Nam Dinh – a province with strong industrialization potential in the Red River Delta – is poised for a significant transformation with the groundbreaking of Hai Long Industrial Park (VSIP Nam Dinh), scheduled for the third quarter of 2025. With a total investment of nearly VND 2,250 billion, this project promises to become a new growth engine driving the province’s socio-economic development.
A Strategic Investment Boost from VSIP – A Symbol of Modern Industrial Park Success
On March 6, 2025, the People’s Committee of Nam Dinh Province officially approved the investment policy for the Hai Long Industrial Park Phase 1 project through Decision No. 577/QD-UBND. The project is spearheaded by the Vietnam Singapore Industrial Park and Township Development Joint Stock Company (VSIP) – a prestigious brand known for developing model industrial parks across the country.
Covering an area of approximately 180 hectares in Giao Long and Giao Chau communes, Giao Thuy district, the project involves a total investment of VND 2,249.345 billion, with VND 337.402 billion in contributed capital from the investor. More than just a modern infrastructure development initiative, Hai Long Industrial Park aims to spark a wave of investment into Nam Dinh’s coastal region.
Clear Roadmap – Accelerated Infrastructure, Defining the Future
The project is expected to commence construction in Q3 or early Q4 of 2025 and complete its entire technical infrastructure by Q4 of 2027. The industrial park will operate for a duration of 50 years from the date the land lease is officially granted by the State.
Under the direction of the provincial government, relevant departments and the Management Board of Industrial Parks will work closely with the investor throughout the project’s lifecycle. Their collaboration will ensure on-schedule capital contributions, adherence to land use planning, compliance with environmental protection laws, cultural heritage preservation, and construction regulations.
Commitment to Responsibility – Legal Compliance and Community Consensus
VSIP Nam Dinh bears full legal responsibility for the accuracy and legitimacy of its project documentation and investment capacity. It also commits to:
• Strict compliance with Decree No. 112/2024/ND-CP regarding rice cultivation land.
• Proper and timely use of its equity capital as pledged.
• Completion of all procedures relating to environmental protection, water resources, and irrigation.
• Financial obligation guarantees through escrow or bank guarantees.
Importantly, the investor will coordinate closely with the Giao Thuy District People's Committee in land clearance efforts, ensuring local residents' rights are respected and bearing all associated risks and costs during the land recovery process.
Vision to 2050 – Nam Dinh Shapes a New Industrial Landscape
According to Nam Dinh Province’s development plan for the 2021–2030 period, with a vision to 2050, the province will expand its industrial base by establishing 10 new industrial parks across its 9 districts and cities, in addition to the current Ninh Co Economic Zone and six operational parks. Hai Long Industrial Park will serve as a cornerstone for this expansion, facilitating economic restructuring, creating tens of thousands of jobs, and enhancing the province’s competitiveness in an increasingly integrated global market.
With strong governmental commitment, determined investors, and a strategic long-term vision, Hai Long Industrial Park (VSIP Nam Dinh) is set to become a prime destination for both domestic and international enterprises.