Expanding Horizons: The Growth of DEEP C Industrial Zones in Hai Phong
Introduction to DEEP C Industrial Zones
In the heart of Vietnam’s northern port city of Hai Phong lies the DEEP C Industrial Zones, a bustling hub for industrial development and economic growth. Managed by the Belgian developer and operator DEEP C, this complex is not just a collection of industrial parks but a strategic model for sustainable urban industrialization. As the zones celebrate their 25th anniversary, the demand for industrial land continues to surge, leading to plans for rapid expansion.
Current Land Availability and Demand
Bruno Jaspaert, the General Director of DEEP C, recently highlighted the pressing need for expansion due to increasing investor interest. The zones currently have 1,840 hectares of industrial land, but the demand has surged to approximately 2,000 hectares. “This means we have to quickly expand to meet the demand,” Jaspaert stated during a seminar. This increasing demand highlights not only the vibrant economic landscape of Hai Phong but also the strategic importance of industrial land for future developments.
Commitment to Sustainable Development
One of DEEP C’s distinguishing features is its commitment to sustainable practices. The zone is transitioning to an eco-industrial park model, guided by sustainable development criteria set by the United Nations Industrial Development Organization (UNIDO). Being one of five parks selected for this pilot program illustrates DEEP C’s dedication to not just attracting investment but doing so responsibly and sustainably. This focus on sustainability positions DEEP C as a model for other industrial zones in the region.
Strategic Location and Infrastructure
DEEP C Industrial Zones encompass five industrial parks that are strategically linked to essential infrastructure. The proximity to Lach Huyen deep-water port, Cat Bi International Airport, and an extensive expressway system highlights the zone’s connectivity, forming a backbone for the northern region’s infrastructure. With nearly 140 investment projects amounting to a remarkable $5 billion, the region is rapidly evolving into an industrial powerhouse.
Investment Opportunities and Economic Potential
Le Trung Kien, head of the Hai Phong Economic Zone Authority, emphasized the city’s commitment to welcoming investments that incorporate modern technology and yield high added value. The current focus on developing traffic infrastructure, especially modern seaport and logistics facilities, indicates a clear direction towards enhancing Hai Phong’s role on the global economic stage.
Expanding the Industrial Landscape
Currently, Hai Phong boasts a total of 14 industrial parks covering 6,100 hectares, alongside the Dinh Vu-Cat Hai Economic Zone, which spans an impressive 22,540 hectares. So far, the city has attracted a staggering 947 investment projects valued at approximately $23 billion. This economic growth not only strengthens Hai Phong’s industrial capabilities but also enhances its attractiveness as a hub for international businesses looking to establish a foothold in Vietnam.
Conclusion
As DEEP C Industrial Zones continue to expand and evolve, their role in shaping the economic landscape of Hai Phong and Vietnam at large becomes increasingly significant. The blend of strategic investment, sustainable practices, and strong infrastructure positions the region as both a local industrial hub and a key player in global supply chains. The journey of DEEP C highlights the potential for future growth in industrial zones around the world, driven by innovation and commitment to sustainable development.