Nam Dinh Vu Industrial Park gathers advantages for FDI

Nguyen Thanh Phuong, general director of Sao Do Group, the developer of Nam Dinh Vu Industrial Park (IP), noted that sustainable IP development is an inevitable trend in Vietnam, particularly in Haiphong.

Nam Dinh Vu IP with green, clean and synchronous infrastructure

Following this trend, Nam Dinh Vu IP has become a prime location for investment, thanks to its strategic geographical position, which is favourable for logistics. This comprehensive, multi-sector IP caters to Haiphong's burgeoning socioeconomic development needs.

Nam Dinh Vu IP stands out as the only IP in Haiphong with an internal international seaport, Nam Dinh Vu Port, and it boasts four functional areas with modern infrastructure, including a container terminal and a liquid cargo terminal.

The IP also features a synchronous logistics ecosystem, attracting a variety of projects and forming a continuous, cyclical chain during operation. It provides a range of IP infrastructure products and services, including support for recruiting and training high-quality human resources.

In line with its commitment to sustainable development, Nam Dinh Vu IP is positioning itself as a green IP. The IP is promoting the implementation of rooftop solar power projects, installing solar panels to convert light energy into electricity, thus reducing carbon emissions and minimising environmental pollution.

Nam Dinh Vu IP - A successful destination for investors

Sao Do Group operates the IP based on the principle of creating a continuous chain in product and service provision. This approach helps businesses and investors reduce production costs, time, and transportation expenses, supporting the group's focus on sustainable and ecological development.

The demand for infrastructure and premises in IPs continues to rise, especially among foreign investors who require modern warehouses and connections to support services. These services facilitate investment and business procedures, training and recruitment of human resources, and connections to transport and logistics infrastructure, allowing businesses to coexist, share resources, and exploit opportunities together.

Building sustainable IPs offers numerous benefits, including increased attractiveness and competitiveness, both economically and socially. These benefits include reduced environmental impact, energy and resource savings, increased innovation and collaboration, enhanced reputation and brand image, and a reduction in potential risks and legal issues. Moreover, a sustainable IP creates a better working environment and offers benefits to the broader community.

Experts highlight the importance of green and sustainable trends in increasing IPs' appeal to investors, as this is a global trend. Investors are increasingly focusing on the circular economy. Vietnam aims to achieve net-zero emissions by 2050, driving the demand for greener industrial real estate not only from sustainable development requirements in the manufacturing sector but also from government initiatives.

Nam Dinh Vu International Internal Port

According to the Foreign Investment Agency under the Ministry of Planning and Investment, as of July 20, total registered foreign investment capital in Vietnam surpassed $18 billion, a 10.9 per cent increase over the same period in 2023. Foreign investors have invested in 18 out of 21 sectors of the national economy, with the processing and manufacturing industry ranking first. This sector has attracted over $12.6 billion, accounting for 70.3 per cent of the total registered investment capital, up 15.7 per cent.

Vietnam is also poised to benefit from the fourth wave of foreign direct investment (FDI), focusing on high-tech sectors such as electronics, semiconductors, AI, and renewable energy.

The development of these sectors will directly impact industrial real estate by increasing the demand for factories that meet infrastructure and service requirements. Nguyen Thanh Phuong emphasised that the greatest challenge of the fourth wave of FDI is human resources.

The government, along with manufacturing, service, and commercial enterprises, is well aware of this challenge. Consequently, the government has focused resources on attracting tech giants by crafting open policies and requesting support in training human resources for Vietnam. Simultaneously, the country continues to improve the local investment environment, reducing administrative procedures and sublicenses to create a clear corridor for investment

Green Saturday event in response to Environmental Day at Nam Dinh Vu IP

In Haiphong, a locality known for its success in attracting FDI, the first half of 2024 saw an FDI volume of $1.55 billion, achieving over 77 per cent of the full-year plan.

The positive aspect of Haiphong's FDI attraction is not only the registered capital volume but also the number of projects in high technology, processing, manufacturing, and logistics at IPs and economic zones (EZs), reaching over 93 per cent. This success indicates that Haiphong's FDI attraction strategy is on the right track, focusing on attracting new-generation FDI flows.

According to data from the Ministry of Planning and Investment, by 2030, about 40-50 per cent of localities nationwide will plan to convert existing IPs into eco-IPs, and 8 to 10 per cent of localities will have orientations to build new eco-IPs.

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