional subdivisions to form an ecosystem that complements each other, the output of one enterprise can be the input of another enterprise.

In particular, the port and logistics division with a scale of more than 200ha, is one of the most potential convergence areas, with 7 container and general cargo ports, bonded warehouses and logistics areas invested in infrastructure with modern and synchronous standards. This is the highlight of Nam Dinh Vu Industrial Park.

Although the Covid-19 pandemic is complicated, with the initiative, only in the third quarter, Nam Dinh Vu Industrial Park attracted 3 investors for 3 new projects, with a total investment of up to 200 million USD, which is important for the Hai Phong economy in the wave of covid-19 full of difficulties and challenges.

BW-Nam Đình Vũ

Deep C Hai Phong Industrial Park

After 24 years of continuous effort and improvement, Deep C Hai Phong has laid the foundation for the formation and development of deep C industrial park complex with an area of 3400 hectares today, becoming one of the largest industrial parks in northern Vietnam and making important contributions to the economy of Hai Phong city.

According to Bruno Jaspaert, General Director of DEEP C Industrial Park Complex, the company is currently implementing three industrial parks in Hai Phong. Deep C Industrial Park encompasses more than 900 basic hectares. DEEP C II covers an area of more than 600 hectares and has attracted more than 30 investors. To date, DEEP C has attracted 120 investment projects with a total capital of more than 4 billion USD, creating jobs for about 30,000 workers.

VSIP Hai Phong Industrial Park

With an area of up to 1,600 hectares, VSIP Hai Phong joins one of the largest industrial parks in Hai Phong. In addition, taking advantage of the geographical location of the industrial park: less than 5km from the city center, connecting the key cluster of Hai Phong city by the East-West Highway with the South-North axis and National Highway 10 of Highway 359, only 8km from Hai Phong port, 15km from Cat Bi International Airport, VSIP Hai Phong Industrial Park has been performing well and making positive contributions to the Hai Phong economy.

As of September 2021, there have been two projects at VSIP Hai Phong that have attracted a large amount of investment capital: Hiltron Technologies’ project increased capital by 33.8 million USD; Shanghai Moons’ Electronics is worth $18 million.

Thanks to the efforts and success in preventing and controlling the COVID-19 pandemic, industrial parks in Hai Phong in particular and Hai Phong city, in general, have been making this city a safe destination, creating great trust and investment desire from domestic and international investors.