The ready-built factory in Hai Phong has increasingly attracted many domestic and foreign investors in recent years, especially in the context of scarce land funds, inflation, and rising interest rates. This factory type assists leasing businesses in preserving capital, incurring minimal investment costs, and swiftly commencing operations.

1. Advantages of a prime geographical location

Hai Phong serves as an industrial gateway in the crucial economic zone of the Northern Coastal Region of Vietnam. Consequently, numerous “giants” in high-value industries have selected this location as a longstanding production base. The city holds a strategic trading gateway position with well-established infrastructure:

• The north and northeast border Quang Ninh province.
• The Northwest borders Hai Duong province.
• The southwest borders Thai Binh province.
• The East has a 125 km long coastline bordering the Gulf of Tonkin.
• There are five large river mouths: Bach Dang, Cua Cam, Lach Tray, Van Uc, and Thai Binh River.
• Owning more than 40 international seaports and Cat Bi International Airport

Hai Phong city concentrates on many important seaports in Vietnam

With these advantages, Hai Phong has steadily solidified its status as a city boasting the most comprehensive logistics system in the country. This has drawn substantial investment from both domestic and foreign entrepreneurs, leading to the expansion of production businesses.

2. Advantages of transportation infrastructure

Hai Phong boasts a convergence of all five crucial transportation modes: road, sea, railway, inland waterway and air. The city serves as a pivotal transportation hub, linking the Northern coastal provinces with Hanoi and serving as a key point on international maritime traffic routes in the Northern region.

2.1. Road

The road infrastructure system plays a crucial role in connecting production areas and international seaports. Highways and national roads have established a convenient transportation network for the movement of goods in Hai Phong. Some notable routes in Hai Phong include:

• Hanoi – Hai Phong Expressway
• National Highway 5B

In addition to the key routes, Hai Phong constantly invests in upgrading roads and bridges to prevent congestion, enhance safety for traffic participants, and optimize the transportation of goods across the provinces.

2.2. Rail

In addition to the road system, Hai Phong boasts notable railway infrastructure near its seaports, providing an additional trade route for businesses engaged in international partnerships. Presently, railway transportation in Hai Phong has seen continuous improvement to support production and transportation activities.

The advantage of utilizing railways lies in cost savings, allowing businesses to transport larger volumes of goods compared to other means. Additionally, employing railway vehicles helps businesses contribute to reducing road traffic congestion, which has adverse effects on the environment.

Hai Phong has outstanding advantages in transportation infrastructure

2.3. Internal waterway

Hai Phong currently has:

• More than 400 km of internal waterways
• 50 inland waterway wharves
• 06 ferry terminals
• 03 pontoon bridges
• Many large river mouths

The mentioned advantages have facilitated Hai Phong in the easy and convenient transportation of goods, alleviating the burden on other transportation modes.

Moreover, the port network in Hai Phong and the Van Don Economic Zone present numerous investment and development opportunities for the logistics and transportation sectors. Specifically, in 2023, Hai Phong aims to promote the development of waterway infrastructure by reducing 50% of the cost of utilizing seaport border infrastructure for goods transported by inland waterways.

2.4. Sea route

Hai Phong hosts the largest international seaport in Vietnam, capable of accommodating large vessels and international containers. This maritime infrastructure plays a crucial role in furthering the development of logistics for businesses.

Currently, Hai Phong boasts a system of 38 seaports of various sizes, offering numerous advantages, including:

• Contributing to 18% of the total output from Vietnamese ports
• Impressive growth of 17% over the same period
• Handling 41.7 million tons of goods

The first deep-water seaport in Hai Phong is equipped to receive containers with a capacity of 14,000 TEU and a tonnage of 180,000 DWT. This facilitates direct import and export activities with countries in America and Europe through mother ships, eliminating the need for intermediate transfers through third countries.

2.5. Airline

Cat Bi Airport, meeting ICAO level 4E standards, serves as a significant gateway in Hai Phong, offering numerous trade and investment opportunities. Situated in proximity to Hai Phong port and Lach Huyen port, the airport plays a pivotal role in fostering the growth of the import-export industry in the region, contributing to local economic development.

Furthermore, Cat Bi Airport is strategically located near international destinations like Korea, China, and Japan. This not only stimulates the aviation sector’s growth but also enhances tourism services, generating revenue for Hai Phong and the country as a whole.

Geographical location of Cat Bi Airport:

• 8 km from Hai Phong center
• 6 km from Hai Phong port

3. Human resource advantages

In addition to its prime location and top-notch logistics system, Hai Phong boasts a favorable labor market. Presently, the city has over 1.2 million workers, with 75% of them being skilled and trained to meet the high standards required for human resources in modern technology industries.

Hai Phong meets 75% of highly skilled human resources

To address the human resources demands in Hai Phong City, numerous businesses have established partnerships with universities to ensure that graduates find suitable employment opportunities. Businesses play a crucial role in both generating income and reducing unemployment rates for newcomers.

