HIGHLIGHTS
Vietnam: FDI into Vietnam in 2024 – Steady growth
According to the Institute of Scientific Research, Banking Academy, FDI inflows into Vietnam in 2024 will only increase slightly (1%, as of November 2024) compared to the same period in 2023, due to the influence of four important factors. First, the difficult global economic context. Second, Vietnam’s internal problems (increasing labor and industrial space prices). Third, regional competition. Fourth, domestic political fluctuations.
Vietnam: Vietnam Industrial Parks Picture to 2030
In the approved planning of 63 localities, by 2030, the whole country will have 221 newly planned industrial parks, 76 expanded industrial parks and 22 adjusted industrial parks… In the new planning, each locality sets the goal of attracting investment and developing industrial land area to catch up with the wave of production shift. Notably, many localities do not just stop at expanding existing industrial parks, but also actively add many new industrial parks…
Vietnam: Ready-built factories and warehouses – Catching the wave from the Trade War
Over the past 6 years, the supply of ready-built factories and warehouses has increased 2.36 times, from 6.6 million m2 (2018) to more than 15.6 million m2 (2024), with the participation of institutional investors such as BWID, SLP, Frasers Cainiao (Alibaba Group) and Vietnam Industrial Park,… The strong development of the e-commerce sector and the shift of production to Vietnam have caused the average occupancy rate of industrial parks in both regions to reach over 80%.
Vietnam: There are more Industrial Parks approved for investment
In the next three years, new industrial parks are expected to be concentrated in a number of markets such as Hai Phong and Vinh Phuc in the North, or Binh Duong, Dong Nai, Long An in the South. In the Central, Thanh Hoa, Nghe An, Ha Tinh and Quang Nam also have many new industrial parks developed by professional investors, supporting the development of these emerging industrial markets. Industrial land rental prices can increase by 4-8% per year in the North and 3-7% per year in the South.
Vietnam: Data center construction costs in Vietnam among the lowest in Asia
Vietnam continues to be recognized as an attractive location for data center investors. The 2025 data center construction cost report on 90 data center development clusters in 26 cities shows that Vietnam has the lowest construction costs in the Asia-Pacific region, second only to Taiwan and China. Specifically, the average standard data center construction cost in Vietnam reached more than 6.9 million USD/megawatt, up 3.5% over the same period last year.
Vietnam: List of projects in THACO’s investment plan
According to the 2025 business plan, THADICO plans to start 32 projects and complete 16 projects. The total expected investment cost is VND4,800 billion, bringing the total number of employees to 2,548. Specifically, THADICO will invest in the industrial park (IP) project in Binh Duong for THACO Industries, continue to implement IP projects, Cua Lo waterway in Chu Lai. The group plans to start the mechanical and supporting IP project in Binh Duong next September.
Vietnam: IDICO plans to start construction of two industrial parks in the Q3/2025
IDICO plans to start construction of the 470-ha Tan Phuoc 1 Industrial Park (Tien Giang) and the 226-ha Vinh Quang Industrial Park Phase 1 (Hai Phong) in the Q3/2025 and may open for sale in 2026 as the company expects the site clearance process to proceed smoothly. IDICO recorded positive business results in the last fiscal year. Accordingly, net revenue increased by 22%, reaching more than VND 8,846 billion, while net profit increased sharply by 43%.
Vietnam: Approval of investment policy for Power project in Mekong Delta
The Prime Minister has just issued Decision No. 243/QD-TTg approving the National Power Transmission Corporation to invest in the project to upgrade the 220kV Chau Doc – Kien Binh single-circuit line to 2-circuit. The project has a total investment of more than 653 billion VND, expected to be energized in 2027. The scale includes the construction of the 220kV Chau Doc – Kien Binh single-circuit line and the upgrading of the existing single-circuit line to 2-circuit with a length of 71.14km.
Vietnam: Completion of an additional 1,188km of Expressways in 2025
The Director of the Department of Construction Investment Management said that it is expected that in 2025, about 1,188 km of expressways will be completed, concentrated in 28 projects, of which 17 projects (889 km) are managed by the Ministry of Transport, 13 projects (745 km). In 2025, roads must complete the target of 3,000 km of expressways; railways strive to start the Lao Cai – Hanoi – Hai Phong project and need to complete investment studies on many other routes.
