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Tony Milton MRICS

BSc (Hons) Est Man

Industrial - North
Monday, 16 March 2009





The NKER comprises HA NOI, VINH PHUC, HA TAY, HUNG YEN, THAI NGUYEN, BAC GIANG, HAI DUONG, HAI PHONG, QUANG NINH and BAC NINH. In early 2008 Hanoi was officially expanded to over 3,300 with double the population by merging with and incorporating Ha Tay (with 2.5 million people), and Vinh Phuc province's Me Linh dis­trict and 4 communes from Hoa Binh province's Luong Son district.

Overall there are over 48 IPs with a total area of nearly 3,900 hectares and investment capital of USD$576 million (foreign) and $215 million (local) in the north of the country. However, just around 24% of IPs areas are rented on average. There are over 75 projects at Hanoi’s IPs of which more than 50 of which are operational. The Daewoo Hanel IZ in Hanoi, Kim Hoa IZ in Vinh Phuc province and Haiphong EPZ in Haiphong city with a total 397 hectares between them have not yet started up operations although they received investment licences over 5 years ago. In late 2004, the PM approved an ambitious plan to develop the North into a major economic zone by 2020. Under the plan, high-­tech industries would be the north­ern zone's top investment priori­ty, including software, IT equipment, automation, robotics, high-grade steel and shipbuilding. Ancillary industries such as vehicle parts and electrical com­ponents would also be a key fo­cus, with marine-based eco-tourism, aquaculture and sea­food processing also placed high on the investment list. The development of human resources would play a major role in the region's economic future, with a series of vocational projects, including a vocational training centre in Vinh Phuoc Province and a polytechnic university in Hung Yen Province. Transport upgrades in the region would include the Ha Noi to ­Hai Phong expressway; direct rail links from Hanoi to coal mines and the World Heri­tage site in Quang Ninh; in­ner-city metros and railway systems in Ha Noi; and a deep water seaport in Hai Phong. Under the 15 year plan Vietnam's northern region has also been set a variety of ambitious socio economic targets. The region will aim:-


  • To contribute 23-24% of GDP by 2010 - up from about 21% in 2005 – and 29% by 2020.

  • To contribute more to national tax rev­enue: 26% by 2010 and 29% in 2020, up from 23% in 2005.

  • To achieve and export value of USD$1,200 per capita per year by 2010 and USD$9,200 by 2020, up from about USD$450 in 2005.

  • To reduce unemployment to 6.5% by 2010, and track under 4% in subsequent years.

  • To reduce it’s poverty rate to 1.5% by 2010 and to less than 0.5% by 2020.

  • To reduce its population growth to 1% in 2010 and 0.8% by 2020.


In 2007 the IPs & EPZs in Ha Noi attracted a total of USD$300 million in FDI of which USD$245 million was from new projects. However, new FDI is only expected to be USD$180 million in 2008.




The Red River Delta region has emerged as a major area for industrial development, with many new IPs licenced and existing IPs expanded. Construction on a new highway began in May 2008, which will further facilitate the development of the east-west Hanoi-Haiphong axis. Development along the current high­way and railroad, the pull of the two poles Hanoi and Haiphong, and the desire for convenient access to Haiphong's port have brought about the formation of the Hanoi-Haiphong industrial corridor, which includes 10 IPs along Highway 5a and clusters of high-tech parks and heavy and light industrial parks at both ends of the corridor. The demand for IP space is evidenced by the high occupancy rates of operating IPs. The 6 IPs in Hanoi are almost fully occupied, Hung Yen IPs is at 80%; 4 of the 7 IPs in Hai Duong are full and the Nomura IP and 1st Phase of the Dinh Vu IP, both in Haiphong, have attained 95% and 100% occu­pancy respectively. Hanoi's IPs recorded the highest IP land rents. In the first quarter of 2008, land rents with sound infrastructure reached USD$150 psm per 38 years in Hanoi-Dai Tu IP. The Sai Dong B and South Thang Long IPs in Hanoi recorded land rents of USD$125 and USD$100/sqm for 41 years and 44 years respectively. IPs in Hung Yen and Hai Duong are mostly occupied by light industries such as textiles and garments, footwear production and food processing. Land rents in these IPs range from USD$45-$55/sqm. Currently the corridor reportedly pos­sesses 16 operational IPs with a total area of 3,480 hectares, with 16 more at 8,954 hectares slated for the future.




Hanoi set a 2009 target to attract 35 new foreign-invested projects to its IZs with a total registered capital of US$150 million, and to approve additional investment of another $150 million, and for a year-on-year increase of 15-20% in revenue in the city's IZs and an export value of $1.85 billion. In 2008, Ha Noi's IZs attracted 22 foreign-invested projects valued at $75 million. Investors were mainly from Japan, Taiwan, mainland China and South Korea. The zones have also drawn additional investment capital of above $249 million through existing projects. In 2008 total capital invested in the city's zones rose 6%. The expanded Ha Noi is now home to 12 IZs, covering a total area of 2,500ha, of which Thang Long, N6i Bai and Sai Dong B have full occupancy.


Ha Noi was home to 6 IZs and 18 industrial complexes covering a total area of about 1,400 hectares: Dai Tu, Sai Dong A, Thang Long, Noi Bai (foreign owned), Sai Dong B and the recently approved Soc Son (domestic companies). Hanoi plans the further industrial expansion to the north and north-west of the city over the next few years. In 2005 provincial authorities announced plans for 2 more IP’s to bring the planned total number to 30 by the end of the decade. Part of this plan is the establishment of 6 more small and medium sized industrial zones including Hai Ba Trung, Ninh Hiep, Phu Minh, Soc Son, Tu Liem, and Vinh Tuy.


Hanoi has the highest industrial zone occupancy rate in the country, at more than 95%, compared to 50% for other cities and provinces. More than 110 companies are plying their trade in the zones. Small and medium-sized industrial complexes around the capital are also close to fully booked. Hapro and Ninh Hiep in Gia Lam district remain as the only parks with lots available. Hanoi People's Committee has decided not to build more industrial zones and instead replace then with high-tech zones. The USD$250 million Habotech Park will become the first bio-tech park to be built in South Thang Long area. Hanoi now has 18 small and medium­sized industrial complexes on 700 hectares. Hoya, Sumi Hanel, Denso and Sumito­mo Bekerlite top the list of tax earners. The parks employ 59,264 workers.


Ha Noi has established 20 small and medium-sized in­dustrial zones and traditional handicraft villages to date 8 of which are in opera­tion, attracting 143 firms with capital totalling US$189 million. Ha Noi welcomes 4,500 new enterprises each year, 800 - 900 of which need land for production and commercial activities but the city can meet only 10% of this de­mand for land even when all of its planned industrial zones for SMEs are put into operation. Meanwhile, many State ­owned enterprises hold ex­cess or unused land use rights which they lease out to smaller companies. Even companies that have obtained land in industrial zones face high average rents which continue to rise. Tu Liem Industrial Zone has many empty places that it is saving for other enterprises to move from urban ar­eas under the municipal re­location programme.


