The list of projects for which Hai Phong seeks foreign investment in 2023-2025 includes 16 Industrial Zone (IZ) development and 22 industrial production cluster ones.

These include three Industrial Zone projects using the largest land area, namely Tien Lang 2 IZ (500-550 hectares), Tien Lang Airport IZ (450-550 hectares) and Tien Lang 1 (407 hectares).

In Vinh Bao district, there are three IZ projects, including Vinh Quang IZ (340-350 hectares), An Hoa (200 hectares) and Giang Bien II (350 hectares).

Also, there is an IZ in the northern part of Cat Hai Island in Cat Hai district (180-200 hectares) and Nam Trang Cat IZ (202 hectares) in Hai An district.

In Thuy Nguyen district, there will be Thuy Nguyen IZ (310-320 hectares) and Tam Hung - Ngu Lao (150-170 hectares).

In An Duong, there will be Nomura 2 IZ (240-245 hectares) and An Hung-Dai Ban (250-255 hectares).

Meanwhile, An Lao district will have Trang Due Phase 3 (400 hectares), Cau Cuu (100-110 hectares), and Kien Thuy will have Ngu Phuc (250 hectares) and Tan Trao (200 hectares).

Vinh Phuc province plans to develop 23 IZs in 2021-2030, and four more after 2030, raising the total number of IZs in the locality to 27. The total land area reserved for the IZs is 6,200-7,000 hectares.

In Hung Yen, the provincial development plan for 2021-2030 said that it would have 29 IZs by 2030, covering an area of 9,240 hectares, and 43 industrial production clusters with total area of 2,191 hectares.

According to the Vietnam Association of Realtors (VRA), as of the end of the first quarter in 2023, the occupancy rate of first-class IZs in the country had reached 80 percent, while some IZs in Hanoi, Bac Ninh and Bac Giang in the north, and HCM City, Dong Nai and Binh Duong in the south, are nearly fully occupied.

VRA’s deputy chair Nguyen Chi Thanh commented that the industrial real estate sector has great opportunities to develop in both short and long term as Vietnam has become an attractive destination for investors.

The Foreign Investment Agency reported that from January 1 to June 20, 2023, the total registered foreign direct investment (FDI) had reached $13.43 billion, or 95.7 percent of the same period last year.

Phung Thi Thanh Loan from CBRE Vietnam noted that the north is attracting big investors in the field of electronic technology. The two most outstanding transactions were in the field, in Bac Giang and Thai Binh, with the area of 50 hectares and 40 hectares, respectively.

“The trend of production workshop relocation and China+1 strategy still continues, leading to higher demand for production workshops,” she said.

Nguyen Le