Known as one of the port city with strong economic potential in the North, Hai Phong attracts many investors to build ready-built factories for rent. This boosts the industrial real estate market in Hai Phong due to the high demand for leasing from manufacturing, import-export, and logistics businesses.

1. Strategic location

Hai Phong’s advantage of being located near the largest international seaport in Vietnam makes industrial zones like Dinh Vu – Cat Hai and Trang Due, where many ready-built factories are concentrated, benefit from this convenient factor. This is also an important factor for businesses to consider investing in Hai Phong to serve import and export activities as well as save transportation time.

xBesides being a coastal city located in the central position of the coastal plain, Hai Phong is also an important transportation hub with all 5 types of transportation connecting to provinces/cities in the country and internationally. Some key transportation routes here include: Hanoi – Hai Phong Expressway, Hai Phong – Ha Long – Van Don – Mong Cai Expressway, National Highways 5 – 10 – 37,… facilitating fast delivery and transportation of goods.

Hai Phong enjoys a strategic economic location and is a major seaport in Northern Vietnam

2. FDI attraction

Thanks to its strategic location and policies to improve the investment and business environment as well as support businesses, Hai Phong has increasingly built trust with investors. By 2023, Hai Phong has become one of the leading provinces/cities in attracting FDI capital.

In particular, in November 2023 alone, Hai Phong attracted an additional 62 FDI projects with a total investment capital of 3.102 million USD. It is expected that by the end of the year, Hai Phong’s industrial zones have the potential to attract 511 FDI projects with a total investment capital of 25.933 million USD. Among FDI enterprises in Hai Phong, the most prominent are those from Korea with a total of 105 projects and a total investment capital of about 11 billion USD.

(Source: https://baodautu.vn/)

3. Incentives for investors

In Hai Phong’s economic zones, attractive tax incentives are offered to investors, including:

• Corporate Income Tax (CIT), based on Decree No. 218/2013/ND-CP:
• A preferential rate of 10% for 15 years, starting from the first year of revenue generation for new investment projects.
• Tax exemption for the first 4 years and a 50% reduction for the following 9 years, calculated from the first year of profit generation.
• Personal Income Tax (PIT), based on Circular No. 128/2014/TT-BTC:
• A 50% reduction for individuals working directly in the economic zone.
• Import and Export Tax, based on Decree No. 134/2016/ND-CP:
• Exemption from import and export taxes for goods originating from non-tariff zones and exported abroad.

Hai Phong’s attractive tax incentives are a major draw for investors

• Value Added Tax (VAT), based on Decree No. 209/2013/ND-CP:
• Exemption for goods and services traded between foreign countries and non-tariff zones, and between non-tariff zones.
• 0% tax rate applied to goods and services sold or supplied within non-tariff zones.
• Special Consumption Tax, based on Decree No. 26/2009/ND-CP and Decree No. 113/2011/ND-CP:
• Exemption for goods imported from abroad into non-tariff zones.
• Exemption for goods from the domestic market sold into non-tariff zones and used only within those zones.
• Exemption for goods traded between non-tariff zones, except for passenger cars with less than 24 seats.

(Source: https://haiphongnews.gov.vn)

4. GNP Nam Dinh Vu – Reputable ready-built factory in Hai Phong

Gaw NP Industrial, a leading high-end real estate developer in Vietnam, boasts GNP Nam Dinh Vu among its most notable projects, a reputable and high-quality ready-built factory in Hai Phong. Spanning 16.9 hectares within the Dinh Vu – Cat Hai Industrial Park, GNP Nam Dinh Vu integrates both factories and warehouses.

Furthermore, GNP Nam Dinh Vu enjoys a strategic location, making it an ideal destination for transportation and logistics companies, facilitating easy connections to other provinces and cities nationwide, including:

• Cat Bi International Airport: 13 km (20 minutes)
• Lach Huyen International Deepwater Port: 11 km (15 minutes)
• Hai Phong Port: 15 km (25 phút)
• Van Don International Airport: 100 km (80 minutes)
• Cai Lan Port: 49 km (48 minutes)
• Noi Bai International Airport: 130 km (110 minutes)
• Hai Phong city center: 16 km (28 minutes)
• Hanoi capital: 122 km (100 minutes)

GNP Nam Dinh Vu is EDGE-certified for energy efficiency

In addition, GNP Nam Dinh Vu Industrial Center is designed to international standards with many amenities such as a 3-phase power system, water and waste treatment system, fire protection system, 24/7 security system, etc. Notably, GNP Nam Dinh Vu is also EDGE-certified for energy efficiency.

Furthermore, another factor that makes GNP Nam Dinh Vu an attractive choice for investors is its tax incentives. Businesses renting ready-built factories at GNP Nam Dinh Vu will enjoy a 100% corporate income tax exemption for the first 4 years and a further 50% reduction for the next 9 years. This is a great opportunity to save costs and increase profits for businesses planning long-term investments in Hai Phong.

Moreover, when renting ready-built factories at GNP Nam Dinh Vu, businesses also enjoy professional support services such as loading and unloading, factory management, goods delivery, cargo insurance, and legal advice.

The above are the reasons why many investors choose Hai Phong to build ready-built factories for rent. In addition, if businesses are looking for quality ready-built warehouse solutions in Hai Phong, they can learn more about GNP Nam Dinh Vu or call the Hotline directly: +84 789 75 77 88 for detailed consultation.

>>> See more: Considerations when selecting a factory for rent in Vietnam

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