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Potential of Hai Phong ready-built warehouse market

August 27, 2024 08:30 AM

Positioned strategically with state-of-the-art infrastructure and robust economic potential, the ready-built warehouse for rent in HaiPhong is unveiling an expansive and promising future for investors. 1. The development of the economy and logistics in Hai Phong Hai Phong has the largest seaport system in the Northern region Hai Phong is one of the major industrial […]

Positioned strategically with state-of-the-art infrastructure and robust economic potential, the ready-built warehouse for rent in HaiPhong is unveiling an expansive and promising future for investors.

1. The development of the economy and logistics in Hai Phong

Hai Phong has the largest seaport system in the Northern region

Hai Phong has the largest seaport system in the Northern region

Hai Phong is one of the major industrial and urban centers and a crucial gateway to the key economic region in the North. With its favorable geographical location, coupled with a modern international airport and a seaport system, Hai Phong possesses numerous advantages for the robust development of industries and services, particularly in the logistics sector.

The volume of goods passing through Hai Phong seaport has increased rapidly over the years, rising from 78.9 million tons in 2016 to 151.1 million tons in 2021. At Tan Vu Port alone, the container throughput has steadily increased, reaching a record of 1 million TEUs in 2021, making it the first container port in the North to achieve this milestone. This is a clear testament to the remarkable growth of maritime logistics activities in Hai Phong.

To promote comprehensive growth in the logistics sector, the city has focused on investing in the construction of a modern infrastructure system. Transport routes connecting to Hanoi and neighboring provinces have been upgraded and expanded. Cat Bi International Airport has been modernized with a design capacity of up to 7 million passengers per year. The seaport system, warehouses, and logistics centers have been systematically invested in.

As a result, import and export activities, maritime and air transportation in Hai Phong are becoming increasingly vibrant. The annual export turnover shows stable growth, making a significant contribution to the overall economic growth of the city. Service, trade, and tourism activities are also thriving. Hai Phong is gradually asserting its role as a logistics hub and a vital growth driver for the Northern region in particular and the country as a whole.

2. Opportunities and challenges in the future of Hai Phong

Despite Hai Phong’s comprehensive achievements across all sectors, affirming its crucial role in the processes of industrialization, modernization, and international integration, the city still faces significant opportunities as well as challenges in the future.

2.1 Advantages and Opportunities

– Location: Hai Phong is situated in the coastal region of Northern Vietnam, boasting an extensive coastline. It is one of the largest seaports in Vietnam, connecting with coastal provinces in the Northern region, the Red River Delta, and Northern provinces, as well as international connections. Therefore, warehouses for rent in HaiPhong have opportunities for convenient exchanges, cooperation, and socio-economic, defense, and security development.

– Infrastructure: Hai Phong has invested in the construction and upgrade of several crucial infrastructure projects. These include the Tan Vu – Lach Huyen Bridge (the longest sea bridge in Southeast Asia), Lach Huyen International Port (the deepest port in Vietnam), the Hanoi – Hai Phong expressway, and Cat Bi International Airport. These projects contribute to expanding opportunities for accessibility and attracting resources both domestically and internationally. They serve as a driving force for the development of industrial, service, and tourism sectors.

Tan Vu - Lach Huyen Bridge, the longest sea bridge in Southeast Asia

Tan Vu – Lach Huyen Bridge, the longest sea bridge in Southeast Asia

– Incentive Policies: Hai Phong benefits from various incentive policies provided by the Government and central ministries. Resolutions such as Resolution 45-NQ/TW from the Politburo on the construction and development of Hai Phong City until 2030, with a vision towards 2045, and Government Decree 89/2017/NĐ-CP outlining specific financial and budgetary mechanisms for Hai Phong City. These policies create favorable conditions for Hai Phong to pursue strategic goals, innovate management methods, and effectively mobilize and utilize resources to promote development.

– Logistics Development Potential: Hai Phong holds a competitive edge in the logistics sector, being one of the national and regional logistics hubs. The city boasts a modern seaport system capable of accommodating large container vessels, along with numerous industrial zones, economic zones, export-processing zones, commercial zones, and service areas. Hai Phong has also formulated and implemented a development strategy for the city’s logistics sector until 2025, with a vision toward 2030. The goal is to establish a comprehensive, efficient, and sustainable logistics ecosystem, contributing to enhancing the city’s competitive capacity and integration.

Hai Phong has great development potential in Logistics

Hai Phong has great development potential in Logistics

– Promoting Small and Medium-sized Enterprises (SMEs) in Global Supply Chains: Hai Phong has implemented numerous policies and solutions to support the development of small and medium-sized enterprises (SMEs). These include providing market information, facilitating access to capital, offering training programs to enhance managerial capabilities, and encouraging innovation and technology adoption. Hai Phong has also created various opportunities for SMEs to participate in the global supply chains of both domestic and international large enterprises, such as Samsung, LG, Vinfast, and others. These activities assist SMEs in improving operational efficiency, expanding their market presence, and increasing income.

