Trang Cat Industrial Park - Hai Phong
- Investor: Kinhbac City Group and Foxconn Group
- Price: 100 USD/m2
- Area: 790,79 Ha
Hai Phong has entered a fundamentally new stage of development.
Following the merger of the former Hai Phong City and Hai Duong Province effective July 1, 2025, the new Hai Phong has become one of Vietnam’s largest and most strategically integrated industrial economies — combining a world-facing deep-sea port system, an established export-manufacturing base, extensive industrial land, major logistics infrastructure and a large inland production corridor directly connected to Hanoi and the wider Northern Vietnam manufacturing ecosystem.
The new centrally governed city covers approximately 3,194.72 km², has a population of approximately 4.66 million, and comprises 114 commune-level administrative units: 45 wards, 67 communes and two special zones — Cat Hai and Bach Long Vi. Its political-administrative center is located in the Bac Song Cam New Urban Area.
For international manufacturers, Hai Phong’s competitive proposition is increasingly difficult to replicate elsewhere in Vietnam:
industrial production + deep-sea shipping + logistics + major FDI clusters + expressway connectivity + large labor market + special investment mechanisms.
Hai Phong should therefore no longer be viewed simply as Northern Vietnam’s traditional port city.
It is emerging as Northern Vietnam’s deep-sea industrial and export gateway.
Hai Phong occupies a unique position within Vietnam’s industrial geography.
To the west lies the Hanoi metropolitan economy and the manufacturing corridors extending through Hung Yen and Bac Ninh. To the northeast is Quang Ninh and the economic corridor toward China. To the east is the Gulf of Tonkin, providing direct maritime access to international shipping routes.
Following the 2025 administrative restructuring, Hai Phong now incorporates the former industrial base of Hai Duong, dramatically expanding the city’s inland manufacturing footprint.
This creates an unusually complete industrial geography:
Deep-Sea Ports → Port Logistics → Coastal Industrial Zones → Advanced Manufacturing → Inland Industrial Parks → Hanoi & Northern Vietnam Supply Chains.
For export-oriented manufacturers, the result is particularly compelling: factories can locate within one of Vietnam’s strongest industrial regions while maintaining efficient access to international container shipping through the Hai Phong–Lach Huyen port system.
The new Hai Phong City was formed through the consolidation of:
Former Hai Phong City + Former Hai Duong Province.
The city now covers approximately 3,194.72 km², with approximately 4,664,124 residents.
Its current administrative system consists of:
45 wards
67 communes
2 special zones
114 commune-level administrative units in total
The two special zones are:
Cat Hai Special Zone
Bach Long Vi Special Zone
The new Hai Phong borders Quang Ninh Province to the north and east, while its western and southwestern interfaces connect with the new Bac Ninh and Hung Yen provinces. Its eastern and southeastern maritime frontage opens toward the Gulf of Tonkin and the East Sea.
This geography gives Hai Phong simultaneous access to Vietnam’s northern industrial heartland and international maritime trade.
Hai Phong has become one of Vietnam’s largest provincial-level economies.
In 2025, the city’s economy was estimated at approximately US$30 billion, ranking third nationwide, while GRDP expanded by approximately 11.81%. Hai Phong also recorded its 11th consecutive year of double-digit economic growth. Export turnover reached approximately US$50.14 billion, while cargo throughput through the port system reached approximately 213 million tonnes.
Momentum remained strong in 2026.
During the first six months of 2026, Hai Phong’s GRDP increased approximately 11.33%, ranking first among Vietnam’s centrally governed cities for the period. Industrial and construction activity grew approximately 13.46%, while manufacturing continued to serve as a principal growth engine.
The city’s 2026 development plan targets approximately:
13% GRDP growth
US$52 billion in exports
238 million tonnes of port cargo throughput
15.5–16% industrial production growth
US$3.8–4.3 billion in new FDI
High-tech industrial products are targeted to represent approximately 63% of manufacturing output, demonstrating Hai Phong’s intention to move beyond conventional manufacturing toward technology-intensive production.
Hai Phong is no longer an emerging FDI destination. It is an established one.
As of June 25, 2026, the city had approximately 1,853 active FDI projects with around US$54 billion in registered investment capital.
During the first six months of 2026 alone, Hai Phong attracted approximately US$3.135 billion in FDI, with approximately 92.4% of that investment flowing into industrial parks and economic zones.