Thang Long:- Situated on the highway connecting central Hanoi with Non Bai International Airport, TLIP 14km from Noi Bai International Airport; 16km from central Hanoi; 122km from Haiphong Port; and 120km from Cai Lan Port, in the centre of the new Bac Thang Long-Van Tri urban area. The new town, which is being built with Japanese ODA, will supply utilities and services to the 1997 58/42% Sumitomo Corporation (Japan) and Dong Anh Mechanical Company JV. The 1997 $53 million 294 hectare IP is being developed in three phases, and the 1st 121 hectare phase is now fully occupied by more than 33 (mostly Japanese) enterprises worth over $600 million and creating jobs for more than 5,000 people. TLIP was the first IP in Vietnam to adopt the ISO14001 Environmental Management System. Work on the $25 million 75 hectare 2nd phase has started. Tenants must rent a minimum of 2 hectares and include Tokyo Micro Vietnam, Kein Hing Muramoto, Yasufuku, Kayab, TOHO, Matsushita Home Appliances, Mitsubishi Pencil, Canon, Denso, Dragon Logistics and Matsuo Industries. In late 2005, the PM approved the $14 million 3rd Phase 89 hectare expansion and in late 2006 Sumitomo Corp announced plans to invest USD$80 million to develop the 219 hectare TLIP2 in Hung Yen province.


Noi Bai:- Established in 1997, the 100 hectare IP is a $30 million Malaysian JV (Renong) and has attracted over 10 projects capitalised at more than $65 million. In 2003, the management cut land rates by half to attract more investors and asked the city for a durable clean water system and a bus route that would link the IP to the city centre.


Dai Tu:- Located in Long Bien District on the National Highway 5 linking Hanoi with Haiphong. Despite spending $10 million on completing most of the infrastructure at this 1995 40 hectare $12 million JV (with capital contributed by 15 Taiwanese shareholders via the Ha Noi-Dau Tu JSC), since 1999 they have stated that they are financially incapable of continuing. The Hanoi Authority for Industrial & Export Processing Zones (HAIEPZ) has now asked the government to revoke the investor’s licence. The park has not yet opened to any tenants although it has finished its infrastructure and facilities.


Sai Dong A (aka Daewoo-Hanel):- Located in north-eastern Gia Lam District on the National Highway 5 linking Hanoi and Haiphong City and close to the capital city. This 1996, 40/60 $152 million Korean JV between South Korea's Daewoo Corporation (70%) and Hanoi Electric Company or Hanel (30%) covers 407 hectares. The foreign partner reportedly spent about $6 million on administrative costs and drawing up outline investment plans before going bankrupt in the 1997 Asian Financial Crisis. In 2002 South Korea’s second largest construction company - Daewoo Engineering & Construction – acquired the interest. However, there wasn’t any new progress, due to both land clearance and financial difficulties. In early 2004 Daewoo E&C then sought to transfer its interest to the local partner - Hanel – who are also the investor behind Sai Dong B. However, according to HAIEPZ, "The price Daewoo gave out is far from reality and far from the financial ability of Hanel…..and would prevent local investors from taking over ownership.” So, at the end of 2004 Daewoo E&C decided to try to transfer its interest to “other” foreign investors that prompted the Hanoi People's Committee to publicly state their wish that both Sai Dong A and Dai Tu should be handed over to local investors “rather than letting other foreign investors jump in.” There followed a visit from HQ, and Daewoo E&C have now apparently decided to return to develop. However, it maybe too late as HAIEPZ have requested the government’s clarification as to how other (local) investors can take over the construction. In mid 2005, the MPI echoed the local authorities own requests to central government to disband the long stalled project.


Sai Dong B:- Located 8km from central Hanoi and one hour's drive from Noi Bai International Airport the park has leased its 48 hectares to over 25 projects with a registered capi­tal of more than US$330 million of which over 20 are operational.. These projects are mainly involved in electronics, electronic compo­nents, household electrics, opti­cal glass, garments, cosmetics, foods, and pharmaceuticals. In early 2004, an affiliate of the Ha Noi Investment & Development Corp began work on the new Sai Dong Residential Urban Area in Long Bien District with $108 million covering 56 hectares to construct 1,900 apartments in 36 high-rises and villas, able to house 10,000 people. Completion is expected in 2008.


Soc Son:- The 50 hectare 1st phase is under preparation. A draft HAIEPZ plan in 2003 suggested expanding the park by 500 hectares that would make it the largest in the capital.


South Thang Long Biological Technological Park: - In early 2007 Britain’s Pacific Land Ltd announced that it was seeking approval to build the South Thang Long Biological Technology Park in Hanoi which will cost USD$1 billion and cover 200 hectares.


Bac Ninh


Provincial Industrial Sector


Authorities are trying to turn the province into an economic hub with ambitious industrialization plans by 2015. There are currently 4 IPs operational in Bac Ninh : Tien Son, Que Vo, the 300 hectare Dai Dong-Hoan Son, and the 340 hectare Yen Phong 1, which are home to 222 projects capi­talized at USD$562 million with plans to set up 6 others by 2010. Bac Ninh is also home to several small IPs including Chau Khe, Dong Quang, Phong Khe, Vo Cuong and Dai Bai, in which most of the land has already been taken. The People's Committee have also approved the building plans for 9 others - Dai Bai, Dinh Bang 2, Vo Cuong, Hap Linh, Tao Doi, Thanh Khuong, Pho Moi, Tan Hong-Dong Quang, and Tan Hong-Hoan Son - and set aside 1,000 hectares for the development of 21 small and medium sized IPs and has 62 traditional craft villages. The Ministry of Health also plans to build a 150 hectare $80 million pharmaceutical­ manufacturing zone in Tien Du District. In the past 3 years, the province has licensed 66 projects with a combined capital $93 million in its 2 operational parks, creating over 6,500 jobs. The parks and craft village clusters have so far attracted investment from 839 projects, of which over 530 are currently operating, creating more than 18,000 jobs. Bac Ninh Province is now a des­tination for big international in­vestors in hi-tech and electronic sectors.


Existing Industrial Parks


Que Vo:- The $34 million 311 hectare IP forms part of a larger $90 million 700 hectare project that includes a 30 hectare inland container depot and the Phuc Ninh urban centre - a new 200 hectare housing and commercial complex with entertainment facilities and 100 hectares of parks. The IP, one of the first in the country to build infrastructure in combination with residential facilities for workers and managers, is located 30km north-east of Hanoi adjacent to National Highway 1b and only 3km from Hanoi’s Noi Bai International Airport and was established at the end of 2002 by among others Saigon Construction Corp and Saigon Tourist, and is scheduled for completion by 2008. The IP is subject to the direct management of the Bac Ninh Industrial Park Management Board who an­nounced it leased out all land to 60 local and foreign investors and in mid-2008. The park hopes to create employment for 60,000 workers and contribute an annual sum of USD$32 million to the provincial budget. Hung Yen Steel Co who have leased over 8 hectares to build a steel rolling plant worth $31 million and in early 2005 Canon developed a facility with an annual out­put capacity of 8.4 million laser printers – enough to meet 35% of the world's de­mand for the products – and many of Canon's suppliers from Japan, Taiwan and China have visited the park to explore investment prospects. By the end 2007 Canon Vietnam had started work on its third factory in Que Vo with a total investment USD$306.7 miIlion.


