Hai Phong breaks ground on three industrial parks worth over $723 mln

Hai Phong City has simultaneously commenced construction on three major industrial park (IP) projects with a combined investment exceeding VND19 trillion (over $723 million).

The first project, Tien Lang 1 Industrial Park, spans nearly 600 ha with a total investment of VND13 trillion (over $497 million). Invested by the Asia Pacific Sustainable Green Development JSC, the project is strategically located within the Free Trade Zone of the Southern Hai Phong Coastal Economic Zone. Once operational, the park is expected to generate employment for approximately 42,000 to 45,000 workers.

Tien Lang 1 is designed as a modern, green, and smart industrial park featuring international-standard technical infrastructure. It will prioritize high-tech and clean industries, with a focus on electronics, semiconductors (microchips), electric vehicle manufacturing, supporting industries, and high-tech logistics.

The second project is the Tien Lang Airport Industrial Park – Zone B, developed by the C.E.O Industrial Park Development JSC. Located in Chan Hung Commune, the project covers 186.49 ha with a total investment of nearly VND 2.8 trillion (over $106 million).

As a key project within the Southern Hai Phong Coastal Economic Zone, it plays a vital role in shifting the economic structure of Hai Phong City's former Tien Lang district from agriculture to industry and services. Positioned as an eco-friendly and supporting industrial park, it aims to attract high-quality investment in electronics, mechanical engineering, automotive assembly, and high-tech manufacturing.

The third project involves the infrastructure construction and business operation of the Vinh Quang Industrial Park (Phase 1), situated in Vinh Bao and Vinh Hai Communes. Developed by IDICO Vinh Quang JSC, the project spans 226.01 ha with a total investment of VND3.55 trillion ($135 million).

With a vision to build an eco-industrial park, the project will establish a synchronized, modern, and environmentally friendly infrastructure system. It will prioritize clean, high-tech, and low-emission industries to ensure sustainable development.