The investment profile is increasingly concentrated in:
Major international investors and industrial groups have established significant operations across the broader Hai Phong industrial ecosystem, helping create supplier networks rather than isolated factories.
This clustering effect is one of Hai Phong’s strongest advantages for new FDI entrants.
The merger with Hai Duong fundamentally changes the industrial map of Hai Phong.
Investors now gain access to two complementary manufacturing environments within one centrally governed city:
Best suited to:
export manufacturing, electronics, automotive, logistics-intensive industries, port-related industries, high-tech production and large-scale FDI.
Best suited to:
electronics, supporting industries, automotive components, precision engineering, mechanical production, consumer manufacturing and supply-chain operations requiring proximity to Hanoi, Bac Ninh and inland Northern Vietnam.
The expanded Hai Phong industrial ecosystem includes established and developing locations such as:
DEEP C Hai Phong I Industrial Zone
DEEP C Hai Phong II Industrial Zone
DEEP C Hai Phong III Industrial Zone
Nam Dinh Vu Industrial Park
Trang Due Industrial Park
VSIP Hai Phong
Nam Cau Kien Industrial Park
An Duong Industrial Park
Do Son Industrial Park
Japan–Hai Phong Industrial Park / former Nomura Hai Phong
Trang Cat Industrial & Urban Area
Dinh Vu–Cat Hai industrial and port areas
Together with major industrial parks inherited from former Hai Duong, including:
Dai An Industrial Park
Dai An Expansion Industrial Park
Nam Sach Industrial Park
Phuc Dien Industrial Park
Tan Truong Industrial Park
Lai Cach Industrial Park
Cong Hoa Industrial Park
An Phat 1 Industrial Park
Ky Anh Industrial Park
and other existing and planned industrial developments across the western manufacturing corridor.
For investors, however, industrial park selection should not be based simply on land availability.
TTTFIC evaluates each location against:
permitted industry → environmental classification → power requirement → wastewater capacity → labor availability → container movement → port distance → supplier ecosystem → expansion potential → land tenure → legal readiness → total occupancy cost.
This is particularly important in Hai Phong because a factory serving international container exports may require a fundamentally different location from a component manufacturer supplying customers in Bac Ninh, Hanoi or the western Hai Phong industrial belt.
The Dinh Vu–Cat Hai Economic Zone is one of the strategic foundations of Hai Phong’s industrial economy.
Rather than functioning as a conventional industrial zone, the area combines:
manufacturing + seaport infrastructure + logistics + warehousing + maritime services + energy + supporting industries + urban services.
Its strategic significance is reinforced by direct connectivity to the Lach Huyen deep-sea port area and the Cat Hai manufacturing corridor.
For manufacturers whose business model depends heavily on imported materials or containerized exports, this port-industrial integration can significantly improve supply-chain efficiency.
Hai Phong’s industrial geography is expanding further.
The Southern Hai Phong Coastal Economic Zone, established by the Prime Minister in December 2024 and subsequently advanced through planning, covers approximately 20,000 hectares.
Its long-term development orientation includes industrial production, logistics, port-related activities, energy and modern urban-economic functions.
This creates a new development axis south of the traditional Dinh Vu–Cat Hai industrial-port ecosystem and provides Hai Phong with additional strategic industrial capacity for the coming decades.
A further strategic development occurred in February 2026 with the establishment of the Hai Phong Specialized Economic Zone, covering approximately 5,300 hectares in the western part of the expanded city.
Its planned functional areas include:
industrial parks and industrial clusters
integrated trade and services
non-tariff areas
logistics services
logistics centers
innovation centers
This development is particularly important because it begins integrating the former Hai Duong industrial territory into Hai Phong’s new economic-zone architecture.
One of Hai Phong’s defining advantages is direct access to the Lach Huyen deep-sea port system.
Unlike industrial provinces dependent primarily on trucking containers to distant seaports, Hai Phong allows manufacturers to position production close to a major international maritime gateway.
This matters for:
electronics
automotive exports
machinery
large industrial components
consumer products
containerized manufacturing
regional distribution
The Hai Phong port system handled approximately 213 million tonnes of cargo in 2025, and the city’s 2026 plan targets approximately 238 million tonnes.
For export-oriented FDI, port proximity is not simply a transportation benefit. It can influence inventory requirements, container turnaround, supply-chain resilience and total logistics cost.