At the end of 2007, the IP infrastructure devel­oper - the Kinh Bac City Corp - debuted on the Hanoi bourse to raise funds for expansion plans including a USD$1 billion investment in developing a new urban town and forming a foreign JV to develop a 5 star hotel worth some USD$300 million on 2 hectares in Hanoi. Kinh Bac, a unit of Saigon Invest Group and the owner of the IP also started on the $38 million 340 hectare 2nd Phase as the 1st Phase was fully occupied by about 60 foreign and local companies that had invested about US$530 million. It is expected to provide work for 20,000-30,000 workers.


Tien Son:- Situated 20km from Hanoi and 30km from Noi Ba, Tien Son IZ has a total capital of USD$51.87 million and covers 349 hectares (134 hectares 1st Phase). In early 2003 the developer announced plans to expand the park with another 450 hectare 2nd Phase. Tien Son is 20 kilometres from Hanoi and 30 kilometres from Noi Bai airport and has its own power station, water pumping station and postal, banking and other services. In mid-2008 the Viglacera Infrastructure Investment Development Company (INDECO), a member of Viglacera Corporation completed the waste water treatment station with a processing capacity of 2,000 cu.m per day. In late 2004 construction on a residential and sports centre began covering 4 hectares. Some USD$1.2 million will be spent providing houses for 400-500 workers at the park and another USD$955,000 on one hectare of sports facilities including a swimming pool, tennis courts, gymnastics rooms and a service centre. A large housing complex to provide accommodation for workers and employers costing USD$5.9 million covering 24.3 hectares and featuring low-rise buildings, schools and other public facilities is under construction. Tenants mainly operate in footwear, tobacco, beverages and engineering.


Bac Ninh ICT:- In early 2004 construction began on Vietnam's first Information, Communication & Technology park. The 50 hectare $19 million project, which is about 20km from Hanoi and adjacent to National Highway 1, is being developed by Sai Gon Telecommunication & Technologies Corporation (SaigonTel). The park will include an 11 storey central building, a commercial and exhibition centre, a working section for corporate tenants and information technology facilities, and when completed will have working room for 3,000 experts in the ICT industry. The plan is to attract 50 investors with investment capital of $100 million in total. SaigonTel is the official partner of Cisco Systems, Sun Microsystems, Veritas, EMC, Microsoft and other international IT firms in Vietnam.


Yen Phong:- In early 2006 Viglacera (Glass & Construction Ceramics Corporation) began building the USD$62 million park at the intersection of the North­-South corridor where National Highways 1a &1b link up connecting Hanoi with Lang Son province and with the East-West corridor where Highway 18 links Noi Bai International Airport with the Cai Lan deep water port in Quang Ninh, and next to the railway from Ha Noi to Lang Son Province, which is borders to China. Only 60% of the 340 hectares will be developed for factories and ware­houses with rest used for pub­lic spaces, trees, technical infrastructure & roads. The park is expected to generate jobs for 15,000 local workers.


In mid-2008 Samsung Electronics started work on a USD$670 million mobile phone plant with an annual output of 30 million hand­sets in the first stage and 100 mil­lion products later on, which served as a strong catalyst for 7 suppliers of the South Korean company to invest US$47 million building factories which produce components for the Samsung's mobile phone plant. Samsung plans to source 40% of locally-made components for the factory, which is expected to earn annual revenue of US$2-5 billion with export value making up 95% of the figure.


Dai Dong-Hoan Son IZ : - In early 2008 construction started on the USD$87.5 million project by the Sai Gon Telecommunication & Technologies Corp, covering 272.11 hectares. It will serve investment projects for sectors such as manufacture of construction materials, mechanics assembly and manufacture, agriculture and forestry processing and textile and consumer goods production.


Hai Phong


Located 102 km from Hanoi, Hai Phong is an old industrial city and port and serves as the main gate to the sea for many provinces in northern Vietnam. Hai Phong has a strategically important po­sition and belongs to the northern key economic zone. From Haiphong Port, the biggest port in northern Vietnam, there are routes to Singapore, Hong Kong, Taiwan (Kaohsiung, Keelung), South Korea (Pusan) and China (Shekou).The Government has invested money to build, renovate and upgrade infrastructure to develop industry, trade and tourism. The government has approved AN additional 13 new industrial parks, covering 8,357 hectares in Hai Phong besides the 3 existing ones : Nomo­ra, Do Son and Dinh Vu. The new parks will include Nam Dinh Vu (1,200 hectares), Ngu Phuc (450 hectares), Trang Due (400 hectares), Nam Cau Kien (457 hectares), Nam Trang Cat (1,000 hectares), VSIP-Thuy Nguyen (1,000 hectares), An Duong (800 hectares), An Hung (450 hectares), Tien Tllanh (450 hectares), Giang Bien 2 (400 hectares), Vinh Quang in Vinh Bao district (350 hectares), An Hoa (200 hectares) and Vinh Quang in Tien Lang district (1,000 hectares).


Nomura:-Located in An Hai District the park is 85km from Hanoi by National Highway 5; 13km from the downtown of Hai Phong City; 2km from the railway station; 15km from Hai Phong Port; and 20km from Cat Bi Airport. The 153 hectare NHIZ is a US$120 million Japanese JV (JAFCO Investment Asia Pacific) with 123 hectares to lease. Nomura sees Hai Phong City as a window to the outside world with easy access to China, Japan and other international termi­nals, a convenient location for export and import transactions, an abundant and high quality workforce with low labour costs. Established in 1994, the development of infrastructure in NHIZ was completed in early 1997 but because of the Asian Financial Crisis only 10 projects were licenced in the 1996-2001 period. Some USD$163 million has been spent on infrastructure and the park is now fully leased mainly to Japanese companies who have benefited from Japanese government funded ODA projects. Tenants include Nishishiba, Shin Yong Chemical, Hiroshige Corp and Vietphong Garment.


Dinh Vu:- Located 120km east of Hanoi, 5km from Hai Phong City center; 2km from Hai Phong port; 12km from Cat Bi airport; 8km from the central railway station; and adjacent to the end point of National Highway 5 (which has been up-graded to 4 carriage-way road with Japanese ODA), this $80 million 1997 3-party 70/30 JV between the Haiphong Transport Engineering Company (HP Transenco), the Belgian International Port Engineering & Management Company (IPEM) and American Insurance Group (AIG), covering 1,152 hectares. The JV has an ambitious plan to turn the Dinh Vu peninsula into a modern industrial centre with an economic complex covering over 1,177 hectares including a 680 hectare IP, a 137 hectare deepwater port, and 79 hectares for residential, public services and commercial complex. Located in the north of Vietnam, Dinh Vu peninsula is considered a strategic location to investors and generally considered one of the region's most interesting sites for industrial real estate. The area has excellent hinterland connections, consisting of roads and railways that will extend to the DVEZ, a seaport (currently under construction), inland waterways and access to the nearby Cat Bi airport. In 2004 extensive infrastructural projects worth $5.4 million were started in an effort to attract petro-chemical investors including an enlargement of the zone's liquid jetty system and a deepening of the channel to allow 10,000 dead weight tonne vessels. More than $30 million had been spent on infrastructure development and tenants have leased all of the 1st phase's 164 hectares. The park is also reportedly finalising leasing contracts with several industrial projects, worth a combined $140 million. Tenants include Caltex, PetroVietnam, Proconco, Lam Thao Fertilizers & Chemicals (Lafchemco), and Producing & Trading Metal JS Co (Ptramesco), PetroVietnam Gas and Shinpetrol (Vinaline – National Shipping Lines Petroleum Investment & Transport JS Co). In late 2007 the Vietnam Railway Corp (VNR) was nominated by the Government to be the owner of a USD$56 million project to build a railway connecting Chua Ve to Dinh Vu Industrial Park in Haiphong. The developer, Dinh Vu Industrial Park Joint Stock Company, has received an investment certifi­cate to invest USD$147 million in building infra­structure on 377 hectare 2nd Phase.


