Northern Vietnam holds a vital strategic position in the country’s economic growth. The development of industrial parks in this region is highly prioritized, as they not only contribute significantly to the economy but also create employment opportunities for the abundant local workforce. Join KTG Industrial to explore the scale, location, and distinctive features of the top 11 largest industrial parks in Northern Vietnam.
The Potential of Industrial Parks in Northern Vietnam
Northern Vietnam is an attractive destination for international investors thanks to its strategic location and well-developed infrastructure. Among the 25 provinces and cities in the region, industrial land is primarily concentrated in five key areas: Hanoi, Bac Ninh, Hai Phong, Hung Yen and Vinh Phuc, with a total area of approximately 10,000 hectares.
Moreover, Northern Vietnam serves as a strategic gateway for trade between Vietnam, China, and ASEAN countries, positioning it as a critical transit hub in the region. Its comprehensive transportation network—including highways, railways, seaports, and modern airports—provides a solid foundation for the seamless flow of goods.
The Northern Industrial Real Estate Market is Growing Every Year
The industrial real estate market in Northern Vietnam has experienced positive growth in the first nine months of 2024. The average land lease price in first-tier provinces reached $137 USD/m² per lease term, an increase of 4.6% compared to the same period last year. The occupancy rates for industrial parks and ready-built factories stood at 80% and 91%, respectively [1].
The supply of ready-built warehouses reached 347,000m², with rental prices for factories rising by 1.9%. A prominent trend is the rise of multi-story warehouses in areas with convenient connections to Hanoi, which is expected to drive the growth of the electronics, automotive, and semiconductor industries over the next three years.
With its strategic location, integrated transportation infrastructure, strong development potential, steadily rising land lease prices, high occupancy rates, and the growing trend of multi-story warehouses, the potential for the expansion of industrial parks in Northern Vietnam is immense.
Top 11 Largest Industrial Parks in Northern Vietnam
Yen Phong Industrial Park
- Total Area: 658.71 hectares
- Location: Yen Trung, Thuy Hoa, Dung Liet, Tam Da, Yen Phong District, Bac Ninh Province.
With a strategically advantageous location, excellent transportation links, modern infrastructure, and attractive incentives, Yen Phong Industrial Park has become a prime destination for major investors like Samsung and Amkor. The park holds strong potential to emerge as a high-tech manufacturing hub in Northern Vietnam. Yên Phong Industrial Park plays a vital role in the economic and social development of Bắc Ninh Province, creating thousands of jobs and fostering technology transfer.
Convenient Location for Goods and Material Transportation
With a total area of 658.71 hectares, of which 436.23 hectares are designated for industrial use, Yên Phong Industrial Park boasts a 100% occupancy rate in its main area and 90% in its expansion zone, demonstrating its strong appeal. The strategic location of this industrial park offers several key advantages:
- Just 35 km from Hanoi, 22 km from Noi Bai Airport, and 110 km from Hai Phong Port.
- Adjacent to National Highway 18, a vital transportation route that conveniently connects to major cities and border gates.
This location offers significant cost savings in transportation and optimizes time for businesses moving goods, materials, and other products.
Yen Binh Industrial Park
- Total Area: 400 hectares
- Location: Dong Tien Commune, Pho Yen Town, Thai Nguyen Province
Yen Binh Industrial Park in Thai Nguyen spans 400 hectares, with 217.5 hectares dedicated to industrial land, providing ample space for industrial project development.
This park is home to the Samsung Electronics Vietnam factory. Yen Binh Industrial Park enjoys a prime location, with easy access to key transportation routes such as the Hanoi-Thai Nguyen Expressway, major national highways, and is just 35 km from Noi Bai Airport. Additionally, the park benefits from natural conditions that are ideal for manufacturing.
The infrastructure in Yen Binh is modern, featuring systems for electricity, clean water, wastewater treatment, and other business support facilities. The park is focused on electronics, high-tech industries, and clean industries, and its infrastructure is built to international standards. It also offers attractive incentives, including tax exemptions for corporate income for the first two years and a 50% reduction for the next four years, as well as various other policies to support both domestic and foreign investors.
With these compelling investment incentives and state-of-the-art infrastructure, Yen Binh Industrial Park is an ideal location for investors.
Yen Binh Industrial Park offers several tax incentives and favorable land lease costs
Phu Nghia Industrial Park
- Total Area: 170 hectares
- Location: National Highway 6, Truc Son and Xuan Mai Townships, Chuong My District, Hanoi.
Established in 2007, Phu Nghia Industrial Park, located in Chuong My District, Hanoi, is one of the largest and most modern industrial parks in the region. With an area of 170 hectares, it is home to over 60 domestic and international investors and serves as a hub for major companies across various manufacturing and business sectors.
The park boasts modern infrastructure, including advanced transportation systems, reliable electricity and water supply, a centralized wastewater treatment system, and on-site amenities such as banks, parks, and a healthcare center.
Strategically located just 23 km from central Hanoi, 40 km from Noi Bai Airport, and 120 km from Hai Phong Port, Phu Nghia serves as a critical intersection for national transportation routes. Its location has attracted substantial investment, providing jobs for the local population and contributing significantly to the region’s economic development.
