Possessing the advantages of inner seaports, Nam Dinh Vu Industrial Park of Sao Do Group continuously attracts new projects, accelerating the progress of leveling vacant land funds to meet the needs of investors.
Since the U.S.-China trade war erupted in 2018, the U.S. and several developed countries have been pushing for a partial shift of supply chains out of China. As a result, ASEAN (including Vietnam), because of its proximity to China, has received large FDI inflows in recent years.
Vietnam is considered the most attractive destination in ASEAN due to its international seaport system, high-qualified industrial park infrastructure and stable policies, and is also a member of CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and RCEP (Regional Comprehensive Economic Partnership).
Especially in the context of the epidemic that is still complicated in the world, aviation, road transport are facing many difficulties and sea transport is the optimal transportation channel, ASEAN countries with port advantages will have more technical. Hai Phong has one of the two types of 1A seaports (international gateway ports).
According to Mr. Nguyen Thanh Phuong – General Director of Sao Do Group – the investor of Nam Dinh Vu Industrial Park, from the beginning of 2021, the industrial park has continuously attracted new projects, and the group also accelerate the progress of leveling vacant land fund to meet the needs of investors. He explains the rising inflow of FDI into Vietnam in general and into Hai Phong in particular in the 9 months of 2021 despite the impact of the fourth outbreak.
According to Mr.Phuong, with the advantage of having seaports located in the inner city, the port and logistics subdivision are one of the most potential convergence areas of the industrial park. They own a scale of nearly 200ha and the scale of 7 container ports and a total investment of VND 6000 billion.
The entire technical infrastructure of Phase I of Nam Dinh Vu port has been currently completed with 2 operating docks. Its capacity is around 800,000 to 1 million TEUs per year. The next two terminals of phase II are in the process of investment. They are expected to be completed and put into operation in the mid of 2022.
Mr. Phuong added that Sao Do Group has also invested in a 13ha bonded warehouse and is currently putting it into operation effectively, gradually contributing to improving facilities and services for this area. In the coming time, the group will invest in building a liquid port bridge that provides petroleum, gas and natural gas services to industrial customers.
In addition, Mr.Phuong also emphasized, “In addition to developing port advantages in the INDUSTRIAL PARK, we also use virtual reality technology to help FDI investors visit Nam Dinh Vu Industrial Park remotely; promote infrastructure investment to create a large enough land fund for large-sized business and expand ready-built factories. All these factors will help Nam Dinh Vu Industrial Park increase services and business efficiency for investors”