Dinh Vu – Cat Hai EZ- At the beginning of 2008 the PM approved the establish­ment of the economic zone in Haiphong City for maritime, port and hi-tech projects. Investors of hi-tech projects there will enjoy corporate income tax rate of 10% for the whole licensed period while Vietnamese nationals and foreigners will be en­titled to a 50% reduction in indi­vidual income tax when working there.


Hai Phong 96 EPZ:- Located 121km from the centre Hanoi City, 15 km from Hai Phong and 17km from Hai Phong Port the 1997 park covers 150 hectares with 110 leaseable hectares. After several years of standstill due to changes in partners and the regional financial crisis, construction re-started in early 2004. The $75 million project is expected to be completed in 2006 with non-polluting businesses that use modern technology and have export markets as its targets.Tenants include Chinese owned textile, leather and footwear factories.


Van Don Economic Zone:- In 2007, Royal International got the green light to undertake a feasibility study for the proposed economic zone including a $200 million international airport.


Foxconn Hi-Tech Park: At the end of 2007 Hai Phong City licenced Tai­wan-based Foxconn Technol­ogy Group and the Kinh Bac Cite Corp to invest over USD$1 billion in an industrial-­urban-entertainment complex covering 1,000 hectares in Hai An District near Dinh Vu Industrial Park. The two companies have plans to develop a 600-hect­are hi-tech park and a 400­hectare urban-entertainment complex in the district.


Vinashin Shintec SIP: In late 2007 construction began on the Vinashin-Shinec Industrial Park (SIP) in Thuy Nguyen District. The SIP was set up and zoned off in September 2006 under the management of the Viet Nam Shipbuilding Industry Group (Vinashin) and covers 300 hectares along the Cam River, Hai Phong Port and National Highway 10. Facilities in the complex will include wharfs, offices and warehouses.


Do Nong-Cho Ho IZ: With a planned area 150 hectares, the removed special investment incentives in early 2008.


An Hong Shipbuilding IZ: With a planned area 30 hectares, the removed special investment incentives in early 2008.


In early 2008 the PM approved the addition of 11 zones to be established to 2015 including Nam Dinh Vu (1,200ha); Nam Trang Cat (1,000ha), Thuy Nguyen (1,000ha): An Duong (800ha): Tien Thanh - Tien Lang (450ha), Gian Bien 2 - Vinh Bao (400ha); Vinh Quang - Vinh Bao (350ha).


IPs to be established in Haiphong

Nam Trang Cat                                  1,000he

Thuy Nguyen                                      1,000he

An Duong                                           800he

Nam Dinh Vu                                     1,200he

An Hung-Dai Ban                              450he

Tien Thanh-Tien Lang                       450he

Giang Bien II-Vinh Bao                     400he

Vinh Quang -Vinh Bao                      350he

An Hoa-Vinh Bao                              200he

Ngu Phuc-Kien Thuy             450he

Vinh Quang-Tien Lang                     1,000he

Nam Cau Kien                                   457he

Trang Due                                          400he


Hai Duong


In a short time Hai Duong has seen its industrial sector climb to 41%, trade and services to 29% and agriculture fall to 30%. Investors from 17 coun­tries now have interests in the province, including US car­maker Ford, Phuc Son cement and a Belgian diamond fac­tory. In 2003 the Ministry of Construction approved a proposal for 3 new IPs: Dai An, Phuc Dien and Nam Sach with a combined total area of 322 hectares and infrastructure development cost of about $33 million. An additional 2 IPs have since been approved - Phuc Thai & Viet Hoa - but these have yet to be built. The province now has attracted over 140 FDI projects with registered capital of over $1.45 billion. The province has spent over $7 million developing the infrastructure of 6 IPs covering over 800 hectares (Nam Sach, Dai An, Phuc Dien, Phu Thai, Tan Cang & Hai Duong North), is calling for investment for another 13 IPs including Nhi Chieu, Quan Goi, Pha Lai, Doan Hong. By early 2008 the province had 8 IZs covering almost 1,620 hectares with 2 more to be established by 2010.



Nam Sach:- Located in Nam Sach District, the IP is the first in the province. Work started on $8 million infrastructure development at the beginning of 2003 and most of the 63 hectares is reserved for the textile and garment in­dustry resulting in 80% occupancy.


Dai An:- Established in 2003 by the Dai An JS Co the 1st phase of the 171 hectare $17 million IP is expected to open for operation in 2006. Over 300 hectares have been leased to enterprises from China’s Yunnan province. By mid 2005, the park had attracted a total investment capital of $140 million from 10 foreign­ invested projects. Construction of an 18 hectare residential complex to serve the IP began at the end of 2004 costing more than $24 million and including high-rises, 2-storey villas, 3-floor town houses, schools, health clinics, trading centres, parks and parking. In early 2005 provincial authorities granted an application for the IP to triple its total size to 500 hectares. Construction is expected to finish in 2006; and in mid 2005, plans were announced to expand its area to 800 hectares, making it the largest industrial zone in the northern region.


Phuc Dien:- Situated 37km from Hanoi and 60km from Haiphong Port, work started on the province’s third IP in early 2004, to take full advantage of the Japan funded National Highway 5 upgrade, linking the capital with Haiphong Port. The IP has an area of 87 hectares and total investment capital of $10 million and is over 80% occupied. Over 4 domestic and foreign investors have registered to rent over 40 hectares. The IP is targeting enterprises specialising in electronics, textiles & garments, agricultural product processing, and engineering.


Viet Hoa:- Situated in Hai Duong City, in late 2005 Taiwan's Ken Mark Group announced plans to in­vest $500 million in the zone. The 130 hectare project will include areas for industrial produc­tion, business and services, an urban area and sites for entertainment. To start the project, the province has granted a li­cence for the group to con­struct a plant to produce modern screens for TV sets with a total capital of $180 million. As a part of the project, a high-quality hospital and a plant manufacturing medical equipment and pharmaceutical supplies with a combined capital of $300 million will also be built.


At the end of 2007 the province publicized the zoning plan of the IP covering 357 hectares in Cong Hoa and Van Duc Communes and the urban and IP development firm Geruco was selected to invest over USD$62 million in the IP, with nearly 69% of the total area reserved for factories.


Vinaruco: - In early 2008 the urban and industrial projects developer Vinaruco under Vietnam Rubber Industry Group has started building an IP in 2 phases, with the first one covering more than 357 hectares and costing over USD$64 million. The park is expected to be fully occupied after three years and employ 20,000 people.


