The industrial real estate market in Vietnam is experiencing a strong development momentum with a series of new industrial parks (IPs) being established and new flocks of investors every year. In this article, we will list the 28 most prominent newly established industrial parks in 2024.
According to statistics from the General Statistics Office, in 2023, there are397 newly established industrial parks in Vietnam. The total area of new industrial land reached 122,900 hectares. Among them, the majority of projects are concentrated in two key economic regions in the North and South, respectively recording 68 and 122 projects.
However, the level of industrial plan development is not evenly spread across the country. Main investments are concentrated in certain provinces and cities such as Bac Ninh, Vinh Phuc, and Quang Ninh in the North, and Binh Duong, and Dong Nai in the South. This reflects the government’s and investors’ interest and investment in industrial park infrastructure development, contributing to promoting economic growth and improving the lives of local residents.
1. The Northern region
The key economic region in the North is witnessing remarkable development in the industrial real estate market. With the support of preferential policies and strong economic development potential, new industrial park projects are being implemented and becoming more appealing to investors. Below is a list of 8 new industrial park projects attracting attention in the northern region:
1.1. My Thuan Industrial Park
My Thuan Industrial Park is a new industrial zone project located in My Loc and Vu Ban districts, Nam Dinh province. The project aims to attract diversified industries that utilize high technology, creating favorable conditions for local manufacturing businesses.
- Address: My Loc and Vu Ban districts, Nam Dinh province.
- Investor: Dai Phong Infrastructure Construction Joint Stock Company.
- Total area: 158.4 hectares.
- Industrial park model: Multi-sector, high-technology utilization.
- Commencement date: November 25, 2021.
- Completion date: To be determined.
- Land use term: Until 2057.
With its ideal location and convenient transportation connections, My Thuan Industrial Park promises to play a significant role in local economic development and provide employment opportunities for local workers. Priority investment sectors include mechanical engineering, electronics, agricultural product processing, and construction materials manufacturing.
1.2. Deep C Quang Ninh II Industrial Park
Deep C Quang Ninh II, also known as the Bac Tien Phong Industrial Park, is a project within the Deep C Industrial Complex. The project covers a total area of 1,139 hectares with an investment capital of nearly VND 7,000 billion.
- Address: Lien Vi Commune, Quang Yen Town, Quang Ninh Province.
- Investor: Bac Tien Phong Industrial Zone Joint Stock Company.
- Total area: 1,193 hectares.
- Industrial park model: Multi-sector.
- Commencement date: January 12, 2023.
- Completion date: To be determined.
- Land use term: 50 years.
With its prime location adjacent to major transportation routes, Deep C Quang Ninh II enjoys trading advantages in road, sea, and air transportation, providing comprehensive development incentives for secondary investors. Priority investment sectors within the industrial park include logistics, seaports, and petrochemicals.
Currently, the industrial park has completed Phase II infrastructure and has successfully attracted numerous major investors from around the world, including the United States, and Taiwan, such as BW Industries, CORE5, and Xiamen Sunrise Group.
1.3. Industrial Centre YP2C (a Ready-built-factory project within Yen Phong II-C IP)
The Industrial Centre YP2C is located within the Yen Phong II-C Industrial Park, Dong Tien Commune, Yen Phong District, Bac Ninh Province. This project marks the strategic collaboration between GELEX Group and Frasers Property Vietnam – two leading partners in real estate and business development.
- Address: Yen Phong II-C Industrial Zone, Dong Tien Commune, Yen Phong District, Bac Ninh Province.
- Investors: GELEX Group and Frasers Property Vietnam.
- Total area: 13.6 hectares.
- Industrial park model: Multi-sector, advanced ready-built-factory
- Commencement date: September 21, 2023.
- Completion date: Q2/2024.
- Land use term: Until 2068.
With its modern ready-built warehouse model, the Industrial Centre YP2C commits to providing high-quality manufacturing space, meeting all the needs of businesses. Its convenient location near important routes – National Highway 18 and the Noi Bai – Ha Long Expressway helps to facilitate easy transportation and trading, connecting with neighboring areas and provinces.
