In the first quarter of 2025, the North continues to be a bright spot in attracting foreign direct investment (FDI) into industrial real estate. Provinces such as Bac Ninh, Hai Phong, Hanoi, Thai Nguyen and Hung Yen have recorded many new projects, especially in high-tech fields such as electronics, semiconductors and renewable energy. This is the result of a methodical investment attraction strategy, synchronous infrastructure and attractive incentive policies.
In particular, Bac Ninh province continues to maintain its leading position in attracting FDI in the Northern region. In 2024, the province will grant 359 new FDI projects with a total registered capital of 1,8 billion USD, an increase of 70,7% compared to 2023. Typical projects such as the FCPV Foxconn Bac Ninh factory (383,3 million USD), Goertek Nam Son - Hap Linh factory (280 million USD) have contributed to increasing the value of industrial real estate in this area.
In addition, Hai Phong City is notable for its large-scale industrial parks such as Dinh Vu – Cat Hai Industrial Park and Nam Cau Kien Industrial Park, attracting many investors in the fields of logistics, steel production, automobiles and electronics. The strongly developed transport infrastructure, especially deep-water seaports and a convenient highway system, creates ideal conditions for FDI enterprises.
In addition, Hanoi is focusing on developing high-tech industrial parks such as Dong Anh Industrial Park, Phu Nghia Industrial Park, Quang Minh Industrial Park, attracting large corporations in the fields of electronics, microchips and data centers. In particular, the Hoa Lac data center project with a capacity of 30 MW and an area of 21.000 m² has affirmed Hanoi's position in the information technology industry.
According to Savills data, industrial land rental prices in the North currently range from 137 USD/m² to 180 USD/m², 20% lower than in the South. This creates a great competitive advantage for FDI investors, especially in the context of rising production costs. Occupancy rates in key industrial zones such as Bac Ninh, Hai Phong, and Hanoi reach 80% - 90%, showing that demand for industrial land rental is still very high.
The North has a diverse and modern transportation network, including roads, railways, waterways and airways. Expressways such as Hanoi – Hai Phong, Hanoi – Bac Giang, Hanoi – Lao Cai, along with a system of deep-water seaports such as Cai Lan and Nam Cau Kien, facilitate the transportation of goods and connection to international markets.
With a sustainable development strategy focusing on high-value industries and synchronous infrastructure, the North is expected to continue to attract strong FDI in the coming years. Provinces such as Bac Ninh, Hai Phong, Hanoi, Thai Nguyen and Hung Yen will be attractive destinations for domestic and foreign investors.
Northern industrial real estate in 2025 continues to affirm its position as an attractive destination for FDI investors. With advantages in land rental prices, transport infrastructure and preferential policies, this area promises to be Vietnam's high-tech manufacturing center in the future.
(Source: Integration Business Newspaper)