Cong Hoa:- In early 2008 work started on one of the largest industri­al parks in the northern region by the Vietnam Rubber Group's (VRG). The IP wil cover 700 hectares with work on the first 357 hectares of the project expected to cost USD$63 million. The park is at the crossroads of the crucial northern east eco­nomic region, close to avia­tion and sea ports and will focus on high technology, industry, automobile assembling, machinery mechanics and electronics.


Quang Ninh


Many local and foreign investors are targeting Quang Ninh as an attractive place in the NKER to do business as there is sufficient port infrastructure and easy access to the vast Chinese market. Provincial authorities’ long-term vision is to develop more IPs including Doc Do, Chap Khe, Kim Sen, Trap Khe in Uong Bi, Hoanh Bo and Mao Khe in Dong Trieu by 2010 in addition to the 5 that are already licenced, of which 2 are operational.


Hai Ha Economic Zone:- In early 2007, work startedon the $15 billion 15,000 hectares economic zone in Hai Ha District which includes a deepwater sea port with 23 meter depths capable of accommodating 200,000dwt vessels and an indus­trial complex with metallurgy, rolled steel, ship building, thermal electricity, petro­chemical, and tourism areas. The zone is scheduled to be completed by 2017 and the Vinashin shipyard will be able to build vessels of up to 320,000 tonnes. The $1 billion shipyard will come on stream by the end of 2007 and the port facilities will enable the development of industries like petrochemicals, power, and hospitality. The major domestic in­vestors involved are Viet Nam National Coal and Mineral Industries Group, Viet Nam Oil and Gas Corporation (Petro Viet Nam), the Bank for Investment and Devel­opment of Viet Nam, Viet Nam Post and Telecommunications Group, Ha Long Investment and Develop­ment Corporation, and Vinashin.


Cai Lan:- The $8.5 million IP is situated to the north of National Highway 18a which links runs to Hanoi and connects with the Mong Cai Border Gate, the 40,000 DWT deep water Cai Lan Port and Bai Chay Bridge, and is 5km from central Ha Long City. Road No 10 extending from Uong Bi to Hai Phong City is under con­struction and the Kep-Bai Chay-Hanoi railway is schedule to be upgraded to connect with the national rail network. The 78 hectare 1st phase is 80% occupied and has attracted total projects worth $250 million (foreign investment) and $20 million (local investment) involved in the production of plywood, wooden products and construction materials. Vietnam Steel Corp have plans to build a 22 hectare steel mill worth $120 million citing the IP is a convenient location for heavy-industry projects because of the nearby deep water seaport. Quang Ninh authorities are planning expansion of the IP by 250 hectares as the 78 hectare 1st phase is now fully occu­pied. Much of the expanded area will be used to accommodate the shipping complex.


Viet Hung:- Located in Ha Long City, the zone has a total area of more than 300 hectares including 60 hectares for mechanical manufactur­ing, 40 hectares for agricultural and maritime processing, 47 hectares for con­struction materials production and 42 hectares for producing con­sumer products. Construction is expected to be completed by 2008 and it envisioned that it will eventually employ 25,000 workers. It is appealing to investors because of its seaport, road and railway connections.


Hai Yen:- Plans to build this $16 million 193 hectare park located on the Chinese border in Mong Cai town were approved by local authorities in 2004 and infrastructure development work is scheduled to start soon. The park is designed to attract manufacturers of building materials, garments and electronic appliances and will be anchored by the Viglacera. Authorities believe that the zone will at­tract Chinese enterprises seeking to enter the ASEAN markets and enjoy tax advantages. In late 2005, Vietnam Glass & Ceramics Corp (Viglacera) was recommended to central government to be selected to be the investor developer of the park by the MPI.


Dong Mai:- Plans to build this 197 hectare park were approved by local authorities in 2004 and infrastructure development work is scheduled to start soon.


Vinh Phuc


The province has attracted over 450 projects worth more than $1.2 billion with over $575 million in FDI, and over 90% going into manufacturing industries. Authorities have developed 7 IPs: Khai Quang in Vinh Yen town covering 178 hectares; Quang Minh in Me Linh District covering 130 hectares; Kim Hoa; Binh Xuyen; Thien Ke; Chan Hung and Phuc Yen. The province's People Committee has also ap­proved several additional zones including the Son Loi covering 16 hectares; Huong Canh covering 40 hectares; Lai Son covering 16 hectares; Dong Van; Binh Xuyen; Kim Hoa; Tam Duong and Hop Thinh. The existing 7 industrial zones and 5 small and medium sized industrial complexes now cover 3,500 hectares. The province plans to focus on further developing its industrial zones as part of the 2010-2020 Industry Development Strategy. It expects to establish a further 4,500-5,000 ha of industrial land during that time.


Binh Xuyen:- By 2005 the IP had attracted 34 projects worth over US$7 million, of which 15 domestic and 3 FDI projects were operational, providing more than 5,300 jobs and occupying 80% of its 154 hectares.


Kim Hoa:- Although  licenced in 1998 to the Agriculture & Rural Development Marketing & Investment Company (Ministry of Agriculture & Rural Development), by the end of 2002 the Vinh Phuc People's Committee decided to make a formal sub­mission to the Government to change ownership of the $6 million to IDICO (the Industrial Park & Urban Development Investment Corporation-the Ministry of Construction), citing financial and management problems, which has been approved.


Khai Quang:- The IP has so far attracted over 30 projects with a combined capital of over $125 million and is reportedly negotiating terms with another 15 enterprises.


Ba Thien:- The IP was the first wholly foreign-owned park in the province, 50 kilometres from Hanoi and covers a total area of 327 hectares capitalised at USD$21 million by Taiwan's Bentham International Co Ltd. Bentham International has experience in operating IPs in Vietnam as it was the foreign partner in a joint venture to develop the 313 hectare My Xuan A2 IP in the southern Ba Ria - Vung Tau province.


Hung Yen


The province has attracted over 80 projects to its IPs with total registered capital of nearly $1 billion and plans to put into operation 10 handicraft IPs.


Pho Noi A & B:- The Vietnam National Textile & Garment Corp (Vinatex) has leased over 25 hectares at Pho Noi B as part of its development strategy for the decade, and the 70 hectares 2nd phase is now underway. In early 2003 the Government approved a 290 hectare expansion to the Pho Noi A IP to accommodate the increasing demand for land from Hanoi based enterprises seeking lower land rents. The municipal People's Committee will develop the infrastructure in the expanded area.


Minh Khai:- In 2003 provincial authorities started infrastructure construction on the $1.3 million industrial estate and group of handicrafts villages covering 9 hectares, half of which are allocated to local crafts people and businesses. A total of 160 businesses involved with the recycling of plastic will be accommodated in the zone who intend to market 1,960 tonnes of PVC, PE and plastic bags, worth an estimated $500,000 every year.


Thang Long 2: - In late 2006 Sumitomo Corp announced plans to invest USD$80 million to develop the 219 hectare TLIP2 in Hung Yen province.