Yen Phong II Industrial Park
- Total Area: 1,000 hectares
- Location: Tam Giang Commune, Yen Phong District, Bac Ninh Province
On June 28, 2007, the Vietnamese government approved the construction of Yen Phong II Industrial Park, Urban Area, and Service Zone, covering a total area of 1,200 hectares. The industrial park’s area was expanded from 300 hectares to 1,000 hectares, divided into three sub-zones: A, B, and C.
- Yen Phong II-A: With an area of 151.27 hectares, 83.19 hectares of which is industrial land.
- Yen Phong II-B (VSIP Bac Ninh II): Spanning 273.0022 hectares, with 188.7 hectares designated for industrial land.
- Yen Phong II-C: Completed and operational in 2018, covering 219.22 hectares, with 144.69 hectares for industrial use.
Yen Phong II Industrial Park is a key location for the supporting factories of Samsung Vietnam. Its advantageous location, with access to multiple national highways, makes it an attractive investment environment for both domestic and foreign businesses.
Nam Dinh Vu Industrial Park
- Total Area: 1,329.11 hectares
- Location: DT356, Dong Hai 2, Hai An, Hai Phong
Located in the heart of the Dinh Vu – Cat Hai Economic Zone in Hai Phong, Nam Dinh Vu Industrial Park spans 1,329 hectares and offers a well-developed infrastructure. This is the only industrial park in Vietnam with four functional sub-zones that provide a variety of services.
With its strategic location and strong connectivity to important transportation routes and the international Lach Huyen Port, Nam Dinh Vu facilitates economic development in the region.
The industrial park offers attractive tax incentives, including a four-year corporate income tax exemption and a 50% tax reduction for the next nine years, along with land use tax exemptions throughout the duration of the project. The park also boasts modern internal transportation systems, electricity and water supply, and wastewater treatment facilities, meeting the needs of both domestic and international investors.
Nam Dinh Vu is known as a potential investment destination for foreign investors, including those from Japan, South Korea, and Taiwan.
Nam Dinh Vu Industrial Park attracts investment from both domestic and international businesses.
VSIP Industrial Park
- Total Area: 635 hectares
- Location: Dinh Bang Ward, Phu Chan Commune, Tu Son City, and Dai Dong Commune, Tien Du District, Bac Ninh.
VSIP Bac Ninh Industrial Park is a modern, environmentally friendly industrial park located in Bac Ninh Province. It has attracted major global corporations such as PepsiCo and Microsoft. The park’s proximity to Hanoi, just 20 kilometers from the city center, makes it highly accessible and well-connected to highways and Noi Bai International Airport.
With excellent infrastructure and full amenities such as electricity, water, wastewater treatment, security, and communications, VSIP Bac Ninh is designed as a “green” park, utilizing clean technologies to protect the environment.
Investors in the park benefit from various incentives, including a two-year corporate income tax exemption and a 50% tax reduction for the following four years. The park has reached 100% occupancy, making it a highly preferred destination for businesses.
Hoa Lac Industrial Park
- Total Area: 1,600 hectares
- Location: Thach That District, Hanoi
Hoa Lac High-tech Industrial Park, located in Thach That District, Hanoi, is expected to become Vietnam’s center for high-tech research and application. The project is developed with the vision of transforming into a scientific city, focusing on key areas such as information technology, biotechnology, new materials technology, and automation technology.
Covering nearly 1,600 hectares, the park is divided into two main areas (North and South of Thang Long Avenue), with 11 functional sub-zones, including research, education, industrial, software, residential, entertainment, and green spaces.
Its strategic location, adjacent to Thang Long Avenue and other key routes, offers significant potential for attracting high-quality investment and talent. To date, Hoa Lac has attracted over 100 investment projects with a total investment capital of more than 100,000 billion VND, from large corporations such as Hanwha Aerospace, NIDEC, NISSAN, and Vinsmart.
The park is fully equipped with modern infrastructure, including internal transportation systems, power and water supply, wastewater treatment, and additional services for businesses operating there.
Hoa Lac Industrial Park is expected to become the center for high-tech research and application in Vietnam.
Que Vo I, II, III Industrial Parks
Que Vo I, II, III Industrial Parks consist of three key areas, each with its own unique characteristics but united by the common goal of promoting economic development, attracting investment, and creating a modern and comfortable working environment.
| Industrial Park | Area | Location | Investment Projects | Infrastructure | Investment Incentives | Land Occupancy Status |
| Quế Võ I | 600 ha | National Road 18 axis, near seaport and border gate | Canon, Foxconn, and other major international corporations | Comprehensive infrastructure system including electricity, water, waste treatment, customs services, banks, post offices, public transport | Customs services, banking, postal services, public transportation | Currently operating with over 100 projects |
| Quế Võ II | 269,48 ha | Near National Road 1A, Nội Bài Airport, Hải Phòng Port | Electronics manufacturing, auto parts, garment, mechanical engineering | Modern infrastructure including electricity, water supply, wastewater treatment, and transportation | Exemption from corporate income tax for the first 2 years, 50% reduction in tax for the next 4 years | Over 60% of land occupied |
| Quế Võ III | 530 ha | 51 km from Hanoi, 51 km from Nội Bài Airport, 102 km from Hải Phòng Port | Agricultural processing, food, electronics, high-end consumer goods | Internal transport network, electricity via transformer station, clean water supply, wastewater treatment system | Exemption from corporate income tax for the first 2 years, 50% reduction in tax for the next 4 years | Over 90% of land leased |
My Thuan Industrial Park
- Total Area: 158.48 ha
- Location: My Thuan Commune, My Thinh District, My Loc County, and Hien Khanh Commune, Vu Ban District, Nam Dinh.
