Attracting Industrial Investment: Leveraging Advantages to Drive Sustainable Growth

Investment capital is a decisive factor in determining the scale, pace, and quality of industrial growth. Our province currently possesses critical advantages in attracting this capital, most notably its strategic geographical location, a progressively synchronized infrastructure of industrial zones and clusters, and an increasingly transparent business environment.

With 17 operational industrial zones (IZs) maintaining an occupancy rate of nearly 50%, alongside a network of 67 industrial clusters, 35 of which are active, the province offers flexible land-use solutions to meet diverse investor needs. Leveraging this infrastructure, the internal industrial structure is shifting toward high-value-added sectors.

Currently, over 70 enterprises in the province have successfully integrated into the supply chains of global technology giants such as Samsung, Dell, and Apple. Specifically, the manufacturing of electronic products, computers, and optical equipment has become the province’s pillar industry, accounting for over 38% of total industrial production. This serves as a clear testament to the province’s growing integration into the global value chain.

The infrastructure of Phu Ha Industrial Park, Phase I, has been completed, creating favorable conditions for businesses to implement their investments.

Hanyang Digitech Vina Co., Ltd. specializes in memory modules and SSDs. Employing approximately 1,600 workers with an annual revenue exceeding 1,000 billion VND, Hanyang is a flagship FDI enterprise in the region. Mr. Choi Dong Hyeon, the company’s director, noted that the province’s proactive support in administrative procedures and labor recruitment has been a vital factor in building long-term investment confidence.

Driven by these targeted strategies, industrial production continues to see high growth. In 2025, the Industrial Production Index (IIP) rose by an estimated 26.4% compared to 2024. Within the GRDP structure, industry and construction accounted for 48.8%, with industry alone contributing 42.3%, reinforcing its role as the backbone of the provincial economy. This momentum stems largely from the processing and manufacturing sectors, which attracted 381.1 million USD in FDI across 51 new projects in 2025 alone.

Manufacturing electronic components and connecting cables for export at Bando Vina Co., Ltd. (Thuy Van Industrial Park).

To sustain this foundation, the province has aggressively improved its business climate by streamlining administrative procedures, shortening approval times, and promoting digital governance. Looking toward the 2026–2030 period, the Provincial People’s Committee aims to transform the region into a national industrial hub for automobiles, electronics, and digital technology. A key priority is the development of at least one high-tech industrial park to attract emerging sectors such as semiconductors, chips, and Artificial Intelligence (AI).

Furthermore, the province is focused on diversifying its core products—ranging from luxury vehicles to pharmaceuticals—while supporting traditional industries like paper and chemicals in adopting green technologies. Beyond manufacturing, expansion into renewable energy, high-tech medical equipment, and logistics infrastructure is also underway. With a favorable investment climate and maturing infrastructure, industrial investment is poised to remain the primary engine driving the province’s economic prosperity in the coming years.

Nguyen Hue