Ha Tay


Hoa Lac Hi-Tech Park:- Located in Thach That district by the Son Tay-Xuan Mai Highway 21 and on the new Lang- Hoa Lac Highway 30km west of Hanoi, in the planned area for the Mieu Mon Hoa Lac-Son Tay town series, the IP has been designed as a “Green Cyber City” with working and residential areas spread over 1,650 hectares. Originally approved by the government in 1998, the 3 phase construction of the park is expected to last until 2020. It is expected to cost over $825 million and employ an estimated 36,000 workers and is considered by the Ministry of Science, Technology and the Environment to be a vital in establishing a globally-integrated knowledge-based economy. Hoa Lac and its southern counterpart Saigon Hi-Tech Park, received the full support of central authorities in 2002. Central government has promised $5million and the Japanese government pledged $96 million, in form of an ODA package, towards the construction of an 8 hectare software zone; a 34 hectare high ­tech industrial zone; a 20 hectare research and development area; a 16 hectare urban and commercial com­plex; residential areas; and a 28 hectare rec­reation area on the 200­ hectare 1st phase of the project. There are numerous tax and other incentives available to genuine, large scale ‘hi-tech’ companies and IT platform and telecommuni­cation infrastructure for the park will  include a 45megabyte satellite station and broadband optical ring for Internet access, an IT research and training centre, an e-library and a high capacity Internet gate­way. Internet and tele­com charges will be competitive prices compared with other Asian countries and the price for calls from the park to Hanoi will be charged at inner-province rates. Priority projects for the park include information communication technology and software development, biotechnology for agricul­ture and health care, mecha­tronies, microelectronics, photoelectronics, automation, new materials and new energy technology. In early 2004 the PM approved a project to expand the Hanoi Lang-Hoa Lac expressway to 6 six lanes. Intel has visited several times and showed interest in building a manufac­turing plant and Ameri­can firm International Data Group has pledged to mobilise the multi-million dollars needed for a pro­jected venture capital fund in support of R&D projects. The January-June 2007 period saw Hoa Lac Industrial Park in Ha Tay Province attracting over US$1.2 billion from the newly ­licensed projects.


In late 2006 an MoU on promoting investment in the Hoa Lac High-tech Zone was jointly signed by the Ministry of Science and Technology, the Mitsui Corporation, the Sumitomo Mitsui Bank and the Mitsui Sumitomo Insurance Company of Japan by which the Japanese partners will attract investors to the zone by providing their clients in Japan and other countries with investment information. The Ministry of Science and Technology will provide all necessary information about the Hoa Lac High-Tech Zone to Japanese partners for facilitating their activities. All parties who signed the MoU will not give or receive financial aid form each other to cover any costs that may arise while implementing their tasks. The Japanese International Cooperation Agency (JICA) had earlier helped Viet Nam develop the master plan and conduct the feasibility study for the Hoa Lac High-tech Zone.


Bac Phu Cat:- Located on an area of 1,200 hectares in Quoc Oai & Thach That District the project was approved in mid 2002. The $11 million 1st phase covers 327 hectares.


Thanh Oai Industrial Complex: Located on 100 hectares in Bich Hoa and Dong Mao districts, the $16.2 million Industrial Complex is scheduled to be operational in late 2006. Developed by Coma 18 (Construction Ma­chinery Joint Stock Company No18) the park intends to open 50% pre-leased. The developer has provided 26% of the finance costs with 40% from banks and the remainder from land leases.


Dong Mai IZ: This $78 million park is being developed by the Phong Phu Investment and Development Joint stock Company on 225 hectares in Ha Dong Town.


Phu Xuyen IP: In late 2007 the People Committee and the Viet Nam Development and Investment Joint Stock company announced a detail plan for the industrial zone project. Investment priorities will be given to the electronics, telecommunications, medical equipment, textiles, footwear, commodities, food and drink and construction materials sectors. The end goal is to move the province's economic structure out of agriculture and into the trade and service industry.


Bac Giang:-


Provincial authorities hope to become a northern industrial pro­duction hub if central government approves plans to almost double their industrial production areas to more than 500 hectares with 3 industrial complexes. The province currently has 2 IPs covering 320 hectares that are nearly full. The province also has hopes of attracting a 130 hectare Vietnam Shipping Lines Corp project to build nine factories to produce ship parts with a total investment capital of about $100 million.


Dinh Tram:- Situated in Viet Yen District, the 101 hectare park (50 hectare 1st phase), was constructed in 2003 and has over 35 projects, with a total capital of more than $65 million, and was 78% occupied after only 6 months. Currently over 6 projects are operational. The IP expects to employ about 7,000 workers. In 2005 the PM approved construction of the 2nd phase.


Dong Vang Industrial Complex:- Situated in Viet Yen District, the 40 hectare complex has been designed to accommodate Vietnam Motor Corporation who intend on producing small cars. The complex will house four factories with a total invest­ment capital of upto $250 million.


Song Khe – Noi Hoang IZ:- In mid 2005, the province licenced projects by the Vietnam Shipbuilding Industry company - Vinaship; the Vietnam Construction Glass & Ceramics Corp - Viglacera; and the Xuan Thu Wood Processing company; bringing total registered capital in the park to $12.9 million from 17 projects.


Van Trung IP:- Taiwan’s Foxconn Technology Group, the world's largest outsourcing maker of electronic equipment, in mid 2007 announced plans to develop the USD$1 billion+ 960 hectare Van Trung industrial and new urban complex with the IZ occupying an area of 500 hectares and 200 hectares used for an urban area and service complex, and a 260 hectare golf course on the remaining land. Van Trung IZ will also be added to a list of IPs to be establish by 2015. Moreover, Foxconn has registered with the ministry its intention to invest roughly US$5 billion elsewhere in Vietnam.


Vietnam-Korea IP:- Korea's Koland Company has signed a memorandum of under­standing with the province to develop the Vietnam­ Korea Industrial Park covering 100 hectares.


Nam Dinh:-


In early 2005 the Government approved “in principal” a master-plan to develop the province into a hub for the Red River Delta provinces. Under the approval 12 industrial parks covering 2,000 hectares and 36 industrial complexes will be established in Nam Dinh City so it can become the centre of economy, culture, public health care, and education in the Delta.


An Xa:- Situated in Nam Dinh City the $6 million IP started construction in 2004 and covers 51 hectares. So far over 55 businesses have registered to invest in the complex on a total area of more than 30 hectares.


Hoa Xa (aka Nam Dinh IP):- Situated in Nam Dinh District, west of Nam Dinh City the 357 hectare, $30 million park was established in 2002 and has attracted over 165 tenants with projects worth over $230 million covering 160 hectares and employing 9,000 people. Infact, in the fist 3 months it leased more than half of its land. The South Korean owned Young One Nam Dinh Co operates the largest project at the site with $53 million in regis­tered capital. By the end of 2007, the Korean group plans to have 16 to 20 workshops in Nam Dinh for making clothes, fabric, footwear and leather goods. Local authorities say that they are now having to turn away small projects.


My Trung:- Situated in My Loc District the IP covers 150 hectares.


