(BĐT) – The industrial – logistics market in the southern part of the Red River Delta is recording an investment shift from core provinces. Ninh Binh, with its large land fund and strengthened regional connectivity, has emerged as a potential link in the production – logistics network of the entire region.
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| Ninh Binh is the destination of many large technology corporations such as Honda, Canon, Hyundai, LG Display, contributing to the formation of an auxiliary production ecosystem and leading to the demand for logistics and warehousing services. |
Connecting infrastructure and large land fund: levers to attract investment
After the administrative map was expanded, Ninh Binh is being seen as a strategic link between Ha Nam - Nam Dinh and the industrial provinces of the North. According to the announcement from Cushman & Wakefield, the total cumulative industrial land supply by the third quarter of 2025 in Ninh Binh reached about 5.082 hectares, with nearly 3.000 hectares being planned and built. In addition, the industrial land rental price in the province remains at around 130-140 USD/m²/rental period, which is considered competitive compared to neighboring industrial provinces.
Sources from market research companies also noted that Ninh Binh is the destination of many large technology corporations such as Honda, Canon, Hyundai, LG Display, contributing to the formation of an auxiliary production ecosystem and leading to the demand for logistics and warehousing services.
At the groundbreaking ceremony of Dong Van V Industrial Park - Phase 1 held on October 10, 2025, Western Pacific Group - the investor of this project - said that the industrial park has a scale of 237,29 hectares, with a total investment capital of VND 2.911 billion. The project has been approved by the Prime Minister in Decision No. 635/QD-TTg dated July 12, 2024, with the Ninh Binh Provincial Industrial Parks Management Board as the direct management and implementation supervision agency.
The project is strategically located - directly connected to Phap Van - Cau Gie Expressway, National Highway 1A, about 70 km from Noi Bai Airport, 110 km from Hai Phong Port, and close to the national railway. Western Pacific Group said that the project will apply the LIC (Logistics-Industrial Cluster) model, integrating electricity infrastructure, water supply and drainage, wastewater treatment, pre-built warehouses and telecommunications to support businesses to access more quickly.
“Dong Van V Industrial Park will reserve land to prioritize small and medium enterprises (SMEs) and supporting industry enterprises (CNHT). We hope to create “ready infrastructure” to help businesses shorten implementation time and save operating costs,” said Mr. Tran Anh Vuong, General Director of Western Pacific Group.
Opportunities and challenges in the regional industrial chain trend
In the Q3/2025 report, Cushman & Wakefield shared that when the Northern economic region is redefined according to the new administrative unit, the total industrial land supply in the whole region reaches 23.563 hectares, an increase of 37% compared to before. At the same time, at least 3 new industrial parks are added in provinces such as Phu Tho, Hai Phong and Ninh Binh, with more than 700 hectares of new land fund.
According to Cushman & Wakefield, the average occupancy rate of industrial parks in the North in the third quarter of 2025 reached 67%, a slight decrease compared to the previous quarter due to the new supply entering the market. Meanwhile, the average rental price of industrial parks in the North in the third quarter of 2025 was about 133 USD/m², slightly lower than the previous quarter but still up about 4% compared to the same period last year.
Notably, the Northern ready-built warehouse (RBF) market is recording an occupancy rate of around 87% in Q3/2025, up from the previous quarter, despite the increase in new supply — indicating that real demand for manufacturing and warehousing space remains strong.
However, not all localities benefit equally. Provinces with poor infrastructure connections or incomplete logistics services, power supply, and wastewater treatment are at risk of being left behind. Therefore, promoting regional infrastructure planning and investment, as well as improving administrative procedures, are mandatory conditions to turn potential into sustainable advantages.
In a favorable scenario, Ninh Binh and satellite provinces can become an industrial-logistics buffer zone, helping to reduce pressure on land funds and costs for provinces in the core area such as Bac Ninh and Hai Phong.
More broadly, FDI capital flows and the trend of shifting production to localities with more reasonable costs, along with the goal of green and sustainable development, are creating pressure and opportunities for provinces like Ninh Binh to continue building an infrastructure ecosystem - supporting services, not simply expanding land lease area.
Source: Bidding Newspaper
