Ranked among the top 5 centrally-governed cities, Hai Phong is a vibrant economic, cultural and educational center of the North. With its position as an international trade gateway and the third largest seaport in the country, Hai Phong is increasingly attracting the attention of investors. In particular, the remarkable development of the global logistics industry has created a feverish demand for warehouse for rent in Hai Phong.
Port Infrastructure: Important factor when choosing a warehouse for rent in Hai Phong
Hai Phong is striving to become a leading logistics center by investing heavily in port infrastructure. Lach Huyen Port has been expanded with 4 new wharves, bringing the total number of seaports in the city to 5 with 98 wharves, capable of receiving large ships.
Infrastructure in Hai Phong is focused on methodical and professional investment
Not only seaports, the road traffic system is also focused on connecting ports with industrial parks, service areas, inland ports and neighboring provinces, as well as the two economic corridors Vietnam – China. In the past 5 years, many important traffic projects such as Hanoi – Hai Phong expressway, Tan Vu – Lach Huyen bridge, Hai Phong – Ha Long expressway have been completed, creating great convenience for transporting goods.
In addition, Cat Bi airport has been upgraded to international 4E standards, welcoming a large number of aircraft and passengers each year.
Comprehensively develop your business when choosing warehouse for rent in Hai Phong
Hai Phong is emerging as a vibrant economic center in Northern Vietnam. In 2024, the city aims to attract 2-2.5 billion USD in foreign direct investment (FDI). In just the first half of January 2024, Hai Phong attracted 150 million USD of FDI, proving the attractiveness of the investment environment here.
Hai Phong is a suitable location for businesses that need to rent warehouses
Industrial parks and economic zones play an important role in Hai Phong’s economic development. In 2023, total investment capital in these areas will reach 4.5 billion USD, of which 3.5 billion USD is FDI from 62 new projects and 37 capital increase projects. The average occupancy rate of 14 existing industrial parks reached 63.25%, showing high demand for production space.
Hai Phong is promoting the expansion of industrial parks to attract more FDI, with plans to build 15 new industrial parks. The city also focuses on sustainable development, converting traditional industrial parks into ecological industrial parks, towards a circular economic model.
Hai Phong’s investment attraction policy
GNP Nam Dinh Vu Industrial Center
Hai Phong is leading the country in attracting foreign direct investment (FDI). The city not only focuses on developing infrastructure but also improving the business investment environment. The Hai Phong Economic Zone Management Board is actively creating favorable conditions to attract large investors, especially high-tech projects, to promote sustainable economic growth.
The government also supports businesses operating in Hai Phong through land tax and corporate income tax incentives. Hai Phong is expanding industrial parks to attract more FDI, with plans to build 15 new industrial parks. At the same time, the city also focuses on sustainable development by converting traditional industrial parks into ecological industrial parks, moving towards a circular economic model.
Development prospects of the warehouse for rent in Hai Phong
Only in May 2024, Hai Phong industry is recorded to continue its strong growth momentum. The industry-wide production index is estimated to increase by 17.5% over the same period last year. Notably, the computer, toy, agricultural machinery, paper and packaging manufacturing industries maintained impressive growth since the beginning of the year (according to Hai Phong City Statistics Department).
The development of these industries has boosted the demand for warehouse rental in Hai Phong. Businesses are actively looking for warehouse space to meet increasingly diverse production and business needs.
Conclude
With achievements and potential for future development, Hai Phong is increasingly asserting its position as one of the most attractive destinations for domestic and foreign investors, especially in the fields of industry and logistics. Possessing a strategic geographical location and modern infrastructure, Hai Phong brings many competitive advantages to businesses, especially in choosing warehouse for rent in Hai Phong to optimize business operations and development.
>>> See more: 10 things to consider when choosing a warehouse for lease in Vietnam