Moreover, Hai Phong continues to attract talented individuals, as multinational corporations and companies in high-tech and modern technology industries have selected this location as their destination. Notable examples such as:

• LG Group
• Bridgestone Corporation
• Regina Miracle Corporation
• …

These corporations often offer attractive incentives, thereby contributing to the influx of talented individuals to Hai Phong and supporting the continuous development of the region’s economy.

4. Advantages of development policies and investment incentives

The Vietnamese government, in collaboration with Hai Phong city leaders, consistently introduces favorable policies to attract both domestic and foreign investors.

In Hai Phong, the Dinh Vu – Cat Hai key economic zones are particularly noteworthy, enjoying various incentives in accordance with prevailing laws, including:

• New businesses are subject to only a 10% income tax for the first 15 years.
• Exemption for 4 years, followed by a 9-year reduction: corporate income tax is exempt for the initial 4 years, and subsequently reduced by % for the next 9 years.
• Employees benefit from a 50% reduction in personal income tax while working here.
• Numerous tax incentives encompassing import and export, value-added, special consumption, and water and land rent.

Beyond these developmental policies, Hai Phong provides additional incentives for investors. Notably, the establishment of the Port City Investment, Trade, and Tourism Promotion Center, functioning as the “01 city-level interconnection door”, facilitates swift resolution of construction procedures, investment, finance, land, environment, planning and more. This initiative aims to support and create optimal conditions for businesses investing in and implementing projects in the city.

5. Cultural, tourism, and entertainment advantages

Hai Phong city can be described as a locale with “favorable weather, fertile land, and amiable people”. It boasts numerous cultural traditions and renowned landscapes that reflect the distinctive identity of the Northern Coastal region. Several sites in the city have earned recognition from UNESCO as World Heritage Sites, drawing thousands of tourists annually who come to experience their unique charm.

Some famous tourist and entertainment destinations in Hai Phong:

• Cat Ba Archipelago: one of the world’s nature reserves with a diverse and unique ecosystem.
• Forest ecosystem: tropical, mangroves, coral, seaweed beds,…
• Do Son Resort has many beautiful beaches, pine forests,…
• Other high-end entertainment facilities:
  • Golf courses: Do Son, Song Gia, and Vu Yen
  • Do Son Casino
  • Hon Dau International Tourist Area
  • Dragon Hill International Tourist Area
  • …

Hon Dau tourist area in Hai Phong

Behind these entertainment projects are large corporations such as:

• Geleximco Group in Do Son
• FLC in Do Son
• Sungroup in Cat Ba
• …

6. What is outstanding about Gaw NP Industrial’s ready-built factory in Hai Phong?

Crafted by Vietnam’s premier industrial real estate developer, Gaw NP Industrial, GNP Nam Dinh Vu ready-built factory in Hai Phong in Hai follows the triumph of the GNP Yen Binh 1 and GNP Yen Binh 2 factory projects in Thai Nguyen.

The Hai Phong – Nam Dinh Vu ready-built factory is presently drawing interest from numerous domestic and international investment and production enterprises, owing to its advantages such as:

6.1 Prime location

GNP Nam Dinh Vu is located in the Dinh Vu – Cat Hai economic zone, possessing a strategic location with many outstanding advantages in regional connectivity:

• To Van Don airport: ~100 km (80 minutes)
• To Cai Lan Port: ~49 km (48 minutes)
• To Hai Phong Port: ~15 km (25 minutes)
• To Lach Huyen deep-water port: ~11 km (15 minutes)
• Hai Phong city center: ~16 km (28 minutes)
• To Cat Bi International Airport: ~13 km (20 minutes)
• To Noi Bai International Airport: ~130 km (110 minutes)
• To Hanoi Capital: ~122 km (100 minutes)

GNP Nam Dinh Vu is located in Dinh Vu – Cai Hai Economic Zone

6.2 Large scale

The Nam Dinh Vu – ready-built factory in Hai Phong spans a vast scale of 16.9 hectares, offering the market over 100,000 square meters of top-tier ready-built factory and warehouse space for rent, catering to the diverse requirements of investors.

6.3 Optimal Design

The GNP Nam Dinh Vu features a column-free design, enhancing the efficiency of the production area. Moreover, Nam Dinh Vu – ready-built factory in Hai Phong incorporates various other optimal designs, including:

• Clearance height: 6.5m for the factory area and 2.8m for the office area.
• Floor load: load capacity 2 tons/m2
• Rolling door: 3m x 4.5m
• Minimum rental area: 2,500 m2

Column-free design helps optimize factory space

6.4 Infrastructure – diverse utilities

Infrastructure and utilities at the GNP Nam Dinh Vu factory are well invested to serve the production needs of the business:

• Modern fire protection system
• The internal roads are wide and open
• Electricity and water supply system
• Communication systems

Fire protection system at the GNP Nam Dinh Vu – ready-built factory in Hai Phong

7. Summary

The trend of leasing a ready-built factory in Hai Phong, aiming to reduce costs, tap into new markets, and swiftly initiate production operations, is gaining popularity among investors. Hai Phong, with its strategic location and well-established infrastructure, is emerging as an ideal destination for businesses seeking to enhance their production and operations.

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