That the Da Nang People’s Committee announced the launch of the Hoa Ninh Industrial Park (IP) Infrastructure Investment and Business Project has just created a new step in investment in technical infrastructure development in the city’s economic development.

The Hoa Ninh IP has a scale of 400.02 hectares with a total infrastructure investment of more than VND6,203.5 billion. Photo: Government Electronic Information Portal

With a scale of more than 400 hectares and a total investment of VND 6,204 billion, according to Chairman of the Da Nang People's Committee Le Trung Chinh, the Hoa Ninh IP is not only a large-scale investment project but also a testament to Da Nang's continuous efforts in attracting investment, developing sustainable industry and creating momentum for economic growth.

The project also promotes the supply chain, creates momentum for common development, while creating positive spillovers to other economic sectors such as trade, services, logistics, tourism and aviation. This is also an important step in the strategy to develop Da Nang into an economic - industrial - commercial hub of the central region and the whole country.

The Thanh Binh Phu My JSC from Ba Ria - Vung Tau in southern Viet Nam was approved by the Da Nang People’s Committee as the project’s investor. The company has potential, especially experience in investing in industrial real estate projects. Specifically, the Thanh Binh Phu My JSC is currently the owner of Phu My 3 Industrial Park project (Ba Ria - Vung Tau) with an area of 1,046 hectares that is attracting investment into such aspects as heavy industry, chemicals, medical equipment, pharmaceuticals, food and supporting industry.

The Phu My 3 specialized IP is a key project of the Ba Ria-Vung Tau Province under the programme ‘Economic Development Initiative based on the potential and advantages of Ba Ria-Vung Tau Province - PBEG’ proposed by the Japan International Cooperation Agency (JICA) and is a model IP.

Following the success of Phu My 3 specialized IP in Ba Ria - Vung Tau Province, in February 2025, the Thanh Binh Phu My JSC simultaneously received two investment decisions in two industrial parks, namely the Hoa Ninh IP in Da Nang and Phase 2 of the Vinh Thanh IP in Can Tho City.

Regarding the project in Da Nang, Ms. Nguyen Thi Thao Nhi, the Chairwoman of the Board of Directors and General Director of Thanh Binh Phu My JSC, affirmed that she will mobilise all financial, human and technical resources to implement the the Hoa Ninh IP project on schedule, ensuring quality, efficiency and sustainable development.

With experience from previous projects, the enterprise will cooperate with reputable domestic and foreign partners to build the Hoa Ninh IP into a modern, sustainable one, with an interwoven ecosystem, optimising logistics costs and increasing supply chain connectivity, contributing to Da Nang’s economic growth and affirming its position as an industrial centre of the region.

Thus, the appearance of the Hoa Ninh IP investor has further enlivened the industrial real estate market in the city. The Authority of the Da Nang High-Tech Park and Industrial Zones has just been assigned by the Da Nang People's Committee to select investors through an international open bidding process.

Accordingly, the investment policy Phase 2 of the Hoa Cam IP has a scale of 120.09 hectares and a total construction investment capital of VND 2,246.3 billion, which has been approved by the Prime Minister. Meanwhile, the Hoa Vang District People’s Committee has received a dossier requesting the establishment of Hoa Nhon Industrial Cluster in the namesake commune with an area of 247,522m². The site clearance work for this project has till date been completed.

Mr. Dinh Minh Tuan, the Director of the Southern region of Batdongsan.com.vn, said that localities that form many IPs will attract a large number of workers and experts to live there, creating high demand for residential and rental real estate. Notably in the central region, Da Nang leads the country in terms of interest in land in January 2025. Da Nang still maintains its position as one of the attractive real estate markets thanks to its developed tourism and modern transport infrastructure. Industrial real estate development is a driving force for solid economic growth.

The IP real estate market is considered by analysts to be the brightest and most promising segment in 2025-2026. According to statistics from the Vietnamese Ministry of Planning and Investment, IP real estate currently records a total foreign investment capital of nearly US$31.4 billion.

In addition, legal issues related to IPs are also specifically regulated, such as Decision No. 227/QD-TTg dated March 12, 2024 of the Prime Minister adjusting the land use quota for industrial parks of 63 provinces and cities, creating more room for land fund approval; and land use planning of many provinces and cities is also being quickly completed. Legal bottlenecks are gradually loosening, creating the premise for expanding the supply of IPs for investors.

Reporting by TRIEU TUNG - Translating by A.THU