In the context of Hai Phong accelerating its goal of becoming a modern industrial and logistics center of the Northern region and the whole country, the implementation of Vinh Quang Industrial Park is expected to create new growth momentum and contribute to realizing the sustainable development orientation in the coming period.
Land clearance has been completed, creating a solid foundation for the key project.
Over the past period, Idico Vinh Quang Joint Stock Company – the project investor – has closely coordinated with local authorities at all levels to focus on land clearance. With the decisive and coordinated involvement of the People's Committees of Vinh Bao and Vinh Hai communes, the entire land area within the project scope has been recovered and handed over to the investor with a clean site.
This is considered one of the key stages, crucial to the project's progress. The land clearance work for the Vinh Quang Industrial Park involves over 900 households, a large volume of work, and a wide scope. However, it has been carried out systematically and in accordance with regulations by the local authorities, ensuring the legitimate rights and interests of the people. The high level of consensus among the households not only demonstrates their confidence in the city's industrial development policy but also reflects their expectations for future job opportunities, livelihoods, and a new look for the area.
Alongside the land acquisition process, the investor is proactively coordinating with city departments and agencies to complete investment procedures, review legal documents, and prepare all necessary conditions for the groundbreaking ceremony according to the plan and directives of the Hai Phong City People's Committee. The overall goal is to implement the project on schedule, ensuring quality, safety, and strict compliance with all legal regulations.
Orienting towards eco-industrial parks, creating momentum for sustainable development.
Vinh Quang Industrial Park is the first industrial park to have its infrastructure constructed in the former Vinh Bao district, holding special significance in the economic restructuring process of the region. Phase 1 of the project was approved by the Prime Minister in Decision No. 29/QD-TTg dated January 5, 2025, covering an area of over 164 hectares, of which approximately 50,6 hectares are located in Vinh Bao commune and 113,7 hectares in Vinh Hai commune. The total investment for the project amounts to 3.550 billion VND.
In addition to focusing on developing a comprehensive infrastructure, Vinh Quang Industrial Park is also oriented towards building an ecological industrial park model, applying modern technology in management and operation. The overarching goal of the project is to efficiently utilize resources, save energy, minimize negative impacts on the environment, and aim for green and sustainable industrial development.
In line with its investment attraction strategy, Vinh Quang Industrial Park will prioritize businesses utilizing high technology, green technology, clean production, and environmentally friendly practices, along with logistics services that align with Hai Phong's advantages – a major seaport center in Northern Vietnam. This will not only contribute to improving the quality of investment capital but also create high added value, consistent with the city's long-term development strategy.
The groundbreaking ceremony for the Vinh Quang Industrial Park not only commemorates a major political event of the country but is also expected to create a significant impetus for industrial development, expand urban-industrial spaces, and provide employment for tens of thousands of local workers. At the same time, the project will contribute to enhancing competitiveness, consolidating Hai Phong's position on the map of attracting domestic and international investment, and creating a solid foundation for economic growth in the coming years.
Source: Business Integration Online Newspaper
