Vietnam is asserting its position as a global manufacturing hub, with industrial parks (IPs) as a key driver of economic growth. After the administrative merger in 2025, the IP landscape in provinces and cities has changed dramatically, opening up strategic opportunities for investors and industrial real estate developers. Based on data on the number and area of IPs operating up to 2020 and the planning for the 2021–2030 period, this article analyzes in depth the top 10 leading provinces and cities, orienting to optimize benefits for investors .
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Province/City |
Number of industrial parks in operation by 2020 |
Number of industrial parks in the planning period 2021 – 2030 |
|||
|
Number of industrial parks |
Total area (ha) |
Quantity |
Total area (ha) |
||
|
1 |
57 |
19.747,61 |
74 |
33.217,10 |
|
|
2 |
45 |
14.947,27 |
56 |
23.646,72 |
|
|
3 |
21 |
11.491,19 |
64 |
30.871,00 |
|
|
4 |
22 |
5.882,89 |
46 |
11.763,30 |
|
|
5 |
12 |
2.765,00 |
43 |
10.582,73 |
|
|
6 |
16 |
3.578,80 |
43 |
10.323,24 |
|
|
7 |
17 |
4.421,65 |
31 |
5.437,80 |
|
|
8 |
12 |
2.264,37 |
42 |
12.393,14 |
|
|
9 |
12 |
4.373,00 |
23 |
8.056,00 |
|
|
10 |
8 |
3.774,00 |
18 |
9.827,00 |
|
Le Minh Xuan 2 Industrial Park, Ho Chi Minh City
Ho Chi Minh City, after merging with Binh Duong and Ba Ria – Vung Tau, leads with 57 operating industrial parks, totaling 19,747.61 hectares in 2020, and plans to expand to 74 industrial parks with 33,217.10 hectares by 2030. This area accounts for more than 28% of the total number of industrial parks nationwide, notable for high-tech industrial parks such as Saigon High-tech Park, which attracts large corporations such as Intel, Samsung and Lego. Cat Lai and Cai Mep – Thi Vai ports create outstanding logistics advantages, directly connecting international shipping routes. Modern transport infrastructure, including expressways and Tan Son Nhat airport, along with tax incentives for high-tech and green industries, further strengthen the region’s position.
Dong Nai, including Binh Phuoc, recorded 45 operating industrial parks with an area of 14,947.27 hectares in 2020, and is expected to reach 56 industrial parks with an area of 23,646.72 hectares by 2030. Part of the Southern Key Economic Zone, the area is famous for industrial parks such as Amata and Long Duc, attracting investment from Japan and Thailand in the electronics, automobile and textile industries. Close to Ho Chi Minh City and major seaports, Dong Nai possesses outstanding logistics advantages, reducing transportation costs. The diversity of industries, from high-tech (Bosch, Toshiba) to traditional manufacturing, and the industrial park occupancy rate of 85.8% by 2023, reflect strong demand from investors.
Long Thanh Industrial Park, Dong Nai
Tay Ninh, including Long An, owns 21 industrial parks with an area of 11,491.19 hectares by 2020, and plans to expand strongly to 64 industrial parks, totaling 30,871 hectares by 2030. The area is becoming an ideal destination for the consumer goods, processed food and logistics industries thanks to its abundant land fund and competitive costs. Land rental prices in Long An, around $138/m², are significantly lower than those in Ho Chi Minh City and Dong Nai, creating an advantage in attracting investment. The highway and seaport systems in Long An support efficient exports, connecting directly to international markets.
Phu An Thanh Industrial Park, Long An
Hai Phong, including Hai Duong, has 22 industrial parks with an area of 5,882.89 hectares in 2020, expected to expand to 46 industrial parks, with a total area of 11,763.30 hectares by 2030. As the center of the Northern Key Economic Zone, Hai Phong stands out with the largest seaport in the North and industrial parks such as VSIP, attracting corporations such as LG and Pegatron. Modern seaport infrastructure, including Hai Phong and CatWith a, supporting rapid export. High-quality human resources from Vietnam – Singapore vocational schools and tax exemption policies for electronics, automobiles, and shipbuilding industries strengthen the attractiveness of the region. High-tech and ecological industrial parks in Hai Phong are hot spots for real estate developers, especially with support from UNIDO in converting to green industrial park models.