2.2 Difficulties and Challenges

Challenge of High-Quality Labor Shortage: Hai Phong is facing a shortage of high-quality labor with advanced qualifications, specialized skills, and proficiency in foreign languages to meet the demands of economic and social development. According to data from the Department of Labor, Invalids, and Social Affairs of Hai Phong city, the proportion of highly skilled labor accounts for only about 10% of the total workforce in the city. The reasons for this situation include the relatively low quality of education and training, which fails to meet the labor market’s needs. Additionally, income disparities and living conditions between Hai Phong and other major cities contribute to the challenge, along with the lack of policies to attract and retain high-quality labor.

3. Industrial real estate developer Gaw NP Industrial

Gaw NP Industrial is an industrial real estate platform established by Gaw Capital Partners and NP Capital Partners, two leading real estate investment and development funds in Asia. Gaw NP Industrial aims to provide solutions for the increasing demand for factories, warehouses, and logistics from customers in the e-commerce, supply, and manufacturing industries in Vietnam.

The projects of Gaw NP Industrial are designed to international standards, environmentally friendly, and energy-efficient, including ready-built factories, ready-built warehouses, and built-to-suit factories. As of the current moment, Gaw NP Industrial provides warehouses for rent in HaiPhong – GNP Nam Dinh Vu and Ha Nam – GNP Dong Van 3.

4. Warehouse for rent in HaiPhong – GNP Nam Dinh Vu

Warehouse for rent in HaiPhong - GNP Nam Dinh Vu

Warehouse for rent in HaiPhong – GNP Nam Dinh Vu

The GNP Nam Dinh Vu is a ready-built factory and warehouse project available for rent, starting from September 2022. The ready-built warehouse for rent in Hai Phong – GNP Nam Dinh Vu offers numerous outstanding advantages, catering to the storage requirements of enterprises.

4.1 Warehouse location

The ready-built warehouse for rent in HaiPhong is situated in the Nam Dinh Vu Non-tariff Industrial Park, Hai An District, Hai Phong City. This location holds strategic importance within the global logistics chain, with convenient access to seaports, airports, highways, and other major industrial parks. From the project, easy navigation is available to the following key points:

  • Lach Huyen International Deep-water Port: 11km, approximately 15 minutes
  • Hai Phong Port: 15km, approximately 25 minutes
  • Cat Bi International Airport: 13km, approximately 20 minutes
  • Hai Phong City: 16km, approximately 28 minutes
  • Hanoi Capital: 122 km, approximately 100 minutes

Warehouse for rent in HaiPhong has a strategic location that is convenient for businesses

Warehouse for rent in HaiPhong has a strategic location that is convenient for businesses

4.2 Design and area

The ready-built warehouse product at GNP Nam Dinh Vu Industrial Center is designed to international standards, environmentally friendly, and energy-efficient.

  • Clear height: Warehouse 9.5m and office 2.8m
  • Power supply: Maximum 200 KVA/unit with 3-phase power
  • Floor load capacity: 3 tons/m2
  • Lifting floor: Hydraulic, load capacity 6 tons
  • Modern fire protection and prevention system

4.3 Investment incentives

Being located in the Dinh Vu – Cat Hai economic zone, when leasing the ready-built warehouse Hai Phong – GNP Nam Dinh Vu, businesses enjoy attractive investment incentives:

  • Incentives such as corporate income tax exemption for the first 4 years and a 50% reduction for the following 9 years
  • 0% import-export tax and VAT for export-oriented enterprises
  • Preferred industries, including mechanics, precision mechanics, new materials, specialized materials, construction materials, support industries, high technology, electronic components, paint (meeting required conditions), chemicals, rubber, cosmetics.

Businesses enjoy attractive tax incentives when renting ready-built warehouses in Hai Phong and GNP Nam Dinh Vu

Businesses enjoy attractive tax incentives when renting ready-built warehouses in Hai Phong and GNP Nam Dinh Vu

4.4 Highlights

Ready-built warehouse for rent in HaiPhong – GNP Nam Dinh Vu offers several advantages compared to other products in the market, featuring highlights such as:

  • Area ranging from 5,000 m2 and expandable in the future
  • EDGE certification for energy efficiency
  • Flexible payment terms
  • Experienced and knowledgeable staff familiar with the Vietnamese market

>>> See more: Discover why EDGE certification is crucial in elevating industrial real estate standards

5. Summary

The warehouse for rent in HaiPhong is experiencing significant growth with promising potential. The advantageous geographical location, continually improving infrastructure, and economic development are generating substantial momentum for the real estate market, particularly in the warehouse sector. The rising demand for storage, logistics, and international trade in Hai Phong presents significant opportunities and potential for investors, contributing to economic benefits and fostering sustainable development in the future.

See more:

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