Quang Ninh poised to become new northern industrial hub
Quang Ninh province, along the Vietnam-China border and part of the Hanoi-Hai Phong-Quang Ninh development triangle, is emerging as a new production base in northern Vietnam, according to CBRE.
The real estate services firm, at a Quang Ninh investment promotion conference in Ho Chi Minh City on Wednesday, said it had recorded increases in industrial leasing demand in both quantity and scale in the first half of 2022. The year-on-year rise in land was 10%, while the demand for ready-built factories or warehouses upped 7%.
According to CBRE, the average land area required by a tenant in the first half was 9.4 hectares, bigger than last year’s average of 9.2 hectares. The H1 average demand for ready-built factories or warehouses was 6,700 square meters, much larger than the 6,100 square meters in 2021.

Bach Dang Bridge between Quang Ninh and Hai Phong is part of a regional expressway. Photo courtesy of Quang Ninh newspaper.
Vietnam attracted more than $14 billion in foreign direct investment (FDI) in the first half, including $6.7 billion to the North and $6.5 billion to the South. CBRE added that the North offered more competitive industrial rents than the South, together with more options for tenants.
Quang Ninh has made inroads into the trend, while its geographic location is attractive to “China plus one” investors, those who want to shift some production out of China, according to CBRE.
At the conference, Quang Ninh authorities presented the investment certificate for the Core5 Quang Ninh project at DEEP C Quang Ninh Industrial Zone. The $23.9 million project, developed by Indochina Kajima, a joint venture between Vietnam’s Indochina Capital and Japan’s Kajima Corp., will build factories and warehouses of international standard for lease.
Five days prior, Indochina Kajima’s industrial property platform Core5 Vietnam started work on the Core5 Hai Phong at Deep C2 Industrial Zone in Hai Phong city, also part of the Hanoi-Hai Phong-Quang Ninh development triangle. The project will also provide factories and warehouses of international standard for lease.
Currently, Quang Ninh is focusing on high-tech sectors like automobile and electronics manufacturing. To attract investors, the province prioritizes infrastructure development, including building an expressway running across the province to Mong Cai Border Gate on the Vietnam-China border. The expressway’s last section, from Van Don town to Mong Cai, will open to traffic on September 2.
This means the northern development triangle offers full transport links - by road, air, and sea. Besides linking Hanoi and Hai Phong, Quang Ninh offers convenient connection to southern China.
Currently, Belgian developer DEEP C is building two large-scaled industrial parks namely Bac Tien Phong and Nam Tien Phong here, with the latter better known as DEEP C Quang Ninh.
Seaports under construction in DEEP C Quang Ninh will directly link with Lach Huyen deep-water seaport in Hai Phong through Chanh River, where a dredging project is ongoing. These seaport-industrial park complexes will help reduce inland transportation costs, and promote logistics development in the region, thus making Quang Ninh province more attractive to investors.
Chau Thanh Hung, deputy head of the Quang Ninh Economic Zone Management Board, said his province’s administration has so far licensed 10 industrial infrastructure projects inside eight IPs.
He added Nam Tien Phong and Bac Tien Phong (aka DEEP C Quang Ninh) are the two IPs provided with the best incentives and with room for improvement, both located in an area in Quang Yen district with favorable conditions in terms of traffic connection by road, sea, and air.
- Read More
Vietnam, Russia eye setting up joint venture for maritime transport route
Vietnam and Russia are studying establishing a joint venture operator of a maritime transport route, underscoring their shared commitment to deepening cooperation in shipbuilding, logistics, and maritime infrastructure.
Companies - Thu, September 18, 2025 | 9:31 pm GMT+7
Coteccons consortium wins Long Thanh Airport contract worth $128 mln
HANTA2, a consortium of Coteccons Construction JSC, Hanoi Construction Corporation – JSC and ATAD Steel Structure Corporation, has won the bid for a construction package worth VND3.38 trillion ($128 million) at Long Thanh International Airport.
Companies - Thu, September 18, 2025 | 9:22 pm GMT+7
Vietnam PM orders full disbursement of public investment in 2025
Prime Minister Pham Minh Chinh has requested ministries, central agencies, and localities to ensure 100% disbursement of public investment capital in 2025.
Companies - Thu, September 18, 2025 | 9:18 pm GMT+7
EU, Indonesia to sign trade deal next week
The European Union and Indonesia have finalized a trade agreement that is expected to be signed on September 23.
Southeast Asia - Thu, September 18, 2025 | 9:06 pm GMT+7
The first project at VSIP Can Tho industrial park licensed
Can Tho city's export processing and industrial zones authorities have granted an investment registration certificate for the $100 million Bestway Can Tho sports technology plant project in Vinh Trinh commune.
Industries - Thu, September 18, 2025 | 9:04 pm GMT+7
Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP
Lego Manufacturing Vietnam has signed a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park (VSIP) as part of the company's ambition to operate its new factory, which opened in April 2025, on 100% renewable energy.
Industries - Thu, September 18, 2025 | 4:07 pm GMT+7
Con Vanh golf course in northern Vietnam to debut in 2028
Huy Hoang Urban Development and Investment JSC aims to put its VND2,156 billion ($81.75 million) Con Vanh golf course project in Hung Yen province into operation in early 2028.
Real Estate - Thu, September 18, 2025 | 3:21 pm GMT+7
No new grade B office supply in HCMC’s CBD until 2028: Knight Frank
No new Grade B office supply is entering Ho Chi Minh City's central business district (CBD), marking a significant shift in the market as developers are forced to build affordable office space further afield, said Knight Frank Vietnam.
Real Estate - Thu, September 18, 2025 | 1:42 pm GMT+7
What are expectations for Vietnam's stock market from Fed rate cut?
The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.
Economy - Thu, September 18, 2025 | 12:33 pm GMT+7
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7