Ten years on, 150-hectare central Vietnam industrial park awaits investors

By Dinh Duy, Minh Hue
Sun, August 25, 2024 | 2:19 pm GMT+7

Established more than 10 years ago, the 150-hectare Quang Vinh Industrial Park in the central province of Thua Thien-Hue remains a vast area of white sand.

The area designated for the Quang Vinh Industrial Park in Phong Dien district, Thua Thien-Hue province, central Vietnam. Photo by The Investor/Dinh Duy.

The area designated for the Quang Vinh Industrial Park in Phong Dien district, Thua Thien-Hue province, central Vietnam. Photo by The Investor/Dinh Duy.

In 2013, the provincial People's Committee approved a detailed plan for construction of the 130-hectare Quang Vinh Industrial Park in Quang Vinh commune, Quang Dien district.

It was set to be a comprehensive IP that prioritizes the development of agricultural and aquatic product processing, animal feed processing, light and clean industries.

In 2023, the provincial People's Council approved adjustments to the IP’s 1/500 plan. Accordingly, the IP would cover 150 hectares and focus on multi-industry development, prioritizing industries using green, clean and advanced technology, light industries, and supporting industries and services.

The Quang Vinh IP was expected to provide the Quang Dien district – a purely agricultural locality in Thua Thien-Hue, a socio-economic fillip.

In 2017-2018, the district people's committee allocated VND2 billion ($80,072) to clear 14 hectares of land in a futile bid to attract investment.

As such, the 150 hectares of land set aside for the project remains a large sand field, with tombs yet to be relocated and the people's farms and acacia plantations still standing.

According to the economic-infrastructure division of Quang Dien district, the Quang Vinh IP faces many difficulties in attracting investment. Several investors who should interest in the project could not follow up for various reasons. The geographical location of Quang Dien district, a low-lying are, far from seaports, is said to be a major obstacle.

Le Ngoc Bao, chairman of the district people's committee, said that the lack of infrastructure was another factor that made it difficult to attract investors.

"In the current context, the district people's committee has proposed that the provincial People's Committee, the Economic and Industrial Zones Authority, and the Trade-Investment Promotion and Enterprise Support Center support the industrial park in attracting infrastructure investors," he said.

Comments ( 0)
  • Read More
Vietnam banking, retail, oil stocks well placed for market recovery: brokerages

Vietnam banking, retail, oil stocks well placed for market recovery: brokerages

Vietnamese banking, retail and oil-gas stocks are among the sectors best positioned to benefit from a potential market recovery after months of pressure from geopolitical tensions and macroeconomic headwinds, according to local brokerages.

Finance - Tue, June 16, 2026 | 1:04 pm GMT+7

Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies

Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies

State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.

Companies - Tue, June 16, 2026 | 12:20 pm GMT+7

Over 38% of Vietnamese businesses still face informal costs despite reforms: survey

Over 38% of Vietnamese businesses still face informal costs despite reforms: survey

More than 38% of businesses in Vietnam still pay informal charges, highlighting persistent gaps between regulatory reforms and their implementation, according to a survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Economy - Tue, June 16, 2026 | 11:26 am GMT+7

China ready to expand railway, power connectivity with Vietnam: PM

China ready to expand railway, power connectivity with Vietnam: PM

China is prepared to strengthen railway cooperation and enhance power grid connectivity with Vietnam, thereby expanding logistics corridors, trade links, and energy cooperation, said Chinese Premier Li Qiang during a phone talk with his Vietnamese counterpart Le Minh Hung on Monday.

Economy - Tue, June 16, 2026 | 8:52 am GMT+7

VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

Vietnam's benchmark VN-Index edged closer to the 1,800-point threshold on Monday as improving sentiment over easing tensions in the Middle East boosted risk appetite, driving gains in brokerage stocks while oil and Vingroup-related stocks weighed on the market.

Finance - Mon, June 15, 2026 | 8:34 pm GMT+7

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.

Economy - Mon, June 15, 2026 | 6:48 pm GMT+7

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

Companies - Mon, June 15, 2026 | 4:52 pm GMT+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GMT+7

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.

Economy - Sun, June 14, 2026 | 2:45 pm GMT+7

Industrials, technology top Vietnamese sectors in M&A transaction volume

Industrials, technology top Vietnamese sectors in M&A transaction volume

Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.

Consulting - Sun, June 14, 2026 | 9:00 am GMT+7

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.

Companies - Sun, June 14, 2026 | 8:00 am GMT+7