Investors flock to industrial parks in Hau Giang province

Authorities of Hau Giang province in Vietnam's Mekong Delta on Tuesday granted investment certificates and decisions to a series of domestic and foreign businesses wishing to invest in the province’s industrial parks.

Among those are famous names in the fields of agriculture, health and technology, such as Sunjin Vina Co., Ltd, FPT Corporation, and 689 CLOUD Solutions.

Sunjin Vina Co., Ltd. will lease 2.65 hectares of land to implement an aquatic feed factory at Tan Phu Thanh Industrial Park I in Tan Phu Thanh commune, Chau Thanh A district. The VND530 billion ($21.83 million) project is expected to be completed in January 2026.

FPT Education Co., Ltd., a subsidiary of FPT Corporation, registered to invest in an inter-level school covering 5.4 hectares at a cost of VND261 billion ($10.75 million). The project will include school blocks, functional rooms and auxiliary items, with a construction period of five years since land allocation.

General Hospital No. 10 Co., Ltd will pour over VND400 billion ($16.48 million) into the expansion of General Hospital No. 10 by 150 beds. The project is scheduled for completion in December 2025.

Two investors have shown interest in placing investments in Song Hau 2 Industrial Park, namely Pacific Maritime Services Co., Ltd and Hai Tin Co., Ltd.

Pacific Maritime Services Co., Ltd plans to invest VND500 billion ($20.6 million) in a 10-hectare logistics warehouse project, while Hai Tin Co., Ltd will develop a 10-hectare industrial gas production plant at an estimated cost of VND500 billion.

Many other domestic and foreign enterprises are looking at investments in Hau Giang Digital Technology Park I, located in Vi Tan commune, Vi Thanh town, including 689 CLOUD Solutions; Au Lac Software Development Co., Ltd; Digi-Texx Vietnam Co., Ltd, which is wholly invested by Germany; Steamzone Mekong Edtech Co., Ltd; NDN Vietnam Co., Ltd; QAS JSC; and Noiz Distribution Vietnam Co., Ltd.

On April 28, 2023, Prime Minister Pham Minh Chinh agreed to add Song Hau 2 Industrial Park and Dong Phu 2 Industrial Park covering a total of 614 hectares in Chau Thanh district to the country's industrial park development master plan. On August 3, 2023, Hau Giang province approved the subdivision schemes for the two IPs.

On November 22, 2023, Kinhbac City Development Holding Corporation based in the northern province of Bac Ninh applied to invest in building infrastructure at Song Hau 2 Industrial Park while Hai Phong-based Shinec JSC lobbied to develop infrastucture at Dong Phu 2 Industrial Park.

In addition, Hau Giang Digital Technology Park I has attracted both domestic and foreign businesses. Recently, local authorities approved the planning of Hau Giang Digital Technology Park II covering 23.5 hectares adjacent to the first one.

Under the provincial master plan for 2021-2030, with a vision to 2050, which was announced on Tuesday, Hau Giang will become a developed province and an industrial production and logistics hub of the Mekong Delta region.

Hau Giang in southern Vietnam will develop Chau Thanh district into its industrial and urban center; and two driving economic corridors, namely Can Tho-Ca Mau Expressway connecting Ho Chi Minh City and Chau Doc-Can Tho-Soc Trang Expressway linking provinces in the south of Hau River.

It will form three urban centers, including Vi Thanh, Nga Bay and Long My towns, with Vi Thanh the political, economic, cultural and social hub of the province.

The province’s four economic pillars will be modern industry, ecological agriculture, smart urban areas and quality tourism.