Vietnam: The first free trade zone associated with a seaport in the Southeast
Ba Ria-Vung Tau People’s Committee and DP World, one of the world’s leading smart logistics service providers and global trade facilitators, have signed a Memorandum of Understanding (MOU) to establish a cooperation framework to discuss in detail how DP World will support Ba Ria – Vung Tau province in developing the Project “Research on a Free Trade Zone associated with a seaport in Cai Mep Ha area”. This is an important milestone for the formation of the first free trade zone in the Southeast region.
Hanoi: Groundbreaking ceremony for the Ring Road 5 parallel road project
On February 9, the People’s Committee of Ha Nam province held a groundbreaking ceremony for the investment project to build the Ring Road 5 parallel road – Hanoi Capital Region (phase 1), from the intersection with National Highway 21B to the intersection of the two expressways in Binh Nghia commune, Binh Luc district. The route has a total length of 8.372 km, including three bridges: Tien Tan, the irrigation canal overpass and Tien Phong. The implementation period is from 2024 to 2027.
Can Tho: The seventh Industrial Park
Recently, the People’s Committee of Can Tho City held a ceremony to announce and hand over the investment policy decision and investment registration certificate for the project to invest in construction and business of infrastructure of Vinh Thanh Industrial Park Phase 2 (Phu My 3 Can Tho IP) to Thanh Binh Phu My JSC. The project covers an area of over 540 ha with a total investment capital of VND 7,850 billion. The project’s operating period is 50 years from the date of land lease by the State.
Hai Duong: There will be 3 new Industrial Parks
Hai Duong People’s Committee has submitted a proposal to the Provincial People’s Council to approve the planning task of 2 industrial parks (IPs) and the planning project of 1 IP in 3 districts. Accordingly, the Thanh Mien I IP planning study area is located in Doan Ket, Le Hong, Hong Quang (226 ha). The Gia Loc II IP planning study area is located in Thong Nhat, Yet Kieu (142.29 ha). The Hung Dao IP construction planning area is located in Hung Dao, Ngoc Ky, Tai Son & Tan Ky of Tu Ky district (212,8 ha).
Nam Dinh: Approved planning for two Industrial Parks of over 1,300 hectares
Recently, Nam Dinh People’s Committee has approved the planning for Hai Long Industrial Park (IP) and Minh Chau Industrial Park. Of which, Hai Long IP has an area of nearly 1,070 ha; located in 4 communes of Bach Long, Giao Long, Giao Chau, Giao Nhan (Giao Thuy); it will create jobs for about 110,000 workers. Meanwhile, Minh Chau IP has a scale of nearly 297 ha; located in Dong Thinh and Nghia Chau communes (Nghia Hung district); it will create jobs for about 30,000 workers.
Bac Giang: Approval of Dong Phuc Industrial Park
Deputy Prime Minister has just signed Decision No. 258/QD-TTg dated February 10, 2025 on the investment policy of the project to invest in construction and business of infrastructure of Dong Phuc Industrial Park; at the same time, approving the investor of the Project, Dong Phuc Industrial Park Infrastructure Development Joint Stock Company. The project is implemented in Dong Phuc and Tu Mai communes, Yen Dung district, Bac Giang province. The project area is 354.63 hectares.
Bac Giang: Approval of My Thai Industrial Park
Deputy Prime Minister Tran Hong Ha has just signed Decision No. 260/QD-TTg dated February 11, 2025 on the investment policy of the My Thai Industrial Park Infrastructure Construction and Business Investment Project; and at the same time approved the investor, Viet Uc Steel Joint Stock Company. The project will be implemented in My Thai commune, Voi town and Duong Duc commune, Lang Giang s.vn/ district, Bac Giang province; with a project area of 159.97 hectares.
Bac Giang: Granting investment certificates to 4 Industrial Parks
On February 21, Bac Giang People’s Committee granted investment registration certificates to 4 industrial parks (IPs). Specifically, Song Mai-Nghia Trung IP in Nghia Trung commune, Viet Yen town and Song Mai (over 197 ha). Nghia Hung IP in Dao My commune and Nghia Hung commune, Lang Giang district (over 148 ha). Dong Phuc IP in Dong Phuc commune, Tu Mai, Yen Dung district (over 354 ha). My Thai IP in My Thai commune, Voi town and Duong Duc commune, Lang Giang district (over 159 ha).
