General Overview
Vietnam currently has over 700 industrial parks across its 63 provinces and cities, with a total planned area of approximately 106,000 hectares (equivalent to nearly 1,100 km²). Around 70% of this land has been filled, while about 30,000 hectares remain available for lease, including cleared land and areas in subsequent development phases.
- GDP Contribution: Industrial parks contribute around 30–35% of total industrial output value and more than 70% of total annual committed FDI.
- Diverse Industries: Ranging from agricultural and seafood processing, textiles, footwear, to electronics, mechanics, automotive, and high technology.
- Infrastructure Readiness: Many parks are equipped with synchronized systems for electricity, water, wastewater treatment, telecommunications, and internal transportation, ready to serve projects of all sizes.
With Vietnam’s role in the global production shift and open investment policies, factory lease land is becoming a strategic destination for multinational corporations and foreign investors.
Outstanding Competitive Advantages
Integrated Technical Infrastructure
- Electricity: Power supply capacity up to tens of megawatts per park, with medium–low voltage lines directly connected to the national grid.
- Water Supply & Wastewater Treatment: Major IPs have clean water supply systems over 5,000 m³/day and equivalent-capacity wastewater treatment stations, meeting Class A discharge standards.
- Telecommunications: Fiber-optic internet across the park, 4G/5G full coverage, infrastructure for IoT and automation.
- Internal Transportation: Asphalt roads 12–30 meters wide, overpasses, weigh stations, and separate truck terminals.
Strategically Connected Locations
- Seaports: Hai Phong, Da Nang, Vung Tau, Cai Mep – Thi Vai reduce shipping costs and transit times.
- International Airports: Noi Bai, Tan Son Nhat, Cam Ranh, Phu Quoc serve time-sensitive, high-value cargo.
- Expressways & Railways: North–South Expressway, Hanoi – Hai Phong, HCMC – Long Thanh – Dau Giay; North–South railway and Yen Vien – Cai Lan railway line.
Attractive Investment Incentives
- Corporate Income Tax (CIT) Exemption and Reduction:
- 2–4 years of full CIT exemption, followed by 50% reduction for the next 4–9 years.
- Greater incentives for high-tech and environmentally friendly industries.
Land Lease Incentives: 2–5 years of exemption depending on the park; longer periods for prioritized industries. - One-Stop Administrative Procedure: Streamlined process for investment licensing, construction, operation, and environmental permits.
Abundant Workforce
- Population within a 50 km radius of major IPs often exceeds 1 million, supported by a network of universities and vocational colleges training engineers and skilled workers.
- Customized Training Policies: Partnerships between IP management boards and vocational schools for tailored workforce training based on enterprise demand.