Phu Tho:-


Thuy Van:- Situated at Viet Tri City in the middle of Northern Vietnam, the IP is on National Highway 2; the Kunming (China) ­Hai Phong expressway; lkm from Hanoi-Lao Cai Station; 6 km from Viet Tri Seaport; 50km from Noi Bai International Airport; 70km from Hanoi; and 180km from Hai Phong City at the intersection of two large rivers: the Red River & Da Rivers. The IP has a planned area of 323 hectares, of which 88 hectares of which 71 hectares for the 1st phase has been completed and 216 hectares for the 2nd phase is under construction. The IP has leased 88% of the 1st phase to over 16 investment projects worth over $30 million trading in agro-products, textiles, garments, and consumer goods.


Trung Ha:- In late 2005, the local authorities decided to invested over $14 million in establishing the park by 2010 in the 3 communes of Hong Da, Thuong Nong and Xuan Loc.


Hoa Binh:-


Hoa Binh is a mountainous province 76km north-west of Hanoi and abutting the Red River plains with many roads and waterways linking Phu Tho, Ha Tay, Ha Nam and Ninh Binh provinces. It is considered as the gateway to Vietnam's north-­western region and has an area of 4, and with forests accounting for 1, and farm land for The province is targeting investment in agro forestry production & processing; granite, limestone, coal, clay, kaolin, gold, iron and mineral industries. In early 2008 the province announced plans for 13 zones covering more than 2,666 hectares, specializing in electronics, and electronic components, garments consumer goods and construction materials. They will include Luong Son, Nam Luong Son, Bac Luong Son, Nhuan Trach, Yen Quang, Mong Hoa, Dong Tam, Phong My, Lac Thinh, Thanh Ha, Dam Duong, and Phu Thanh.


Luong Son:- In 2003 provincial authorities started site clearance and infrastructure construction on the IP which is situated on National High­way 6 close to the left bank of the Da River in Hoa Binh Town.


Thai Binh


The province is situated in the Hong (Red) River Delta region and economic growth triangle of Ha Noi, Hai Phong and Quang Ninh. The province measures 1,542 and comprises 7 Districts, 1 town, 1.8 million people and 5 IPs covering 636 hectares: Phuc Khanh, Nguyen Dac Canh and Tien Phong, Tien Hai IPs, the Diem Dien-Thai Thuy Economic Zone, with plans for 3 more industrial complexes: An Hoa, Gia Le & Cau Nghin, in addition to Hung Ha, Kien Xuong and Vu Thu handicraft complexes. By mid 2005, the province had set up a total of 17 large and small industrial complexes with a total investment capital of over $30 million, 5 of which are in Thai Binh Township with total capital of over $10 million; and licensed 185 projects with a total investment capital of US$2.5 billion. Of this, 109 projects were operational, creating 30,000 jobs.


Phuc Khanh:- In late 2003 infrastructure work began on the $13.6 million 50 hectare IP which is being developed alone by Taiwan’s Dai Tin Group. Dai Tin received a licence in 1993 with Ho Chi Minh City based private firm Thanh Long to develop the project. However, the Vietnamese government allowed Dai Tin to jettison its local partner after they could not resolve financial disagreements. Once completed the developer plans to attract $300 million from about 100 Taiwanese investors in the 1st phase with a 100 hectare 2nd phase to follow. Over 10 foreign invested projects worth more than UDS$25 million have so far been registered.


Nguyen Duc Canh:- One of Vietnam's 11 industrial textile & garment clusters, the 102 hectare IP has at­tracted over 20 projects of which the largest is the $16 million A Chau Export Garment Fac­tory. The developer hopes that these businesses will generate 15,000 to 30,000 jobs and an export revenue of about $100 million. The park is bankrolled by the Taiwan Vietnam Development Company (TVD), covering 300 hectares (120 hectare 1st phase). The developer expects around 100 Taiwanese investors and 50 Taiwanese-Viet­namese JVs to build factories in the park producing $2 billion in revenue and creating employment for 15,000 people.


Tien Hai - In early 2005 a PetroVietnam subsidiary announced that it would send the recently discovered gas from the deepwater Dong Quan D-1X well, to the park for processing.


Cau Nghin:- To date, this 97.5 hectare provincial industrial zone has attracted over $190 million from 100 projects creating 30,000 jobs.


Thai Nguyen


Song Cong:- Located on National Highway 3, 40km from Hanoi’s International Airport; 500m from Luong Son Railway Station (which is 40km from Dong Anh Railway Station in Hanoi that links with Lao Cai Railway Station where vehicles can continue to Yunnan in China); and 15km from Da Phuc River port (that goes to Haiphong and Cai Lan ports). The IP has a planned area of 320 hectares with a $5 million 1st phase of 69 hectares. Over 80% of the leaseable area has been rented out to more than 15 domestic and 3 for­eign enterprises worth over US$40 million. The IP is building more facilities to attract projects from the entertainment, sports and recreation sectors.


Soc Cong:- Situated in Thai Nguyen City, the IP was approved by the PM in 2001 and quickly leased out 78% of its $5 million, 17 hectare 1st phase to 10 enterprises with a total registered capital of US$28 million. The park is building more facilities to attract projects from the entertainment, sports and recreation sectors.





Nghe An


The province plans to set up 6 IPs with a total area of 1,100 hectares by 2010: Cua Lo covering 50 hectares; Cua Hoi covering 100 hectares; Bac Vinh covering 143 hectares; Hoang Ma covering 300 hectares; Nam Cam covering 400 hectares; and Phu Quy covering 80 hectares. The Government had approved the establishment of Narn Cam, Cua Lo, Bac Vinh and Hoang Mai.


Nam Cam:- Situated in Nghe Loc District the 330 hectares park will cost $8.5 million in 1st phase infrastructure development. The IP is designed to focus on heavy industry and has over 4 tenants occupying more than 17 hectares.


Cua Lo:- The $6 million park was approved in 2002 covering 50 hectares to  cater to local manufacturing businesses and non-polluting services. It has leased out over 11 hectares to more than 2 enterprises.


Bac Vinh:- Located 4km from Vinh City, 1.2km from National Highway 1a along an asphalted road, 2.5krn from Vinh Airport, 2km from Vinh Railway Station, 13km from Cua Lo Seaport (that is able to receive 15,000 DWT ships), and 310 km from Hanoi the IP has a total area of 143 hectares and a 1st phase of 60 hectares. More than 10 projects have leased over 17 hectares of land in the IP worth over 75 million, engaged in garment production, food processing, production of construction materials, processing wooden products for export, and animal feed production


Dong Nam EZ:- In early 2008, the province called for enterprises to invest in the new Economic Zone covering more than 18,820 hectares in the districts of Nghi Loc, Dien Chau and Cita Lo Commune. The zone will include a 300 hectare non-tariff area with wharves, export processing plants and bonded warehouses.


Hoang Mai: In late 2008 the An Petroleum Construction JSC - a unit of PetroVietnam Construction JSC (PVC) - started work on a USD$40 million project to build the infrastructure for the industrial park on 300 hectares in Quynh Luu District


Ninh Binh


Gian Khau:- Construction on the $12 million, 95 hectare IP started in 2004 in Gia Vien District. The park aims to attract light industries focused on handicraft exports, processing agricultural produce and electronics.


Thanh Hoa


Le Mon:- The 42 hectare park, that includes a medical centre and school facilities, has leased out most of its area to 28 projects worth more than $3.9 million (FDI) & $47 million (domestic investment).