Bac Giang: Approval of construction of Ha Bac 1 bridge connecting Bac Giang – Bac Ninh
The People’s Council of Bac Giang province has just approved a resolution on the investment policy for the construction of Ha Bac 1 bridge and the connecting road with Bac Ninh province. The project has a total investment of about 1,700 billion VND, expected to start in 2026 and be completed in 2027. The project is located on the DT.298B route of Bac Giang province and the DT.295C route of Bac Ninh connecting to the Ring Road 4 of Bac Giang (DT.398); the project is about 970m long.
Bac Ninh: Ministry of Transport approves 4 dry ports to support Gia Binh Airport
The Ministry of Transport has just added 4 dry ports in Bac Ninh; including: Tan Chi dry port in Tien Du district, with a planned area of 8.2 – 13.5 hectares by 2030. Que Vo dry port in Que Vo district, with a planned area of 10 hectares by 2030. Yen Phong dry port in Yen Phong district, with a planned area of 8.8 – 12.5 hectares by 2030. Gia Binh dry port is located in Gia Binh district, with a planned area of 7-20 hectares by 2030, and 52 hectares by 2050.
Lang Son: Approval of the Planning Task for Chi Ma Border Gate Area
Deputy Prime Minister signed Decision No. 393/QD-TTg dated February 24, 2025 approving the Master Planning Task for the construction of Chi Ma Border Gate Area until 2045. The planning research area is located in the Northeast of Loc Binh District, in Yen Khoi and Tu Mich Communes, Lang Son. The planning area is about 535 ha. This is where economic activities at border gates, warehouses, supply and distribution of goods are concentrated, and is a hub for inter-regional and international trade.
Dong Nai: Approval of Long Duc Industrial Park (Phase 2)
Deputy Prime Minister Tran Hong Ha has just signed Decision No. 265/QD-TTg dated February 11, 2025 on the investment policy for the project to invest in construction and business of infrastructure of Long Duc Industrial Park (Phase 2); at the same time, approving the investor as VRG Long Duc Investment Joint Stock Company. The project is located in Long Duc commune, Long Thanh district, Dong Nai province. The project area is 293.9 hectares.
Dong Nai: Investment Certificates Awarded to 14 major Projects
On February 7, Dong Nai People’s Committee held a ceremony to award Investment Registration Certificates to 14 FDIs and domestic projects; including 12 FDI projects with a total capital of over 680 million USD and 2 domestic projects with an investment capital of nearly 1,500 billion VND. The projects are in the fields of semiconductor manufacturing; electrical and electronic components; mechanical engineering; textiles; and manufacturing of prefabricated metal products.
Binh Duong: Approval of the general planning of Bac Tan Uyen 1 Industrial Park
Binh Duong Provincial People’s Council has just announced a resolution approving the general planning task (scale 1/5,000) for Bac Tan Uyen 1 Industrial Park in Binh My commune, Tan Lap commune, Bac Tan Uyen district and Hoi Nghia ward, Tan Uyen city. The project has a planning area of 786 ha and a labor force of about 32,000 people. The East borders rubber land; the West borders rubber land and residential land; the South borders DT.746B road; the North borders rubber land.
Binh Duong: Granting investment certificates to a series of projects
On January 2, 2025, Binh Dương People’s Committee granted investment approval decisions to a series of FDI and domestic investment projects. FDI projects granted new investment certificates include: Timotion Vietnam Factory (29 million USD); Axman Vietnam Co., (24 million USD). FDI projects with increased capital include: Cheng Loong Binh Duong Paper Co., (increase 50 million USD); Deneast Vietnam Co., (increase 40 million USD); Dongil Rubber Belt Vietnam Co., (increase 15 million USD)…
Binh Duong: Commencement of HCM – Thu Dau Mot – Chon Thanh Expressway
On 1/2/2025, Binh Duong People’s Committee held the groundbreaking ceremony of the HCM-Thu Dau Mot-Chon Thanh Expressway through Binh Duong. With a length of more than 52 km, it is planned to have 6 expressway lanes and a design speed of 100 km/h. This is the first expressway connecting HCM with Binh Duong, Binh Phuoc and continues to connect to the Central Highlands. The consortium of investors includes Becamex IDC, Becamex IJC, Becamex Binh Phuoc and Deo Ca Group.