An Phat Industrial Park, Hai Duong
Bac Ninh, including Bac Giang, currently has 12 industrial parks with an area of 2,765 hectares by 2020, and plans to expand to 43 industrial parks, totaling 10,582.73 hectares by 2030. This is the largest electronics manufacturing center in Vietnam, home to factories of Samsung, Foxconn and Canon. The industrial park occupancy rate is expected to reach 91% by 2023, the highest in the North, reflecting its strong appeal. The average land rent is $148/m², lower than Hanoi ($129/m²), and its location near the Chinese border supports the China+1 strategy.
Dinh Tram Industrial Park, Bac Giang
Hung Yen, including Thai Binh, owns 16 industrial parks with an area of 3,578.80 hectares in 2020, expected to reach 43 industrial parks, with a total area of 10,323.24 hectares by 2030. The area is popular thanks to low land rental costs, about $101/m², and strategic location in the economic triangle of Hanoi – Hai Phong – Quang Ninh. Developed transport infrastructure, with the Hanoi – Hai Phong expressway, shortens transportation time. The industrial park occupancy rate reached 77% in 2023, showing that there is still much room for development. New industrial parks in Hung Yen are ideal choices for developers looking for cheap land with high profit potential, especially in traditional manufacturing and supporting industries.
Thang Long II Industrial Park, Hung Yen
Ninh Binh, including Ha Nam and Nam Dinh, has 17 industrial parks with an area of 4,421.65 hectares by 2020, expected to reach the quantity of 31, with a total area of 5,437.80 hectares by 2030. Located in the Red River Delta region, this area is strongly transforming to the ecological industrial park model, with successful pilot projects from UNIDO, helping to save $3.1 million per year and reduce 32 kilotons of CO2. The central location with easy access to Hanoi and Hai Phong, and lower land rental costs than key areas in the North, create attraction for investors.
Rang Dong Textile and Garment Industrial Park, Nam Dinh
Phu Tho, including Vinh Phuc and Hoa Binh, has 12 industrial parks with an area of 2,264.37 hectares in 2020, expected to reach 42 industrial parks, with a total area of 12,393.14 hectares by 2030. This area attracts investment thanks to its abundant land fund and supportive policies. Close to Hanoi and major national highways, Phu Tho has convenient traffic connections. The potential to attract FDI in the automobile and electronics manufacturing industries is increasing rapidly. New industrial parks in Vinh Phuc are an ideal destination for industrial real estate developers looking for emerging markets at reasonable costs.
Nam Binh Xuyen Industrial Park, Vinh Phuc
Overview of Nghe An’s industrial parks | Source: Synthesis of Senvangdata
Nghe An owns 12 industrial parks with a total area of 4,373 hectares in 2020, expected to expand to 23 industrial parks, totaling 8,056 hectares by 2030. As a secondary market, Nghe An has witnessed an increase in industrial land absorption, especially in the textile and processing industries. Competitive land rental prices, along with improved infrastructure such as Cua Lo port and national highways, support efficient logistics. The strong increase in industrial land demand from 2023 shows long-term growth potential.
Quang Ninh has 8 industrial parks with an area of 3,774 hectares by 2020, expected to reach 18 industrial parks, with a total area of 9,827 hectares by 2030. The location adjacent to China and Cai Lan port creates a strategic advantage for export and high-tech industries. Modern infrastructure, with highways and Van Don airport, supports international trade. The combination of Ha Long tourism and industrial parks creates a diverse economic ecosystem. Industrial parks in Quang Ninh are suitable for developers who want to integrate industry and services, taking advantage of international trade and tourism.
The 2025 administrative merger has reshaped the map of Vietnam’s industrial parks, with provinces such as Ho Chi Minh City, Dong Nai and Hai Phong taking the lead, while Tay Ninh, Nghe An and Quang Ninh have emerged as potential destinations. For industrial real estate investors and developers, this is a key time to position their strategies, focusing on high-tech, ecological and logistics-integrated industrial parks. Vietnam is on the path to becoming a Southeast Asian industrial hub, and actions taken today will help secure your position in the next decade.
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The above is an overview of the article “10 Provinces/Cities Leading in Industrial Parks After Merger” provided by Sen Vàng Group. We hope this information provides investors, developers, and real estate businesses with a broad perspective on the development potential of the property market. For more articles and insights on project development consultancy, please visit our website: senvangdata.com.vn/. |
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