The restructuring of Hai Phong’s spatial development model, coupled with a new set of special policy mechanisms, is expected to provide fresh momentum for industrial growth and attract a new wave of investment into the port city.

A new spatial structure for growth

Following decisions by the Prime Minister on economic zones and the launch of the Hai Phong Free Trade Zone under the theme “Creating New Growth Spaces”, Hai Phong is taking steps to establish a new spatial framework for economic development.

The city has established a specialised economic zone and approved the Master Plan for the Southern Hai Phong Coastal Economic Zone through 2050 under Decision No. 431/QD-TTg. 

At the same time, Hai Phong is gradually expanding its  industrial and service space westward, covering around 5,300 hectares associated with the former Hai Duong area. The area is expected to become a new industrial growth pole, strengthening links with existing production centres while focusing on supporting industries, precision engineering, and high-tech manufacturing.

The western area also benefits from its connectivity to major economic corridors, production centres, and logistics networks across the Northern Key Economic Region.

This development direction reflects Hai Phong’s shift from an industrial growth model largely based on expanding industrial land to a more integrated ecosystem combining manufacturing, logistics, and services, with a greater focus on value creation.

For investors, industrial land is no longer the only consideration. Supply-chain connectivity, infrastructure quality, logistics, human resources, environmental standards, and the speed at which projects can be brought into operation are becoming increasingly important factors in investment decisions.

Against this backdrop, industrial parks with ready infrastructure, green development orientations, and strong supply-chain connectivity – particularly those located in western Hai Phong – are expected to play a greater role in attracting new manufacturing investment.

Among them, An Phat 5 Industrial Park (Luong Dien – Ngoc Lien) is positioning itself to capture a share of the city’s emerging investment flows.

From new development space to new opportunities

With a target GRDP growth rate of 13 per cent in 2026, Hai Phong is stepping up efforts to remove investment bottlenecks, accelerate transport infrastructure development, improve the business environment, and attract high-tech FDI.

Resolution No. 226/2025/QH15 on Piloting Certain Special Mechanisms and Policies for the Development of Hai Phong City provides an additional policy framework covering investment, finance and state budget management, planning, science and technology, and the establishment and operation of the city’s Free Trade Zone.

Under the resolution, enterprises implementing eligible high-tech investment projects may enjoy a corporate income tax rate of 10 per cent for 20 years, together with a four-year tax exemption and a 50 per cent reduction in corporate income tax for the following nine years, subject to applicable regulations.

These mechanisms are expected to strengthen Hai Phong’s ability to compete for high-quality investment, particularly in high-tech manufacturing and industries that can contribute to the development of local and regional supply chains.

For industrial park developers, meanwhile, the competitive landscape is also changing, shifting from simply “having land” to “being able to help investors deploy projects quickly and operate efficiently”.

Having available land is no longer enough. Investors increasingly expect clearly planned land, ready infrastructure, reliable transport connections, efficient logistics, and support that can help shorten the time from investment approval to factory construction and commercial operation.

An Phat 5: Capturing new supply-chain opportunities in western Hai Phong

Within An Phat Holdings’ ecosystem, An Phat 5 Industrial Park (Luong Dien – Ngoc Lien) covers 150 hectares and is connected to National Highway 38 and National Highway 5.

The project was approved for investment policy by the Prime Minister under Decision No. 1008/QD-TTg dated August 31, 2023, with an operating term of 50 years through 2073.

As of September 2026, the park’s essential infrastructure has been largely completed, enabling clean land plots to be gradually handed over to investors for factory construction. The entire infrastructure system is expected to be completed in 2026, with the park targeting integrated operations from the first quarter of 2027.

Located along Hai Phong’s western development corridor and within the Hanoi – Hai Phong – Quang Ninh economic triangle, An Phat 5 offers connectivity to key transport infrastructure, manufacturing centres, and logistics hubs across northern Vietnam.

An Phat 5 IP is approximately 12 kilometres, or around 20 minutes by road, to Gia Binh International Airport. It is around 65 kilometres to Hai Phong Port, with a travel time of approximately 1.5 hours, and around 55 kilometres to Noi Bai International Airport, or about one hour by road. Major economic centres such as Bac Ninh and Hung Yen are also within roughly one hour’s drive.

For manufacturers, connectivity is measured not only in kilometres but also in the time and cost required to move raw materials into factories, deliver finished goods to ports, and access supplier networks.

With its strategic location, developing infrastructure, and access to major transport routes, An Phat 5 Industrial Park (Luong Dien – Ngoc Lien) is positioning itself to compete for a new generation of high-tech FDI projects and become an important industrial and supply-chain gateway in western Hai Phong.