The project is expected to be completed in the second quarter of 2024, promising significant development opportunities for businesses both within and outside the region.
1.4. Hoa Lac High-Tech Park II
Hoa Lac High-Tech Industrial Park II is part of the Hoa Lac High-Tech Park project. The project aims to create a modern and internationally standardized manufacturing environment in the high-tech sector.
- Address: Phu Cat Commune, Quoc Oai District and Thach Hoa Commune, Dong Truc Commune, Thach That District, Hanoi.
- Investors: Vietnam Import-Export and Construction Joint Stock Company – Vinaconex.
- Total area: 277 hectares.
- Industrial park model: High-tech industrial park.
- Commencement date: To be determined.
- Completion date: Expected by the end of 2024.
- Land use term: 50 years.
Inheriting the development and advantages of the Hoa Lac High-Tech Park project, this project is expected to attract investment from domestic and foreign enterprises, contributing to Vietnam’s economic and technological development.
Priority investment sectors in this project include information technology, electronics, automobiles, machinery and equipment, healthcare and pharmaceuticals, biotechnology, and renewable energy.
1.5. Quang Chau Industrial Park
The Quang Chau Industrial Park was approved for expansion by the Bac Giang Provincial People’s Committee, adding 90.59 hectares on July 17, 2023. The expanded area is invested in and managed by the Saigon – Bac Giang Industrial Park Joint Stock Company and is currently undergoing infrastructure construction.
- Address: Quang Chau Commune, Viet Yen District, Bac Giang Province.
- Investor: Saigon – Bac Giang Industrial Park Joint Stock Company.
- Total area: Approximately 90.59 hectares.
- Industrial park model: Multi-sector.
- Commencement date: April 6, 2022.
- Completion date: To be determined.
- Land use term: Until 2057.
Quang Chau Industrial Park possesses all the advantages, including its location at the center of the Bac Bo Plain, a gateway for goods exchange among regions and internationally through road, sea, and air routes, modern and advanced infrastructure, high-quality labor force, etc.
The expansion area of the industrial park is expected to focus on attracting high-tech manufacturing sectors in a sustainable direction, such as mechanical engineering, electronics, telecommunications, packaging production, etc.
1.6. Gia Binh II Industrial Park
Gia Binh II Industrial Park is a multi-sector industrial park project established in April 2021 in Gia Binh district, Vinh Phuc province. The project officially commenced infrastructure construction on July 9, 2023, under the investment of Hanaka Group Joint Stock Company with a total planned investment capital of VND 3,956.8 billion.
- Address: Nhan Thang Commune, Binh Duong, Thai Bao, Van Ninh, Gia Binh district, Bac Ninh province.
- Investor: Hanaka Group Joint Stock Company.
- Total area: 250 hectares.
- Industrial park model: Multi-sector.
- Commencement date: July 9, 2023.
- Land use term: 50 years (from 2021 to 2071).
Gia Binh II Industrial Park is invested in modern infrastructure standards, meeting the production requirements of clean industries such as electronics manufacturing, assembly, and information technology. Currently, Hanaka Group Joint Stock Company has completed 80% of the compensation and land clearance process. The industrial park is expected to start welcoming secondary investors in the fourth quarter of 2023.
1.7. Song Lo II Industrial Park
Song Lo II Industrial Park is a new industrial park project oriented towards modern and sustainable development, environmentally friendly, located in Vinh Phuc province. The investor of this project is Vinh Phuc Infrastructure Development Joint Stock Company. Commenced at the end of June 2023, the project is expected to complete infrastructure construction and hand over land to secondary investors by March 2024.
- Address: Dong Thinh Commune and Yen Thach Commune, Song Lo District, Vinh Phuc Province.
- Investor: Vinh Phuc Infrastructure Development Joint Stock Company (VPID).
- Total area: 165.65 hectares.
- Industrial park model: Multi-sector.
- Commencement date: June 26, 2023.
- Completion date: March 2024.
- Land use term: Until 2060.
With its convenient connectivity to key economic provinces in the North and a high-quality labor force, the Song Lo II project has strengths in attracting investment in sectors such as mechanics, electronics, textiles, and footwear. This 165.65-hectare industrial park is expected to create about 13,000 jobs for local workers when officially operational.