Lam Son Sao Vang Urban IP:- In 2000 provincial authorities have announced plans to construct an Urban Industrial Zone over the next 20 years and called for domestic and international investment. The zone will have a population of more than 10,000 people and cover 1,000 hectares focusing on sugar production, paper production, agro-forestry product processing and mechanical manufacturing services for agriculture to cater to the province’s existing 20,000 hectares of sugar-cane and thousands of hectares of fruits and animal breeding farms.


Tay Bac Ga:- In 2004 construction began on the $8.5 million 76 hectare park that is designed for small and medium sized enterprises. The IP expects to be completed by 2006 and over 40 enterprises have already registered to lease land. The IP is part of a larger Urban & Industrial Zone that will include factories, apartments, markets and roads.


Lao Cai


Lao Cai is the northern most mountainous province of Vietnam about 300km from Hanoi. The province has an area of 8, and 203 kilometre border line with Yunan province in China and lies on the Trans-­Asia Highway that connects Hai Phong with Kunming (China). The Lao Cai ­Hekou Interna­tional Border Gate serves as a gateway to the south-western region of China, consisting of 12 provinces and cities on a total area of five million with a population of 300 million. This is a mountainous region of China with people of different ethnic groups, whose living standards are yet to be high, so local people have a diversi­fied demand for goods that Viet­namese businesses can be able to meet. The import-export value of goods traded between China and Vietnam at the border gate in Lao Cai reached over $250 million, more than 160 times greater than figures registered ten years ago. Vietnam exports farm products, consumer goods, ore and chemicals to China while import­ing fresh fruit, construction materials and other consumer goods. The Ho Kieu bridge linking the two countries is crossed by 2,200 trains, over 25,000 cars, more than half a million individuals and hun­dreds of thousands of tonnes of mer­chandises each year. Lao Cai Peo­ple's Committee has collaborated With the Chinese province of Yunnan to build Ho Kieu II for pe­destrians and cars only. In 2003 a 270km section of the 4-lane Hai Phong-Kunming road running through Lao Cai Province was up-graded to help China expand its economy towards the East Sea (South China Sea) as well as allowing Viet Nam's goods to enter mainland China. The province has 4 key eco­nomic zones - the International Border Gate; the Kim Thanh Trade Centre; the Bac Duyen Hai Indus­trial Complex; and the Dong Pho Moi Industrial Complex – at which inves­tors are completely exempt from land rental fees during project life ­cycles and between 50-100% exempt from the cost of land clearance. The provincial authorities also offer Chinese investors special treatment on import and export ac­tivities. Chinese trucks get special passes for entry and exit into Viet Nam for 30 days and the commer­cial banks from Lao Cai Province and the Chinese Yunnan Province have signed an agreement to accept ‘Let­ters of Credit’ in either Dong or Renminbi. To promote trade across the border, authorities from the both provinces ordered border gate posts to stay open 24 hours a day for the railway and from 7am to 10pm. China accounts for 80% of the FDI projects.


In late 2007 the United Nations Development Pro­gram (UNDP) offered to provide funds to promote the construction of two China-Viet Nam cross-border economic co-operation zones – one from Pingxiang of Guangxi, south China, to Lang Son Province of Viet Nam and the other from Honghe of Yunnan, south­west China, to Lao Cai. The project would not only promote local economic development but also help achieve the goal to re­duce poverty in the region.


Thang Luong:- Situated in Bao Thanh District 7km from National Highway 4E, the park houses Vietnam's largest copper ore refine­ment project. The $22 million IP has attracted over 10 projects belonged mainly to the Vietnam Mining Corporation and the Vietnam Chemicals Corporation, mostly in the metal and related sec­tors and aims to focus on creating a hub for pro­cessing apatite, bronze, iron, chemicals and fertilisers. The bronze refining project will use copper ore from the Sin Quyen mining pro­ject (the biggest in Vietnam) in the province's Bat Xat district, about 90km from the IP with a total investment of about $60 million from Vietnam and China. The Department of Industry plans to lease 150 of the park's 350 hectares to investors and use the remaining for green cor­ridors and roads.


Dong Pho Moi:- The $8.5 million 146 hectare park wants to attract clean technology businesses that do not pollute the environment.


Bac Duyen Hai:- The $5 million 300 hectare park wants to attract businesses specialis­ing in producing goods for export.


Kim Thanh Economic Complex:- In 2002 construction started on the $20 million 110 hectare 1st phase of park which is opposite the Beishan Open Economic Zone in Hokou District of China's Yunnan Province. The IP has been designed to attract foreign investment from and im­prove business relationships with China, and includes 60 hectares for hotels, res­taurants, a park, and an entertainment area specifically for foreigners. Footwear manufacturer Biti's and the Halong Fish Import Export Co have registered to lease the entire 10 hectares zoned warehousing, while 10 more companies have registered to rent from 3 to 5 hectares each for exports. Soon after work on the complex started, representatives of 100 companies in southwestern China visited the site to ascertain the investment and trading possi­bilities and Singapore's Donaco has shown interest in investing big money in the area. The interest shown in the 1st phase have led to a reconsideration of the 350 hectare 2nd phase, scheduled for construction after 2005.


Ha Nam:-


Provincial authorities plan 6 small scale IPs covering an area of 50 hectares with construction investment of about $1.2 million, situated in Nhat Tan, Hoang Dong, Thanh Ha, Thanh Luu, An Lao and Hoa Hau communes. As a means of enticing more investors, the province also plans to develop 5 larger zones with a total area of more than 1,000 hectares.


Dong Van:- At the end of 2003 the government approved the establishment of the IP which leased nearly all of its 1st phase 5 enterprises within a year.


Chau Son:- At the beginning of 2003 the PM approved the establishment of IP in Phu Ly town.


Tuyen Quang


Long Binh An:- At the end of 2002 provincial authorities finished zoning for the $10 million, 600 hectare park that is designed to accommodate factories producing agricultural, forestry, iron, construction and me­chanical products.


Lang Son


In late 2007 the United Nations Development Pro­gram (UNDP) offered to provide funds to promote the construction of two China-Viet Nam cross-border economic co-operation zones – one from Pingxiang of Guangxi, south China, to Lang Son Province of Viet Nam and the other from Honghe of Yunnan, south­west China, to Lao Cai. The project would not only promote local economic development but also help achieve the goal to re­duce poverty in the region.


Dong Dang-Lang Son Border Economic Zone: - In late 2008 the government decided to develop the area around Dong Dang-Lang Son border gate into an economic zone. The zone will be part of the Northern Economic Quadrangle encompassing Lang Son, Ha Noi, Hai Phong and Quang Ninh and be put under the management of Lang Son Province's People's Committee. The zone will consist of 2 major functional zones (tariff and non-tariff), and is designed to play a key role in developing tourism, services and industry along with the expansion of urban areas. Investors in the non-tariff zone will enjoy corporate income tax exemption for their first 4 profitable years, and a 50% tax cut for the 9 following years. Imports and recycled / processed commodities and services in the non-tariff zone will be exempt from VAT and special consumption tax. All products processed, recycled or assembled within the non-tariff zone will be exempt from export tax.



Last Updated ( Friday, 03 April 2009 )
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