Ninh Binh is emerging as an attractive destination in the North for producers and investors, thanks to the advantage of large industrial land funds, competitive rental prices and sustainable development orientation.
Sharing with Lao Dong reporters, a representative of Cushman & Wakefield Vietnam said that the province currently has 20 operating industrial parks and 53 planned industrial parks, with a total area of more than 12,000 hectares. This is the largest future industrial land fund in the Red River Delta region, and the industrial land rental price is also the lowest, creating a significant competitive advantage for investors.
Cushman & Wakefield emphasizes the potential for developing high-value industries such as mechanics, automobile assembly, electronics, smart manufacturing and artificial intelligence applications. These orientations reflect Ninh Binh's ambition to enhance the industrial value chain, while maintaining its long-standing strength from the textile and garment industry - the traditional economic pillar of the province.
In terms of geographical location, Ninh Binh is located at the southern gateway of Hanoi, conveniently connected to the provinces of the Red River Delta, North Central Coast and Central Coast. The province is located at the intersection of the North-South economic corridors, the coast of the Gulf of Tonkin and East-West, thereby strengthening its role as a logistics and inter-regional trade hub. These factors help Ninh Binh become an attractive choice for investors who want to expand production outside developed industrial centers.
Key projects oriented to become long-term growth drivers include Ninh Co Economic Zone, expected to create a breakthrough in industry and logistics; Ninh Binh High-Tech Park, prioritizing AI, electronics - semiconductors, biotechnology - pharmaceuticals and new materials; along with Nam Cao University Zone, a high-quality human resource training center. Overall, these projects reflect a strategy of combining industrial growth, innovation and human resource development.
Ms. Le Hoang Lan Nhu Ngoc, Senior Director, Head of Strategic Consulting Department of Cushman & Wakefield Vietnam, commented: "Ninh Binh is attracting increasing attention due to many converging factors - from scale, connectivity, land fund ready to be exploited to long-term planning orientation. The province has both short-term competitiveness and long-term strategic potential, especially for manufacturers seeking expansion opportunities outside developed industrial centers.
The goal by 2030 is for Ninh Binh to become a new growth engine of the Red River Delta, while developing high-tech, innovative and sustainable industries. The increasing interest from investors in the context of Vietnam consolidating its position in the regional and global supply chain further affirms the long-term potential of the province.
With a large industrial land fund, competitive rental prices, strategic location and green - modern development orientation, Ninh Binh is shaping the story to become a new bright spot in the Northern industrial map, opening up opportunities for both domestic and foreign investors.
