Nam Dinh Vu Industrial Park: A Prime Destination for Singaporean Business Expansion

Nam Dinh Vu Industrial Park is situated in Hai Phong City, Vietnam, within the Dinh Vu - Cat Hai Economic Zone. Spanning more than 1,329 hectares, the park benefits from convenient access to international seaports, airports, and national highways. Its location and developed infrastructure make it a practical option for both domestic and international investors.

Key Highlights of Nam Dinh Vu Industrial Park

- Nam Dinh Vu Industrial Park project is the only industrial park in Vietnam that owns 4 multi-service functional zones.
- Products meet quality standards, located in a prime location of the economic zone.
- Always put the criteria of labor safety, fire prevention, and environmental protection first.
- The policy of supporting businesses with useful services at competitive costs.

Singapore and the Growing Investment Trend in Vietnam

Vietnam has become a strategic destination for Singaporean investors thanks to its stable political environment, competitive labor costs and an expanding consumer market.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment of Vietnam, as of August 31, 2024, Singapore was the largest foreign investor in Vietnam with a total registered capital of more than 6.79 billion USD, accounting for about 33.1% of the total FDI capital in Vietnam in the first 8 months of 2024. This figure increased by 75.5% compared to the same period in 2023. (1)

Hai Phong in particular is a "hot spot" attracting Singaporean businesses in the fields of logistics, manufacturing and services related to seaports. Among them, Nam Dinh Vu Industrial Park stands out as a strategic destination thanks to its prime location right at the gateway to Hai Phong seaport and its unique duty-free zone ecosystem. With this advantage, Nam Dinh Vu has attracted special attention from many foreign investors, including Singaporean enterprises – especially in the fields of logistics.

Strategy for Singaporean Investors

For Singaporean companies looking to invest in Southeast Asia, Nam Dinh Vu Industrial Park is a logical choice with modern infrastructure, good incentives and a convenient geographical location. As ASEAN integration deepens, NDVIP is well-positioned to support businesses in seizing new growth opportunities across Southeast Asia.

vietnam industrial real estate market

Source:

(1). Viet Nam News