According to the Foreign Investment Department - Ministry of Planning and Investment, FDI capital as of October 2021 still flows strongly into Vietnam's industrial parks, 1.1% increasing over the same period last year. Among the industrial parks in Vietnam with impressive growth are projects in the fields of electricity, electronics, and thermal power. In addition, nearly 300 projects attracting FDI across the country are being implemented, some industrial parks in Vietnam have effectively applied new models, in line with the development trend of science, technology, and regional economy.
Let's take a look at some effective and potential industrial park models in the future.
In April 2021, Vietnam has about 575 industrial parks under planning, the total natural land area is about 219,500 ha, accounting for 66% of the total land area of the country. In which the industrial land area for lease accounts for 67% of the natural land area. Operating Industrial parks have an occupancy rate of over 70% of the industrial land that can be leased.
The industrial land market has no signs of slowing down in 2021
Among 97 countries and territories investing in Vietnam, Asian countries are the partners that most interested in expanding investment in Vietnam. This means the operation situation of industrial parks and manufacturing industries, in general, remains stable while many other industries are heavily affected by the pandemic.
Previously, the single-function industrial parks only focused on production. Meanwhile, the multi-functional industrial park expands many other aspects such as housing creation, public service development, entertainment services. The aim is to create an industrial lifestyle that includes living, working, resting, and entertaining in sync. Thus, a multi-functional industrial park will be established, creating a new residential area with an industrial rhythm. Currently, the multi-functional industrial park model is the orientation of the country's industrial park development.
The outstanding feature of this kind of industrial park model is the specialization and focus on each separate group of industries and occupations such as the garment industry, the seafood processing industrial park, the pharmaceutical manufacturing industrial park, etc. This also promotes the training of highly specialized human resources. The specialized industrial park has separate infrastructures and preferential policies suitable to the nature of each industry or profession. The industrial parks in Vietnam following the model of specialized industrial parks is not many because of difficulties in the concentration and the transformation.
The 4.0 industrial park model that applies smart technology, 5G network and artificial intelligence results will bring outstanding efficiency in production. Internet and AI artificial intelligence systems, automatic systems will replace humans and bring high production efficiency, accuracy, and stable productivity. Including WHA Industrial Park under Thailand-based WHA Group, which is one of the pioneering businesses operating on digital platforms, applying AI, 5G Network and IoT technologies to their business management. The management model of WHA industrial park provides partners with comprehensive data solutions and intelligent systems of operation.
Several high-tech industrial parks in Vietnam follow the 4.0 technology park, model. Hi-tech Park is a combination of electronics, telecommunications, information technology, automation, biotechnology, new energy and new materials.
This model aims at sustainable development, balancing production and maintaining a green ecosystem, reducing emissions and industrial waste. The eco-industrial park deploys many solutions such as recycling waste, reusing waste after processing, sharing energy among companies in the industrial park.
The eco-industrial park model has been started in 2010. From 2015-2019, the industrial parks in Vietnam have new names converting to eco-industrial park models. The eco-industrial park model is actively supported by the United Nations Industrial Development Organization (UNIDO) and the Ministry of Planning and Investment.
WHA Industrial Zone 1 - Nghe An invested by WHA
WHA is a provider of industrial estate development solutions in Thailand that meets all criteria of an international standard industrial park. WHA Industrial Zone 1 - Nghe An is invested by WHA with international standard infrastructure in the North Central region of Vietnam, capable of linking production, manufacturing, and distributing towards the international and domestic market.
Over 33 years of industrial estate development in Thailand, WHA also provides utilities and power and digital platforms, integrated with traditional solutions. In addition, WHA is also committed to social responsibility for the environment and community when implementing its sustainable development strategy. WHA offers the customers with combined solutions of many new, modern, and green industrial park models with a lot of development potential.