This project is of significant and practical importance in celebrating the 14th National Congress of the Party. The event marks the official beginning of a large-scale, long-term industrial infrastructure project, playing a crucial role in the strategy to realize the city's economic expansion towards the South.
Speaking at the groundbreaking ceremony, Mr. Le Ngoc Chau, Chairman of the People's Committee of Hai Phong City, said: In 2025, the National Assembly issued Resolution No. 226 on piloting special mechanisms and policies, creating a superior legal framework for Hai Phong's breakthrough development, notably allowing Hai Phong to establish a Free Trade Zone with 41 special mechanisms and policies. Based on that, the city decided to establish the Hai Phong Free Trade Zone in the Dinh Vu - Cat Hai Economic Zone and the Southern Hai Phong Coastal Economic Zone.
Within the Free Trade Zone, the city enjoys the best preferential policies nationwide. These include the highest corporate income tax incentives and land lease fee incentives in the country. Regarding administrative procedures, the Free Trade Zone implements a "one-stop shop" mechanism; investors do not need to register their investment before establishing an economic organization; a post-inspection mechanism is applied, meaning investors only need to register and do not require permits for environmental and construction procedures once operating; minimizing the time required for investors. Goods enjoy special priority treatment, exemption from specialized inspections, and super-fast customs clearance to optimize logistics costs, and the entire Free Trade Zone is a duty-free zone…
The Tien Lang 1 Industrial Park project, spanning nearly 600 hectares with a total investment of over 13.000 billion VND, is located within the Free Trade Zone of the Southern Hai Phong Coastal Economic Zone – a 20.000-hectare economic zone and the first ecological economic zone in the country, serving as a new growth engine for the city. Tien Lang 1 Industrial Park is expected to create jobs for approximately 42.000 to 45.000 workers.
The Chairman of the People's Committee of Hai Phong City emphasized that Tien Lang 1 is the first industrial park established within the Free Trade Zone, carrying a pioneering mission and contributing to laying a solid foundation for realizing the goal of building Hai Phong into a regional and international-level maritime economic center, and a successful pilot site for the central government's policies towards Hai Phong.
Tien Lang 1 Industrial Park is oriented towards development as a modern, green, and smart industrial park model, with a synchronized technical infrastructure system meeting international standards; prioritizing the attraction of high-tech and clean technologies, focusing on electronics, microchips, electric vehicle manufacturing, supporting industries, and high-tech logistics. The project applies circular economy solutions, clean energy, and smart governance, in line with the trend of global supply chain shifts.
At the groundbreaking ceremony, Mr. Dang Thanh Tam, Director of Asia Pacific Sustainable Green Development Joint Stock Company, the project's investor, pledged to mobilize maximum resources, implement the project on schedule, ensure infrastructure quality, and comply with all regulations.
From its early stages, Tien Lang 1 Industrial Park has received attention and investment research from many reputable international corporations and businesses.
That's CTP – Europe's largest listed industrial real estate developer and owner, notable for its long-term owner-operate model and its capacity to deploy large-scale logistics platforms and business parks. CTP is currently researching investment in a high-tech industrial and logistics real estate project of approximately 50 hectares in Tien Lang 1 Industrial Park.
Meanwhile, Talway Vietnam Co., Ltd., a subsidiary of Shanghai Guangwei Electric Group (China) – a manufacturer of automotive equipment and components, holds numerous international patents. Talway is currently surveying investment opportunities for a project to manufacture advanced technology-based measuring, navigation, testing, and control equipment, with a planned scale of 9 hectares.
Hai Phong Ajoho Precision Co., Ltd., a Taiwanese-invested company specializing in computer component manufacturing, is currently researching an investment project to expand its production capacity to approximately 8 hectares, aiming to enhance its capabilities and ensure long-term development in Vietnam.
Almus Tech Co., Ltd., a 100% South Korean-owned enterprise and a Tier 1 vendor of Samsung Group, specializes in the production of high-tech electronic components. Almus Tech is currently researching investment in a project to manufacture phone and electronic components on a scale of approximately 10 hectares, contributing to the completion of the supporting industrial ecosystem in the region.
Elyon Renewable Energy Co., Ltd., a company specializing in developing new energy projects such as wind energy, energy storage, and biomass power generation, is surveying investment opportunities for a project to design and manufacture kinetic energy storage generators, covering an area of approximately 5 hectares, contributing to promoting the green energy transition and environmental protection.
At the groundbreaking ceremony, the investor of Tien Lang 1 Industrial Park presented memoranda of understanding and cooperation agreements to secondary investors.
The groundbreaking ceremony for Tien Lang 1 Industrial Park not only opens up new development opportunities for the southern area of Hai Phong City, but also demonstrates the strong determination of the City and the investor in creating a modern, sustainable industrial growth hub, ready to welcome the wave of global investment in the new phase.
Source: Investment Newspaper