Da Nang: Approval of investment in Hoa Ninh Industrial Park
Da Nang People’s Committee has just issued a decision approving the investor of the project to invest in the construction and business of infrastructure of Hoa Ninh Industrial Park (Hoa Ninh Commune, Hoa Vang District, Da Nang); at the same time, approving Thanh Binh Phu My JSC as the investor to implement the above project. It has an area of over 400 ha with a project investment capital of over 6,200 billion VND, and is expected to create jobs for 40,700 workers when it comes into operation.
Da Nang: Launching the Hoa Ninh Industrial Park construction Project
On February 18, Da Nang People’s Committee held a ceremony to announce and launch the Hoa Ninh Industrial Park Project (Phu My 3 Da Nang IP). The project is located in Hoa Ninh Commune, Hoa Vang District, Da Nang City. The project is invested by Thanh Binh Phu My Joint Stock Company, with a total investment of more than VND 6,200 billion. The project has a scale of more than 400 hectares, and g.vn/ the project’s operation period is 50 years from the date the State leases the land.
Quang Nam: Inauguration of Pier No. 2 – Chu Lai International Port
On February 3, Quang Nam province and investor THACO held an inauguration ceremony for Chu Lai port, part of Tam Hiep port area, with a total investment of VND 1,590 billion. The completed Pier No. 2 (50,000-ton Wharf) is a 365m extension downstream, connecting to Pier No. 1, increasing the total length of Chu Lai port to 836m, with a depth of minus 11.6m before the wharf. It will increase the loading and unloading capacity to nearly 100 containers/hour, 3 times higher than Pier No. 1.
Ba Ria-Vung Tau: Planning 4 Industrial Parks over 3,800ha
Ba Ria – Vung Tau Industrial Parks Management Board said that the Provincial People’s Committee has assigned the Board to develop a general construction plan and zoning plan for 4 industrial parks, including: Phu My Industrial Park with an area of 650 hectares; Bac Chau Duc 1 Industrial Park with an area of 1,200 hectares; Bac Chau Duc 2 Industrial Park with an area of 1,000 hectaré and Bac Chau Duc 3 Industrial Park with an area of 1,000 hectares.
Ba Ria – Vung Tau: Approval of investment policy for infrastructure of Van Thuong IP
On February 27, 2025, Deputy Prime Minister Tran Hong Ha signed Decision No. 455/QD-TTg on the investment policy for the infrastructure investment project of Van Thuong Industrial Park; at the same time, approving the investor as Van Thuong Industrial Park Infrastructure Development Company Limited. The project has a land use scale of 387.09 hectares, located in Tan Hai commune, Phu My town, Ba Ria -Vung Tau province. The investment capital of the project is 4,390.838 billion VND.
Binh Dinh: Over VND 4,500 billion to build Phu My Industrial Park
In Decision No. 513/QD-UBND, the decision was made to approve the investment policy and at the same time approve Phu My Investment Group JSC as the investor of the Phu My Industrial Park Infrastructure Investment and Construction Project (Phase 1). The project is implemented on an area of 436.87 ha in the Phu My Industrial Park Planning Area, located in My An and My Tho communes, Phu My district (Binh Dinh). The project has a total investment of over VND 4,569 billion.
Binh Dinh: Hoa Sen invests an additional VND2,300 billion to expand the steel factory
On February 17, Binh Dinh Economic Zone Management Board issued a decision approving the investment policy for the Hoa Sen Nhon Hoi – Binh Dinh Steel Factory Expansion Investment Project of Hoa Sen Nhon Hoi One Member Co., Ltd. It is implemented on an area of 9.1 ha out of 21.8 ha in Nhon Hoi Urban Industrial Park (Sub-area 4), Nhon Hoi Economic Zone. The total investment capital is VND2,333 billion. The project implementation progress is from the Q1/2025 to the Q2/2027.
