In order to achieve large-scale industrial and commercial agglomeration development, Vietnam has established a number of economic development zones, including industrial zones and coastal economic zones, which have implemented various incentive development policies. As of October 2023, there are 397 established industrial zones in Vietnam, of which 295 are operational, 106 are under construction, and 563 are under planning, according to the VARS report. Vietnam's industrial parks have a high occupancy rate of 80% on average, with 83% in key provinces and cities in the north and 91% in key provinces and cities in the south. In addition, Vietnam still has a lot of potential and room to attract foreign investors with its current investment policies on infrastructure, preferential tax reduction and exemption policies, and reduced rents for industrial land.
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There are three major industrial zones in Vietnam, namely the Northern Industrial Zone, the Central Industrial Zone, and the Southern Industrial Zone. Today, we will focus on the list of industrial zones in Vietnam and the key industries for development. The following table shows the density map of industrial zones in Vietnam.
1. Northern Industrial Zone
The Northern Economic Zone includes 7 provinces and cities, including Hanoi, Haiphong, Quang Ninh, Vinh Phuc, Bac Ninh, Hai Duong, and Hung Yen. The region borders China and accounts for 32% of the country's GDP. The main traffic belts in the area include National Highway 4C, 4D, 4H), National Highway 5A (Hanoi - Hung Yen - Hai Duong - Hai Phong), National Highway 18 (Bac Ninh - Quang Ninh), National Highway 17B (Quang Ninh - Hai Phong), National Highway 2A (Hanoi - Vinh Phuc).
At present, the northern economic provinces and cities have concentrated and encouraged the development of electronic manufacturing, automobiles, shipbuilding, textiles and supporting industries in accordance with the investment incentive policy agreed on No. 31202 ND-CP, so as to open up the optimal investment environment for foreign-funded enterprises in industrial parks and make the production of bulk commodities more smooth.
List of key economic zones in the north:
ha noi；hung yen；haiphong；quang ninh；hai duong；ha tay；bac ninh；Vinh Phuc et al.
2. Central Industrial Zone
The central key economic zone includes five major provinces and cities, including Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh, accounting for 76% of the country's population. The traffic belt that passes through the area includes: National Highway 1A (Dinghua - Da Nang - Quang Nam - Quang Dinh Ngai Gi), National Highway 148 (Guangang - Quang Nam), National Highway 24C (Quang Ngai - Quang Nam), National Highway 19B (Binh Dinh - Quang Dinh - Quang Dinh). In this area, there are many important seaports such as Chan May Seaport (Hue), Da Nang, Tien Sa, Lien Chieu Seaport (Da Nang), Kyha Seaport (Quang Nam), Quynhon Seaport (Binh Dinh)...Create a trunk road out of the sea to make the export of bulk commodities smoother.
The industrial park is operating and producing important industries such as information technology, electronics, machinery, machinery manufacturing, food and many other industries. These industries currently enjoy preferential investment policies.
List of key economic zones in central China.
thua thien hue；da nangquang ；nam；quang ngai；Binh Dinh et al.
3. Southern Industrial Zone
The Southern Economic Zone includes 8 Dashou cities, including Ho Chi Minh City, Binh Duong, Dong Kin, Long An, Binh Phuoc, Ba Ria - Vung Tau, Tien Giang and Tay Ninh, contributing 40% of the country's GDP and accounting for 42% of Vietnam's total FD1 capital. The area is regarded as the largest economic center in the country, and the transportation routes through the area include: National Highway 51 &1K (Dong Kin-Ba Ria Nhat Nung Tau), National Highway 13 (Ho Chi Minh City Nhat Binh Phuoc), National Highway 56 (Dong Nai Ba Tei - Vung Tau), National Highway 20 (Dong Nai Lam Dong), etc., which make the area more convenient to connect with other provinces and cities.
In addition, Ho Chi Minh City and Ba Ria - Vung Tau province also have the largest seaports in the south, namely Cat Cai Port and Cai Mep-thi Vai Port, which contribute to the increase in the international flow of goods.
Binh Duong is the province with the largest industrial park area in Vietnam, with an area of 12 industrial parksThere are 31 industrial parks in 721 hectares, and Dong Kin' Province has the largest number of industrial parks in operation in the country, with an occupancy rate of about 84%.
The region has abundant human resources and high quality, leading the country. According to Article 31According to the provisions of the 202i ND-CP, the regional industrial zone vigorously encourages investment in key areas such as electronic software, information technology and telecommunications, and high-tech agricultural production and processing.
List of key economic zones in the south.
ho chi minh city；binh duong；ba ria - vung tau；dong nai；tayninh；binh phuoc；Long An et al.
For more information about Vietnam's industrial zones, please read "Vietnam" in the series of "Country (Regional) Guide to Foreign Investment and Cooperation", which was published in 2022 and compiled by the Institute of International Economic Cooperation of the Ministry of Commerce of China and the business institutions of embassies and consulates abroad, aiming to help enterprises better understand and familiarize themselves with the local business environment and effectively prevent and resolve various risks. In this guide, you will learn the following:
Before you prepare to go to the Socialist Republic of Vietnam (hereinafter referred to as "Vietnam") for investment cooperation, do you have enough understanding of Vietnam's investment cooperation environment? What is the political, economic and socio-cultural environment like? What industries are suitable for investment cooperation? Are the business costs of investing in Vietnam competitive? How should I go through the relevant approval procedures? What are the local laws and regulations governing foreign investment cooperation? What should I pay special attention to when carrying out investment cooperation in Vietnam? What should I do if I get stuck? How do you deal with locals, Congress, unions, residents, and law enforcement?
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Disclaimer: The article is based on publicly available information and does not constitute any investment advice.
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