My Thuan Industrial Park, located in Nam Dinh Province, covers an area of 158.48 ha and was established in 2021. This multi-sector industrial park attracts various industries such as machinery, electronics, agricultural processing, and building materials production. The park is strategically located near major transport routes, just 75 km from Hanoi’s city center, with convenient access to Hai Phong port and Noi Bai International Airport.
The park boasts modern infrastructure, including a 110kV transformer station, a water supply system with a capacity of 26,000 m³/day, and a wastewater treatment system that meets international standards. The land rental price is 105 USD/m², with a tax exemption for the first 2 years and a 50% reduction in tax for the following 4 years. The industrial park has already attracted large projects from Taiwan and South Korea.
Thang Long Industrial Park
- Total Area: 302 ha
- Location:Kim Chung, Dai Mach, Vong La, Hai Boi, Dong Anh District, Hanoi.
Thang Long Industrial Park, established in 1997, is one of the most developed industrial zones in Vietnam. It focuses on industries such as electronics, machinery, automotive, textiles, and food processing. The park features modern infrastructure, including a stable power supply, water supply, and wastewater treatment systems that meet international standards. Strategically located just 30 km from Hanoi, close to Noi Bai International Airport and Hai Phong Port, Thang Long Industrial Park is ideal for trade and transportation.
The park has attracted numerous international investors, particularly from Japan, South Korea, and European countries, creating a dynamic and efficient business environment.
The Thang Long Industrial Park has a very advantageous location.
Dong Van Industrial
| Industrial Park | Area | Information | Investors |
| Dong Van I | 220ha (planned 371ha) | The first industrial park, with more than 40 FDI projects, total investment over 600 million USD. | South Korea, Japan, Singapore |
| Dong Van II | 300ha | Multi-industry development, attracting major companies like Honda, Cargill. | USA, Taiwan, South Korea, |
| Dong Van III | 523ha (expanded) | Phase 1 covers 131ha, with 19 FDI projects from Japan, total investment of 140 million USD. | Japan |
| Dong Van IV | 600ha | The largest industrial park in Hà Nam, currently exploiting 100ha with 7 FDI projects from South Korea. | South Korea |
It can be seen that the Dong Van industrial parks have attracted many investors worldwide, demonstrating the outstanding development potential of these industrial zones.
These parks are located near National Route 1A, the Phap Van Expressway, and the North-South railway, just 40-50 km from Hanoi. This proximity makes transportation of goods and market access more convenient and cost-effective. Among them, Dong Van I and II are close to Hai Phong Port and Noi Bai Airport, which facilitates export and import activities.
The industries currently focused on at the Đồng Văn industrial parks are:
- Dong Van I Industrial Park: Electronics, machinery, plastics, food processing, building materials, textiles, and many other sectors. Established in 1998, it has attracted numerous domestic and international projects, with major investors from Vietnam and South Korea.
- Dong Van II Industrial Park: Mechanical and electronic assembly, food processing, light industry, electronic component production, motorcycles, automobiles, and household appliances.
- Dong Van III Industrial Park: Supporting Dong Van I and II, including machinery assembly, electronics production, food processing, and consumer goods industries.
KTG Industrial offers rental services for factories and industrial workshops in the Northern region
KTG Industrial is a leading industrial park factory rental unit
KTG Industrial Managed by BKIM, is a joint venture between Boustead Projects (Singapore) and Khai Toan Group (Vietnam). This partnership brings together international best practices in real estate services with high-quality products and deep local expertise. KTG Industrial offers optimized designs, high-quality construction, and excellent services, enhancing operational efficiency for tenants.
The company specializes in providing ready-built factories, warehouses, and custom-built industrial spaces in key economic regions such as Dong Nai and Bac Ninh. KTG Industrial’s projects integrate energy-saving technologies and the use of renewable energy, contributing to environmental protection and reducing operating costs for businesses.
KTG Industrial boasts a highly experienced team, with a strong commitment to financial transparency and social responsibility, which has helped the company build a solid trust with its customers. The company not only provides high-quality products but also actively engages in community activities.
KTG Industrial is the ideal choice for businesses seeking quality and sustainable industrial spaces in Vietnam.
Reference:
[1] Thanh Xuân. (2024, November 11). Xu hướng mới trên thị trường bất động sản công nghiệp miền Bắc. Nhịp Sống Kinh Tế Việt Nam & Thế Giới.
https://vneconomy.vn/xu-huong-moi-tren-thi-truong-bat-dong-san-cong-nghiep-mien-bac.htm