1.8. SHI IP Tam Duong
SHI IP Tam Duong is the first industrial real estate project invested by the Son Ha Group. With a multi-sector industrial park model combined with warehousing services, SHI IP Tam Duong is in the process of completing infrastructure and is expected to commence operations in the third quarter of 2024.
- Address: Huong Dao Commune and Dao Tu Commune, Hop Hoa Town, Tam Duong District, Vinh Phuc Province.
- Investor: Son Ha Group.
- Total area: 162.33 hectares.
- Industrial park model: Multi-sector.
- Commencement date: April 28, 2023.
- Completion date: Expected in the third quarter of 2024.
- Land use term: Until 2060.
Located in a strategic position and directly connected to the highway network and Noi Bai Airport, SHI IP Tam Duong is expected to become an ideal destination for projects in various industries such as processing, manufacturing, food and beverage, construction materials, and supporting industries.
2. Central region
Despite being less geographically advantageous than the two key North-South economic regions, in 2023, the Central region has demonstrated its strengths and potential for strong industrial development with the emergence of numerous large-scale industrial parks, attracting hundreds of secondary investors. Below are the 7 most promising new industrial park projects in the Central region:
2.1. Ham Kiem I Industrial Park
Ham Kiem I Industrial Park is an industrial park focused on attracting domestic investors in Binh Thuan province. This industrial park is being developed to create a modern production environment, attract investment, and contribute to the economic development of the locality and the country.
- Address: Ham My Commune and Hoan Kiem Commune, Ham Thuan Nam District, Binh Thuan Province.
- Investor: Hoang Quan Binh Thuan Real Estate Trading Services Consulting Joint Stock Company.
- Total area: 132.67 hectares.
- Industrial park model: Multi-sector.
- Completion date: Already completed.
- Land use term: Until 2057 (From 2023, the IP has 34 years left)
Ham Kiem I Industrial Park is located at the intersection of the South Central Coast and the Southeast region, combined with a convenient transportation network, meeting the demand for transportation of goods by road, rail, waterway, and air.
Currently, Ham Kiem I have successfully attracted 13 secondary investors from key industries such as food processing, agricultural and aquatic products, textiles, and mechanics. The occupancy rate of the industrial park has reached 50% with the infrastructure system completed 100%.
2.2. Becamex VSIP Binh Dinh
The Becamex VSIP Binh Dinh Industry – Urban – Service Complex is a project invested in and developed by the Becamex Binh Dinh Joint Stock Company. Currently, the project has completed over 200 hectares of infrastructure and is ready to welcome secondary investors.
- Address: Zone 7 and Zone 8, Nhon Hoi Economic Zone, Canh Vinh Commune, Van Canh District, Binh Dinh Province.
- Investors: Becamex IDC Corporation and VSIP Group.
- Total area: 2,308 hectares.
- Industrial park model: Industry – Urban – Service Complex.
- Commencement date: July 29, 2020.
- Completion date: March 4th, 2024.
- Land use term: 50 years.
Becamex VSIP Binh Dinh Industrial Park is planned according to a modern and sustainable model suitable for processing and manufacturing industries using advanced technologies such as food processing, pharmaceuticals, construction materials, consumer goods, electronics, furniture, automotive industry, and textiles.
Through investment promotion activities, Kurz Group (Germany) has selected this location to build a large-scale high-tech factory for hot stamping foils and thin films on an area of 12 hectares. Additionally, the Becamex VSIP Binh Dinh Industrial Park has also signed a memorandum of cooperation with 12 other foreign enterprises in 2023.
2.3. VSIP II Quang Ngai
After the success of the VSIP Quang Ngai Industrial Park, the VSIP II Quang Ngai Industrial Park project was officially approved by Deputy Prime Minister Tran Luu Quang in December 2023.
- Address: Communes of Binh Thanh and Binh Hiep, Binh Son District, Quang Ngai Province.
- Investor: VSIP Quang Ngai LLC.
- Total area: 497.7 hectares.