Hai Phong combines all major transport modes:
The Hanoi–Hai Phong Expressway provides high-capacity road connectivity between the port city and the national capital.
Connections toward Ha Long and Quang Ninh extend Hai Phong into the northeastern economic corridor, while the expanded western territory provides increasingly direct integration with Hung Yen, Bac Ninh and Hanoi.
Major national highways and coastal corridors further distribute cargo across the Red River Delta and Northern Vietnam.
Hai Phong is Northern Vietnam’s principal maritime gateway, supported by deep-sea terminals, container facilities, river ports, logistics parks and extensive warehousing infrastructure.
Cat Bi International Airport provides passenger and air-transport connectivity directly within Hai Phong.
For international corporate operations requiring broader long-haul aviation connectivity, Noi Bai International Airport in Hanoi remains accessible through the regional expressway network.
The Hanoi–Hai Phong railway provides an existing rail connection between the capital and the port city.
Future modernization of northern freight and port rail infrastructure could further strengthen Hai Phong’s role as a multimodal logistics gateway.
Hai Phong’s dense river system creates additional opportunities for inland waterway transport, bulk cargo and multimodal logistics.
One of the most significant changes to Hai Phong’s investment proposition is the authorization of a Hai Phong Free Trade Zone under Resolution No. 226/2025/QH15, effective July 1, 2025.
The framework allows the Free Trade Zone to be associated with the Dinh Vu–Cat Hai Economic Zone and the Southern Hai Phong Coastal Economic Zone and to include production, port and port-logistics areas, logistics centers, commercial and service functions and other designated zones.
Priority fields include:
Semiconductors & integrated circuits
Electronic components and chips
Information technology
Biotechnology
Advanced materials
Automation
High-tech supporting industries
Strategic industries
R&D and innovation centers
Energy infrastructure
Digital infrastructure
Logistics centers and inland container depots
This framework potentially elevates Hai Phong from a manufacturing-and-port location into a more sophisticated international trade, technology and logistics platform.
For qualifying investments within the Hai Phong Free Trade Zone, Resolution No. 226/2025/QH15 establishes a package of incentives significantly stronger than conventional location-based promotion.
Qualifying investment projects in the Free Trade Zone may receive:
full exemption from land rent and water-surface rent for the entire lease term, subject to statutory exclusions including housing and certain commercial/service land projects.
For qualifying new or expansion projects in designated priority sectors:
10% corporate income tax for 30 years
4-year corporate income tax exemption
50% reduction for the following 9 years
followed by a 15% tax rate after the preferential period, subject to applicable statutory conditions.
Other qualifying investment projects within the Free Trade Zone may receive:
10% corporate income tax for 15 years
4-year exemption
50% reduction for the following 9 years,
followed by the applicable preferential treatment specified under the special framework.
Eligible enterprises may deduct an amount equivalent to 200% of actual R&D expenditure when determining taxable corporate income, subject to applicable accounting and tax requirements.
Qualified foreign experts, scientists, managers and highly skilled workers working within the Free Trade Zone may benefit from special immigration and residence mechanisms, including long-term temporary residence arrangements under the Resolution’s framework.
Resolution 226 also provides a 50% personal income tax reduction for 10 years for qualifying experts and high-skilled personnel working within the Free Trade Zone.
Functional areas satisfying statutory non-tariff-zone requirements may receive customs and tax treatment applicable to non-tariff zones, supporting international manufacturing, distribution and cross-border trade models.
Priority projects in fields including semiconductors, R&D, high technology, automation, advanced materials, energy infrastructure and logistics may access special simplified investment procedures under the new framework.
Important for investors: eligibility is project-, location-, sector- and timing-specific. Incentives should therefore be legally verified against the project’s IRC structure, land location, business lines and applicable regulations before investment decisions are made.
Hai Phong’s industrial strength is increasingly based on clusters, not isolated factories.
Large-scale electronics investment has created demand for:
The Cat Hai industrial area and VinFast ecosystem have positioned Hai Phong as an important Vietnamese automotive and electric-mobility manufacturing center.
This creates opportunities across:
EV components, battery-related supply chains, electronics, mechanical components, tooling, automation, plastics and supporting industries.
The combined Hai Phong–former Hai Duong manufacturing base provides a substantial ecosystem for mechanical engineering, metalworking, machinery and industrial components.
