Hai Duong - Northern factory - Regional Analysis proposed by RSQUARE Vietnam

Hai Duong Province, located in the Red River Delta, is an important administrative center in the Northern key economic region. With its strategic location, where key traffic routes converge, and its potential for developing cultural and spiritual tourism, Hai Duong is attracting strong attention from investors. In particular, the factory rental market in Hai Duong is becoming very vibrant. The increase in investment from the "big guys" in the industry has contributed to promoting billions of USD in capital flows into the industrial real estate sector, opening up great opportunities for the strong development of this market in the future.

Hai Duong holds an important position in the key economic region of Northern Vietnam, located along the economic corridor connecting Lao Cai, Hanoi, Hai Phong, and Quang Ninh, and is close to the coastal economic belt of the Gulf of Tonkin. This location offers a significant advantage for trade and business exchanges with Hanoi, Hai Phong, Quang Ninh, and neighboring provinces such as Bac Giang, Bac Ninh, Thai Binh, and Hung Yen.

The province is strategically positioned between major seaports and international airports in the North, enabling strong connections both domestically and internationally. It plays a key role in economic trade and ensures national defense and security in the northern provinces.

The geography of Hai Duong is bordered by several important provinces and cities:

Transportation infrastructure is considered the lifeblood of economic and social development. Recognizing its importance, Hai Duong province has focused all available resources in recent years to invest in and build modern transportation infrastructure, thereby strengthening regional connectivity.

According to the Department of Transport of Hai Duong, with over 12,000 km of various types of roads, more than 400 km of inland waterways, and over 60 km of railway, along with several major projects currently underway, Hai Duong possesses a well-developed and modern transportation system.

The province also benefits from a favorable waterway system thanks to its proximity to the Red River and Kinh Thay River. Inland ports like Kim Thanh Port and An Duong Port play an important role in goods transportation. The waterway system also helps reduce transportation costs and is an efficient option for businesses with large-volume shipments.

With a convenient transportation system, connectivity and trade between regions within the province, inter-provincially, and with international airports and seaports in the area have become easier. This further accelerates the strengthening of economic development.

The government of Hai Duong province is committed to improving the investment environment and providing favorable conditions for businesses. Incentive policies regarding taxes, land, and administrative procedures have been implemented to support investors. The province also focuses on building and developing industrial parks with completed infrastructure, along with support services for businesses such as providing land for production, synchronized infrastructure, electricity, water, telecommunications, and other amenities.

Between 2020 and 2023, Hai Duong province made remarkable progress in developing its workforce, thanks to the attention and leadership from local authorities and the close cooperation between government agencies, businesses, and the community. The province has a large population with a young, healthy, and abundant labor force that meets the local economic development needs.

The rapid growth in both the quantity and quality of the workforce, especially the influx of workers from other provinces due to foreign direct investment (FDI), has created a flexible and highly skilled labor pool. Hai Duong also maintains and expands its network of training institutions, from universities to vocational centers, helping to improve the quality of the workforce. The employment rate for graduates ranges from 70% to over 90%, depending on the field of study.

The educational and technical expertise of Hai Duong's labor force has also been continuously improved. The percentage of workers with training certifications increased from 19.1% in 2016 to 24.8% in 2020, surpassing the national average. The growth rate of social labor productivity reached 7.7% between 2016 and 2020.

Notably, the province's labor structure has shifted positively in line with the industrialization and modernization process. The proportion of workers in the industrial and construction sectors increased from 50.82% in 2020 to 52.3% in 2023, while the proportion of workers in agriculture decreased from 18.4% to 16.3%. These changes reflect Hai Duong's strong development and the potential of the province’s labor force to meet the demands of modern industrial economic growth.

Renting a factory in Hai Duong brings many advantages to businesses, especially in the context of an increasingly developing and favorable investment environment. Below are the outstanding advantages when renting a factory in Hai Duong:

Strategic Location, Convenient Traffic Connection: Hai Duong is located on the important economic corridor Lao Cai - Hanoi - Hai Phong - Quang Ninh, and is also close to the coastal economic belt of the Gulf of Tonkin. With a developed transportation network, including the Hanoi - Hai Phong expressway, National Highway 5, and a system of seaports and international airports, Hai Duong makes transporting goods easy and cost-effective.

Competitive Factory Rental Costs: Compared to large industrial parks such as Hanoi, Hai Phong, or Quang Ninh, the cost of renting a factory in Hai Duong is still very competitive and reasonable. Land and factory rental prices here are often lower, and labor costs are also reasonable, helping businesses save operating costs while still ensuring production quality.

Modern Industrial Infrastructure: Industrial parks in the area provide business support services such as electricity, water, telecommunications, environmental treatment and security systems, helping businesses easily deploy production activities without having to worry about infrastructure.

Incentive Policies and Support from the Government: Hai Duong always focuses on developing industrial infrastructure and creating favorable conditions for investors. The provincial government provides many preferential policies on taxes, land and administrative procedures to attract and support businesses throughout the operation process. Renting factories in Hai Duong not only helps businesses take advantage of modern infrastructure but also enjoy investment incentives, creating conditions for long-term and sustainable development.

The BW factory in VSIP Hai Duong Industrial Park owns modern infrastructure, outstanding among industrial real estate in the province. This area also concentrates many large enterprises such as Nestlé, Canon, Ford, Daikin, Hyundai Kefico, creating a vibrant production environment.

With a strategic location on National Highway 5, the main route connecting Hai Phong and Hanoi, BW factory is easily connected to transportation, convenient for logistics and production activities. Therefore, VSIP Hai Duong Industrial Park always attracts the attention of investors. BW factory here has a rental area of 600 m² on a total area of 106,200 m², suitable for businesses in the following industries:

An Phat Factory at An Phat Complex Industrial Park is located in Tu Minh Commune, Viet Hoa Ward, Hai Duong City, in the center of the province and directly connected to the main traffic routes of the Northern key economic region. This strategic location helps businesses easily connect with major cities such as Hanoi, Hai Phong, Bac Ninh, Thai Nguyen, saving costs and transportation time.

With a total floor area of up to 1,080,000 m², An Phat Factory at An Phat Complex Industrial Park has a rental area of 15,000 m², a ceiling height of 8m and a load capacity of 3 tons/m². This industrial park owns synchronous infrastructure, green landscape and full amenities, creating an ideal working environment for businesses.

Priority sectors for renting this factory include:

With a prime location and modern infrastructure, An Phat factory in An Phat Industrial Park is an ideal choice for businesses investing and developing in the Northern region.

Both the BW factory in VSIP Hai Duong Industrial Park and An Phat factory in An Phat Complex Industrial Park are ideal investment options for businesses looking for opportunities to find and rent factories in Hai Duong. With modern infrastructure, strategic locations convenient for traffic connections and a vibrant production environment, both industrial parks provide optimal conditions for industries from manufacturing, processing to high technology.

Factory for rent	Address	Total floor area	Rental price
BW - VSIP Hai Duong Industrial Park	Cam Dien Commune, Cam Giang District, Hai Duong	106,200 m²	$5.3 - $7.3 USD / m² (excluding VAT)
An Phat - An Phat Complex Industrial Park	Viet Hoa Ward, Hai Duong City, Hai Duong Province	1,080,000 m²	$3.55 - $5.55 USD / m² (excluding VAT)

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Northern factory

Hai Duong – An Attractive Destination for Investment and Sustainable Development

Factories for Rent in Hai Duong

RSQUARE : Your Expert Real Estate Advisor

RSQUARE : Your Expert Real Estate Advisor