- Industrial park model: Industry – Urban – Service Complex.
- Commencement date: To be determined.
- Completion date: To be determined.
- Land use term: 50 years.
This project aims to attract investment in high-tech industries, environmentally friendly with high added value such as food processing, consumer goods, electronics, textiles, and other supporting industries. The project is expected to contribute to the industrialization and urbanization process of Quang Ngai province while creating job opportunities for the local community.
2.4. Son My I Industrial Park
Son My 1 is a new industrial park project aimed at developing a smart and environmentally friendly model in Binh Thuan province. The project is part of the Son My Industrial and Service Complex.
- Address: Hamlet 3, Son My Commune, Ham Tan District, Binh Thuan Province.
- Investor: Son My Infrastructure Construction and Investment Limited Liability Company (IPICO).
- Total area: 1,070 hectares.
- Industrial park model: Industrial park, residential area, golf course.
- Commencement date: August 30, 2022.
- Completion date: Estimated in 2025.
- Land use term: 50 years.
Son My 1 is developed with a focus on sustainability, featuring smart infrastructure systems and environmentally friendly practices, utilizing clean energy sources to minimize greenhouse gas emissions. Priority industries in this area include manufacturing and processing industries, services, and tourism.
2.5. Gilimex Industrial Park
Gilimex Industrial Park is a new project in Thua Thien Hue province aimed at developing green and clean industries using advanced technology. This project is part of the Phu Bai Industrial Park cluster. With an area of 460.85 hectares, it is located within the Phu Bai Industrial Park cluster, near the Phu Bai International Airport and with convenient transportation links.
- Address: National Highway 1A, Phu Bai Ward, Huong Thuy Town, Thua Thien Hue Province.
- Investor: Gilimex Industrial Park Joint Stock Company.
- Total area: 460.85 hectares.
- Industrial park model: Multi-sector.
- Commencement date: November 11, 2022.
- Completion date: Not determined yet.
- Land use term: 50 years.
With its proximity to Phu Bai International Airport and convenient road transportation, Gilimex Industrial Park is expected to become an ideal destination in the Central region for investors in various industries such as food processing, pharmaceuticals, machinery, and more.
2.6. Hoang Mai 2 Industrial Park
Hoang Mai 2 is the latest industrial park project in Nghe An province, with infrastructure development undertaken by Hoang Thinh Dat Corporation.
- Address: Quynh Vinh Commune, Hoang Mai Town, Nghe An Province.
- Investor: Hoang Thinh Dat Corporation.
- Total area: 343.69 hectares.
- Industrial park model: Multi-sector.
- Commencement date: Not determined yet.
- Completion date: Not determined yet.
- Land use term: 50 years.
The project is strategically located near National Highway 1A and the North-South railway, facilitating convenient transportation of goods between regions and internationally through seaports and airports.
With a vast area of 343.69 hectares, Hoang Mai 2 is expected to attract investors of various scales and industries such as automotive component manufacturing, electronics, electrical equipment, construction materials, agro-forestry-fishery processing, textiles, and mechanics.
2.7. Bac Thach Ha Industrial Park
The Bac Thach Ha Industrial Park is the latest industrial real estate project in Ha Tinh province, invested by the Vietnam – Singapore Industrial Park Development Corporation.
- Address: Thach Lien and Viet Tien Communes, Thach Ha District, Ha Tinh Province.
- Investor: Vietnam – Singapore Industrial Park Development Corporation (VSIP).
- Total area: 190.41 hectares.
- Industrial park model: Multi-sector.
- Commencement date: Not determined yet.
- Completion date: Not determined yet.
- Land use term: 50 years.
The Bac Thach Ha Industrial Park enjoys the advantage of transportation and logistics due to its proximity to National Highway 1 and National Highway 15B. Priority industries attracting investment in this project include high-tech manufacturing sectors such as electronics, automotive, pharmaceuticals, chemicals, and textiles.
