Want to be in the loop?
subscribe to
our notification
Business News
VINH PHUC TO DEVELOP 24 INDUSTRIAL PARKS BY 2030
According to the plan endorsed by the Prime Minister of Vietnam, Vinh Phuc province is set to establish five new industrial parks by 2030, increasing the total number of parks to 24 and expanding the land area to 7,000 hectares.
Currently, nine industrial parks are in stable operation in Vinh Phuc province, namely Khai Quang IP: 221.46 hectares; Binh Xuyen IP: 286.98 hectares; Kim Hoa IP: 50 hectares; Ba Thien IP: 325.75 hectares; Binh Xuyen II IP - Phase 1: 42.21 hectares; Ba Thien II IP: 308.83 hectares; Tam Duong II IP - Area A: 135.17 hectares; Son Loi IP: 257.35 hectares; Thang Long Vinh Phuc IP: 213 hectares. These industrial parks have achieved high occupancy rates and significantly contributed to the socio-economic development of the province.
The industrial parks in Vinh Phuc province have not only expanded within core areas such as Vinh Yen, Phuc Yen, Binh Xuyen, and Tam Duong but have also extended into Vinh Tuong, Lap Thach, and Song Lo districts, with an occupancy rate approaching 70%. These parks contribute 60-65% of the province's industrial production value, account for 60-65% of export value, and provide 75-80% of the total budget revenue, excluding Honda Vietnam in Kim Hoa IP. Additionally, the province is advancing other promising projects, including the Nam Binh Xuyen Industrial Park (Green Park) in the high-tech zone.
Mr. Nguyen Van Hung, Chairman of the Board of Directors, CNCTech Group, said that the company is currently executing 16 projects in Vinh Phuc across various sectors including mechanical manufacturing, electronic assembly, pre-built factories, logistics and industrial infrastructure. Notable projects include CNCTech Ba Thien I and the Hop Thinh industrial cluster, with a combined land area exceeding 600 hectares. These projects have successfully attracted investment from China, Taiwan, Hong Kong, Korea, and Japan. A key initiative is the Nam Binh Xuyen Industrial Park, a collaborative venture with Korea's PNX Group, covering nearly 300 hectares. This project aims to establish a green, smart, and modern industrial park designed to meet the stringent requirements of leading global manufacturers. The development of this park is expected to be a significant milestone in enhancing industrial infrastructure, attracting investment, and driving socio-economic growth in Vinh Phuc province. Vinh Phuc aims to strengthen cooperation with localities in the Red River Delta and the Northern key economic region to transform the province into a major industrial hub in high-tech sectors, electronics and automotive industries. The focus will be on developing four key industrial groups: electronic product manufacturing, supporting industrial products, and prioritizing the attraction of enterprises that manufacture supporting industrial products to leverage the province's strengths and those of the Red River Delta.
As of July 15, 2024, the Management Board of Vinh Phuc Industrial Parks reported that there are 495 valid investment projects in the parks, including 118 domestic projects with a total investment of VND 37,724.64 billion and 377 foreign direct investment (FDI) projects amounting to US$6,720.89 million.
Source: VCCI
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