Thai Binh: HiteJinro starts construction of Soju Factory
HiteJinro, the leading Korean corporation in the soju industry, has just started construction of a factory in Lien Ha Thai Industrial Park, Thai Binh province. The factory is built on an area of 8.2 hectares, of which 3.2 hectares are for production area, offices and auxiliary works. According to the plan, the factory will be completed in November 2026, tested and put into mass production from 2027. In the first phase, the expected capacity is 1 million soju cases per year, then increased to 5 million cases.
Long An: Thai Tuan Group inaugurates garment fabric factory
In early 2025, Thai Tuan Group held an inauguration ceremony and officially put into operation the garment fabric factory in Anh Hong Industrial Park (Duc Hoa district, Long An province) after nearly 3 years of construction. It is one of the largest investment projects ever of the group, about 4,380 billion VND on a total construction area of 130,000 sqm. With a large scale and investment in the world’s leading advanced machinery and equipment, the factory’s annual capacity is expected to reach 60 million meters of fabric.
Thanh Hoa: Commencement of two key projects worth thousands of billions of VND
On February 17, in Nghi Son Town, Thanh Hoa People’s Committee, together with investors, commenced two key projects worth thousands of billions of VND. Specifically, Project No. 1 of the Duc Giang-Nghi Son Chemical Complex of Duc Giang Chemical Group is built in Tan Truong Commune; it has an investment of 2,400 billion VND, expected to come into operation in Q1/2026. Billion Union Vietnam Fabric Factory Project with a total investment of 70 million USD, land use scale of 32 ha.
Yen Bai: Approved investment in 7 projects with total capital of over 625 billion VND
On February 18, Yen Bai People’s Committee granted investment decisions to 7 projects including: Yen Bai Export Forestry Factory (124.7 billion VND); GO! Yen Bai Supermarket (5.3 million USD); Biological Products Factory (95 billion VND); Fused Phosphate Fertilizer Factory (90 billion VND); Factory for recycling scrap and common solid waste into renewable energy (70.4 billion VND); Hai Nga inland waterway port (60 billion VND); Thanh Son white marble factory (50 billion VND).
Ninh Thuan: Construction of the first pumped-storage hydropower plant in Vietnam
On February 22 in Bac Ai district, Ninh Thuan province, Vietnam Electricity (EVN), Power Project Management Board 3 held a ceremony to launch the construction of the Bac Ai pumped-storage hydropower plant project – phase 2. It has a scale of 1,200 MW including 4 turbine/pump-generator/engine units with a capacity of 300 MW/unit. The total investment is about 21,100 billion VND. Unit 1 is expected to be completed in December 2029, unit 4 in December 2030 and the entire project in May 2031.
Hai Phong: Korean Group Starts Construction of Jeil Logistics 1 Project at Nam Dinh Vu IP
On February 25, at Nam Dinh Vu Industrial Park, Hai Phong City, the groundbreaking ceremony of Jeil Logistics 1 Project of Jeil Group (Korea) took place with a total investment of more than 44.5 million USD. The expected land area used is nearly 80,000 sqm. The project is expected to officially come into operation from the third quarter of 2026. The project provides warehousing and storage services; container warehousing services; warehouse rental for storage of goods.
Hai Phong: Lao Cai – Hanoi – Hai Phong railway project approved
On February 19, the National Assembly approved the investment in the Lao Cai -Hanoi – Hai Phong railway line with a total capital of VND 203,231 billion, striving to complete it by 2030 at the latest. The project starts at the cross-border rail connection point (Lao Cai province), ends at Lach Huyen station (Hai Phong), nearly 391 km long; branch line length is 27.9 km, passing through 9 provinces and cities: Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Bac Ninh, Hung Yen, Hai Duong and Hai Phong.
Long An: Opening of nearly 30,000 billion VND Ben Luc – Long Thanh Expressway
On February 7, Vietnam Expressway Corporation (VEC) held a ceremony to open 2 sections of the Ben Luc – Long Thanh Expressway project. This is the section from the HCM – Trung Luong intersection to the National Highway 1A intersection and the section from the Phuoc An intersection to the National Highway 51 intersection. It has a total length of 57.8 km, passing through 3 provinces: Long An, Ho Chi Minh City and Dong Nai; with a total investment of 29,587 billion VND.
Source: Catherine Huỳnh