3. Southern region
As the region with the most industrial parks in the country, the South always maintains its pace of development in the field of industrial real estate. Below is a list of 10 new industrial parks that are in the infrastructure construction phase and preparing to welcome secondary investors in the Southern region:
3.1. Binh Duong VSIP III
The VSIP III Binh Duong Industrial Park (VSIP 3) is a large industrial park project with a total investment of 6.407 trillion VND, built on a vast land area of 1,000 hectares in two areas of Binh Duong: Hoi Nghia commune, Tan Uyen town, and Tan Lap commune, Bac Tan Uyen district.
This project is aimed at becoming a model, smart, and green industrial park, meeting international standards for environmental, safety, and urban utility. Upon completion, VSIP 3 will be the third industrial park bearing the VSIP GROUP brand in Binh Duong and the eleventh in Vietnam.
- Address: Located in Hoi Nghia commune, Tan Uyen town, and Tan Lap commune, Bac Tan Uyen district, Binh Duong.
- Investor: Vietnam-Singapore Industrial Park Joint Venture Company Limited (VSIP Group)
- Total area: 1,000 hectares.
- Industrial park model: Multi-sector.
- Commencement date: 2022
- Completion date: Not determined yet.
- Land use term: 50 years
The key industries of this industrial park include wood processing, fertilizer, seafood processing, electricity, solar energy, alcoholic beverages, soft drinks, and textiles, promising to create many job opportunities and contribute to the socio-economic development of Binh Duong and Vietnam.
3.2. Duc Hoa III – Slico Long An Industrial Park
Duc Hoa III – Silico Industrial Park is expected to become a model environmentally friendly industrial park project in the Southern region.
- Address: Thach Lien and Viet Tien communes, Thach Ha district, Ha Tinh province.
- Investor: Vietnam – Singapore Urban and Industrial Park Development Joint Stock Company (VSIP).
- Total area: 190.41 hectares.
- Industrial park model: Multi-sector.
- Commencement date: May 15, 2020.
- Completion date: Not determined.
- Land use term: 50 years.
Duc Hoa III – Silico owns a completely planned and built infrastructure system according to green standards, committing to a construction density of 60% to create a green – clean – effective production environment for secondary investors.
3.3. Long Duc III Industrial Park
The Long Duc III Industrial Park is an industrial park project approved by Deputy Prime Minister Le Minh Khai on July 14, 2023.
- Location: Long Duc Commune, Long Thanh District, Dong Nai Province.
- Investor: Long Duc 3 Industrial Park Joint Stock Company.
- Land use scale: 244.5 hectares.
- Land use term: 50 years from July 14, 2023
With a large land use scale and significant investment capital, this project promises to create modern industrial infrastructure and provide many job opportunities, contributing positively to the economic development of the region.
3.4. Bau Can – Tan Hiep Industrial Park
The Bau Can – Tan Hiep Industrial Park, invested by Tan Hiep Industrial Park Joint Stock Company, covers a scale of up to 2,627 hectares and is located in Bau Can Commune, Tan Hiep District, Long Thanh District, Dong Nai Province.
However, this project is facing difficulties in determining the area of public land that has not been clearly defined for auction or bidding. This has led to the investor’s inability to proceed with the establishment and construction of infrastructure for the industrial park.
3.5. Xuan Que – Xuan Nhan Industrial Park
The Xuan Que – Song Nhan Industrial Park, invested by Xuan Que Industrial Park Joint Stock Company, is located in the administrative areas of two communes: Xuan Que and Song Nhan, Cam My District, Dong Nai Province, with a total area of 3,595 hectares.
However, the establishment of this industrial park is facing difficulties due to issues related to resolving land disputes, resulting in the project not being completed after nearly two years, significantly affecting its progress.
3.6. Pham Van Hai I, II Industrial Park
Deputy Prime Minister Le Minh Khai has approved the addition of two new industrial parks in Ho Chi Minh City’s socioeconomic development plan, namely Pham Van Hai I Industrial Park and Pham Van Hai II Industrial Park. These two industrial parks will be strategically located in the favorable area of Pham Van Hai commune, Binh Chanh district.
With vast land areas, Pham Van Hai I and II IPs are expected to play a significant role in attracting investment, creating job opportunities, and driving economic development in the region. This decision not only marks a breakthrough in the economic development of Ho Chi Minh City but also demonstrates the government’s commitment to creating favorable conditions for businesses and promoting public-private investment cooperation.
