Industrial park in Hai Duong Province are attracting both domestic and international investors. What makes Hai Duong appealing to investors? In the past, when discussing industrial zones in northern Vietnam, provinces like Hanoi, Bac Ninh, Hai Phong, and Quang Ninh were the prominent names. However, in recent years, Hai Duong has emerged as the hottest name in industrial park development.
Amid the global COVID-19 pandemic, which caused significant economic and social losses and disrupted global supply chains, foreign investors have become more cautious in their investment decisions. At the same time, they are diversifying their investment locations. Hai Duong has been quick to recognize this trend and has made significant efforts to prepare for these investors, positioning itself as a bright spot for investment.
The Scale and Impact of the Industrial Parks
In 2003, the Vietnamese Prime Minister approved the establishment of the first three industrial parks (IP) in Hai Duong, covering a total area of 320 hectares. Over 18 years of continuous development, Hai Duong has received approval for an additional 18 industrial parks, totaling 3,517 hectares.
In early 2021, the Prime Minister also approved infrastructure investment projects for four industrial parks: An Phat 1 (Nam Sach District – 180 hectares), Gia Loc IP (Gia Loc District – 198 hectares), Kim Thanh IP (Kim Thanh District – 164.98 hectares), and Phuc Dien Expansion IP (Binh Giang District – 214.57 hectares), along with two previously established parks in Cam Giang District, including Dai An and Tan Truong.
Industrial park in Hai Duong How Attracts Investors
Transportation Advantages Located in the heart of the Red River Delta economic triangle—Hanoi, Hai Phong, and Quang Ninh—Hai Duong offers strategic access to the region’s transportation network. Investors can easily transport goods to seaports, airports, and move smoothly through their supply chains, saving both time and costs.
- Road: Several national highways pass through Hai Duong, such as National Roads 5A, 138, 18, and 38, covering a total length of 99 km.
- Rail: The Hanoi-Hai Phong railway runs through Hai Duong, with seven stations, efficiently supporting cargo transportation.
- River: Hai Duong has a 400-kilometer river system that can handle vessels weighing up to 500 tons, including the Cống Câu port with a capacity of 300,000 tons per year.
- Air: The province is located near two major northern airports, Noi Bai International Airport (Hanoi) and Cat Bi Airport (Hai Phong).
- With such a well-developed and modern transportation system, Hai Duong is an excellent location for economic exchanges both regionally and internationally. Many large global corporations, including Samsung and Foxconn (in Bac Ninh and Bac Giang), BenQ and Wistron (in Ha Nam), and Pegatron (in Hai Phong), are already operating nearby, making it a potential market for supporting industries.
Human Resource Advantages Hai Duong
Hai Duong is the second most populous province in northern Vietnam, with a population of over 2.3 million people. More than 57% of its population is in the working age range, providing a significant labor force for industrial development. Furthermore, it shares borders with six other provinces—Bac Ninh, Bac Giang, Quang Ninh, Thai Binh, Hung Yen, and Hai Phong—all of which contribute a rich supply of skilled labor.
Natural Resource Advantages Hai Duong is rich in natural resources, including limestone (approximately 200 million tons), clay (8 million tons), kaolin (400,000 tons), and bauxite (200,000 tons), all of which are beneficial for the construction materials industry.
Modernized Development Philosophy for Industrial Parks Hai Duong has worked to create a progressive mindset and operational approach for its industrial parks. Its development philosophy centers on “maximizing potential and creating differentiated value.” It has applied the principles of Decree 82/2018/ND-CP, governing the management of industrial zones and economic zones, to create sustainable industrial growth.
Business Environment and Investor Support
The province has made significant progress in simplifying administrative procedures for investment, following the “5 Clear” principle: Clear tasks, clear responsibilities, clear schedules, clear results, and clear accountability. Hai Duong also embraces digital governance and supports a 4.0 digital economy to adapt to rapid technological changes.
Investors in Hai Duong can expect a transparent, efficient, and modern investment environment, with infrastructure development aimed at ensuring connectivity within and beyond the region.
Looking to the Future (2021-2030)
Hai Duong plans to expand its industrial parks to a total of 10,200 hectares by 2030. The province aims to become a modern industrial hub, with a focus on green, sustainable growth and the application of advanced technologies.
By 2030, Hai Duong intends to become a central province with a robust economy based on high-tech industries, organic agriculture, and smart cities. The government is committed to supporting investor needs, with a strong emphasis on human resource development, business environment improvements, and investment in infrastructure.
With its strategic location, strong government backing, abundant resources, and skilled workforce, Hai Duong’s industrial parks are set to remain an attractive destination for both local and foreign investors.
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