Port throughput, industrial expansion and international trade continue to create demand for:
warehouses, distribution centers, cold storage, bonded logistics, container yards, 3PL, freight forwarding and supply-chain technology.
Energy security is becoming increasingly important for high-load industrial investment.
Hai Phong is expanding its energy infrastructure while promoting cleaner industrial development. Major energy projects, including the Hai Phong LNG power project, form part of the city’s long-term strategy to strengthen energy capacity and support industrial growth.
Industrial parks increasingly compete not simply on land price, but on:
power reliability
substation capacity
renewable-energy options
wastewater treatment
water supply
environmental compliance
ESG readiness
These factors should be evaluated at individual industrial-park and project level.
With approximately 4.66 million residents following the merger, Hai Phong has a substantially larger labor and consumer base than before.
The merger combines Hai Phong’s urban, maritime and industrial workforce with the established manufacturing labor base of former Hai Duong.
This supports industries requiring:
production operators
technicians
engineers
logistics personnel
quality-control specialists
industrial managers
supporting-industry workers
Hai Phong’s 2026 development plan targets 39% of workers having formal degrees or certificates, alongside continued improvements in productivity and technology-intensive manufacturing.
Hai Phong’s competitiveness is increasingly institutional as well as infrastructural.
The city has performed strongly in Vietnam’s provincial competitiveness, administrative reform, green development and digital transformation indicators.
Following the merger, Hai Phong is also implementing a two-tier local-government model across its 114 wards, communes and special zones, while Resolution 226 provides additional authority and mechanisms intended to accelerate investment and infrastructure development.
For multinational investors, the significance lies in the combination of:
established FDI experience + large-scale infrastructure + industrial-zone administration + special economic mechanisms + international trade orientation.
TTTFIC identifies particularly strong opportunities in Hai Phong for:
The strongest investment locations will vary significantly by project.
A semiconductor-supporting manufacturer may prioritize infrastructure quality, clean production and engineering talent, while a heavy export manufacturer may prioritize port distance, power capacity and container logistics.
Site selection must therefore follow the project’s operational model — not simply the lowest land price.
Hai Phong offers an unusually powerful combination:
Deep-sea port access — direct international maritime connectivity.
Large industrial ecosystem — coastal and inland manufacturing clusters within one city.
Established FDI base — approximately US$54 billion in registered FDI across active projects as of mid-2026.
Export scale — approximately US$50.14 billion in exports in 2025.
Strong growth — more than a decade of consecutive double-digit GRDP growth through 2025.
Hanoi connectivity — direct expressway access to the national capital.
Northern supply chains — connectivity to Bac Ninh, Hung Yen, Quang Ninh and the wider Red River Delta.
Industrial diversity — electronics, automotive, machinery, supporting industries, logistics and high technology.
Economic-zone infrastructure — Dinh Vu–Cat Hai, Southern Hai Phong Coastal Economic Zone and the new Specialized Economic Zone.
Free Trade Zone mechanisms — potentially transformative incentives for qualifying investors under Resolution 226/2025/QH15.
Hai Phong’s transformation is larger than an administrative merger.
The consolidation of Hai Phong and Hai Duong creates an integrated economic territory stretching from deep-sea terminals on the Gulf of Tonkin through major coastal manufacturing clusters to an extensive inland industrial belt approaching Hanoi and Bac Ninh.
That changes the investment equation.
Manufacturers can now evaluate factory sites, suppliers, labor, logistics, ports, industrial parks and expansion options across a much larger production geography while remaining within one centrally governed city.
For companies serving global markets, Hai Phong offers something increasingly valuable:
This is the central investment thesis of Hai Phong in 2026.
TTTFIC Group supports foreign investors throughout the industrial investment lifecycle in Hai Phong and across Vietnam.
Our services include:
Industrial land sourcing
Ready-built factory and warehouse leasing
Built-to-suit factory solutions
Operating factory acquisition and M&A
Industrial real estate investment
Site selection and comparative location analysis
Industrial park screening
Investment licensing support
IRC/ERC coordination
Environmental and fire-safety coordination
Legal and transaction support
Factory design & construction coordination
Industrial due diligence
Negotiation and transaction management
Market-entry and supply-chain advisory
For foreign manufacturers, TTTFIC’s role is not simply to identify available land.
We evaluate whether a location is commercially, technically and legally suitable for the investor’s actual production model.
For confidential industrial investment opportunities in Hai Phong, contact TTTFIC Group.