3.7. DNN – Tan Phu Industrial Park
DNN – Tan Phu Industrial Park is an industrial real estate project of DNN Tan Phu Investment Joint Stock Company in Long An province.
- Address: Front of Provincial Road 830, Tam Quy Ha hamlet, Tan Phu commune, Duc Hoa district, Long An province.
- Investor: Tan Phu DNN Investment Joint Stock Company.
- Total area: 262 hectares.
- Industrial park model: Multi-industry.
- Commencement date: July 30, 2020.
- Completion date: Not determined.
- Land use term: Until 2061.
With a favorable location, DNN – Tan Phu Industrial Park promises to bring development opportunities to investors in the fields of manufacturing, services – engineering, and other supporting industries.
3.8. Cau Cang Phuoc Dong Industrial Park
Cau Cang Phuoc Dong Industrial Park is considered one of the key projects in Long An province, located in the southern economic region.
- Address: Hamlet 5, Provincial Road 826B, Phuoc Dong Commune, Can Duoc District, Long An Province.
- Investor: IMG Phuoc Dong Joint Stock Company.
- Total area: 128.88 hectares.
- Industrial park model: Multi-sector.
- Commencement date: August 16, 2022.
- Completion date: Not determined.
- Land use term: 50 years.
With its large scale and convenient location, the project promises to be an ideal destination for businesses wanting to invest and develop. Cau Cang Phuoc Dong Industrial Park focuses on attracting secondary investors in the manufacturing, transportation, and service industries.
3.9. VSIP Can Tho
VSIP Can Tho is the first VSIP industrial park project to be started in the West. This is also a project that marks the handshake between three investors: Industrial Investment and Development Corporation – Joint Stock Company (TCDI), Vietnam – Singapore Industrial Park Joint Venture Company Limited (VSIP), and Vietnam – Singapore Urban and Industrial Park Development Joint Stock Company (Sembcorp).
- Address: Vinh Trinh Commune, Vinh Thanh District, Can Tho City.
- Investors: Investment and Industrial Development Corporation – Joint Stock Company (TCDI), Vietnam – Singapore Industrial Park Joint Venture Company Limited (VSIP), Urban and Industrial Park Development Joint Stock Company Vietnam – Singapore Enterprise (Sembcorp).
- Total area: 293ha (Phase 1).
- Industrial park model: Industry – Urban – Service Complex.
- Commencement date: September 9, 2023.
- Completion date: Not determined.
- Land use term: 50 years.
With a large scale and a smart and sustainable construction orientation, this industrial park promises to become a large food processing and distribution center in the southern region, while also creating favorable conditions for investors and workers.
VSIP Can Tho Industrial Park is promoting domestic and foreign investment in food processing, production, and distribution industries, along with developed logistics infrastructure, to best support the supply chain. businesses.
3.10. Amata City Long Thanh Industrial Park
Amata City Long Thanh is a high-tech industrial park project located in Dong Nai, a strategic location close to the HCM – Long Thanh – Dau Giay highway and only 10km from Long Thanh International Airport.
- Address: Tam An commune, Tam Phuoc commune, Long Thanh town, Long Thanh district, Dong Nai province.
- Investor: Amata Long Thanh Urban Joint Stock Company.
- Total area: 410.31 hectares.
- Industrial park model: High-tech industrial park.
- Commencement date: July 7, 2023.
- Completion date: Expected in the second quarter of 2024.
- Land use term: 50 years.
Amata City Long Thanh project possesses a convenient location connecting with neighboring key economic areas such as Long Thanh airport, industrial parks in Nhon Trach, Cat Lai port, Amata Bien Hoa industrial park, and Bien Hoa city center. In addition, the investor also focuses on investing in the industrial park’s infrastructure in a modern direction, applying high technology.
The birth of potential new industrial parks is the strongest driving force promoting the development of the industrial real estate market and the country’s economy. The increasingly diverse industrial park model is also proof of Vietnam’s attractiveness to domestic and foreign investors.
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