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Viet Nam
Industrial Park Status
Text by Saito Hiroshi
The 51th: Ninh Binh Province: A Province Active in Attracting FDI (Foreign Direct Investment)
When a manufacturing company enters Vietnam, choosing which region to build an industrial park in is an important point, but there are provinces and cities across the region that are actively working to welcome FDI, and we would like to introduce some examples of this.
Following a reorganization of government ministries in July last year, Ninh Binh Province merged with the former Ha Nam and Nam Dinh provinces to become an important production base in northern Vietnam.
1. Location / Area / Population
Ninh Binh Province is located in the Red River Delta region in northern Vietnam, with an area of 3,943 km2 and a population of approximately 4.42 million.
2. Industrial parks in Ninh Binh Province
After the reorganization of ministries, Ninh Binh province now has 24 industrial parks:
①Tamdiep 1 Industrial Park
②Tamdiep 2 Industrial Park
③Phuc Son Industrial Estate
④Giankhau Industrial Park
⑤Giankhau Expansion Industrial Park
⑥Khanhcu Industrial Park
⑦Khanhphu Industrial Park
⑧Kim Son Industrial Complex
⑨Thich Tho Industrial Park (both in the former Ninh Binh Province)
⑩Dongvan 1 Industrial Park
⑪Dongvan 2 Industrial Park
⑫Dongvan 3 Industrial Park
⑬GNP Dongvan 3 Industrial Center
⑭Dongvan 4 Industrial Park
⑮Hoa Mac Industrial Park
⑯Chauson Industrial Complex
⑰Thanhlien Industrial Complex
⑱Thai Ha Industrial Park
⑲Kim Bang Industrial Park (former Ha Nam Province)
⑳Hoa Xa Industrial Park
㉑Bao Minh Industrial Park
㉒Rang Dong Textile and Sewing Industrial Park
㉓My Thuan Industrial Park
㉔There is also the My Trung Industrial Park (both in the former Nam Dinh Province).
3. Characteristics of Ninh Binh Province
Ninh Binh Province is located in the north of Vietnam, and its capital is 90km south of Hanoi, about a two-hour drive away. It is considered one of the birthplaces of Vietnamese culture, and was the capital during the 10th century during the Dinh Dynasty, before the capital was moved to Hanoi. During the French colonial period, it developed as an industrial city primarily focused on the textile industry, and the province remains known as one of the centers of Vietnam’s garment industry. Many tourists also visit Trang An, a UNESCO World Heritage Site.
4. Japanese companies expanding into the country
Major Japanese companies operating in Ninh Binh Province include Shikoku Cable Vietnam (Dong Van 2 Industrial Park), Pronics Vietnam (Dong Van 3 Industrial Park), and Dynaox Vietnam (Hoa Mac Industrial Park).
5. Conclusion
Ninh Binh Province is located at the southern end of the Hanoi metropolitan area, and since land prices are still low compared to the major northern industrial provinces and cities (Bac Ninh Province, Bac Giang Province, Hanoi City, Hai Phong City), it is an area that is favored by new companies and suppliers, and the industrial composition of the province’s industrial parks is progressing with supplier concentration-type development, such as machining, automobile-related, precision parts, and high-tech manufacturing.In addition, while the major northern industrial provinces and cities mentioned above are currently facing problems of land shortages and rising labor costs, Ninh Binh Province still has a lot of land available for development, and labor costs are low, offering great cost benefits.
齊藤公(Saito Hiroshi)
Business Advisor
G.A. Consultants Vietnam Co., Ltd
After graduating from university, he joined a PHP research institute and served as the head of the New York office. He then worked on the “Nagoya Port Redevelopment Project” at a subsidiary of the Chubu Nippon Broadcasting (CBC) company. He later shifted his base to Asia, where he was involved in the launch of “FM96.3” in Singapore, and the creation of “Hello Vietnam” and “Invest Asia” magazines in Vietnam. He then joined BW Industrial Development JSC, Vietnam’s largest rental factory development company, where he was responsible for attracting Japanese manufacturing companies. Currently, he is active as a consultant for the entry of Japanese companies at “G.A. Consultants”, one of the longest-standing Japanese HR consulting firms in Vietnam.
