Invest in Hai Phong & Quang Ninh

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Why Vietnam?

DEEP C started our presence in Vietnam since 1997, with our projects located in strategic locations in the North of Vietnam, Hai Phong and Quang Ninh, the heart of economic, infrastructure and industrial development in North Vietnam.

Access to markets

  • Domestic market 100+ mio. people with fastest-growing middle-class population in ASEAN.
  • Adjacent to China & India – markets with high demand for tech products.
  • Access to 3.7 bio. people within 3,500km – approx. 5 hours of shipping, or 5 hours flying time

One of the most open and fastest-growing economies

  • 18 active and planned bilateral & multilateral Free Trade Agreements.
  • Top 15 developing countries attracting the most FDI globally.
  • GDP growth of 8-10 percent.
  • Inflation under control: <4% since 2015.

Competitive operational cost

  • Low electricity price.
  • Competitive labor cost and tax rates.

Governmental support & commitment

  • Comprehensive reforms with Ministerial overhaul & Political structure streamline aimed to reduce administrative burdens by 30%
  • Net Zero commitment by 2050

Competitive labour force

  • Abundant and hardworking.
  • Average age of 32 years old.
  • 40% of science and engineering graduates with high technical knowledge.

Stable social and political climate

Strong infrastructure spending

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Northern key economic region

Hai Phong and Quang Ninh are strategically located in northern key economic regions, at the strategic nexus where the most critical economic corridors of Northern Vietnam converge.

Why Hai Phong?

Hai Phong is the economic engine of the Red River Delta, offering a gateway to global markets.

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  • Top-Ranked Governance: Hai Phong earned the top spot in the 2024 Provincial Competitiveness Index (PCI), reflecting its commitment to transparent, efficient business environment.
  • Rapid Economic Growth: With an average GDP growth of over 10% for the past decade, Hai Phong is a powerhouse of sustained economic momentum.
  • Maritime Gateway: The city is Northern Vietnam’s main international port for over a century, featuring the Lach Huyen deep-water port for direct global shipping.
  • Integrated Transportation Hub: A complete transportation network, including seaports, expressways, international airport, railways, and inland waterways, ensures seamless connectivity.
  • Advanced Manufacturing & R&D: Hai Phong attracts leading global players in electronics, automotive, and high-tech industries, fostering an ecosystem for innovation.
  • A Mega-Regional Economic Hub: The merger of Hai Phong with Hai Duong province creates a new mega-city, offering investors a larger land bank, an abundant workforce of over 4 million people, and a more comprehensive supply chain network.

Why Quang Ninh?

Quang Ninh is a leader in governance and a strategic gateway to China, making it the perfect
complementary location for businesses to diversify manufacturing and supply chains.

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  • Leader in Governance: Quang Ninh topped the PCI rankings for four consecutive years (2019-2023), demonstrating a long-term commitment to a streamlined and favorable business climate.
  • Gateway to China: Quang Ninh is the only province in Vietnam that shares both a land and sea border with China, providing an advantage for cross-border trade.
  • High-Quality Infrastructure: Quang Ninh has invested heavily in modernizing its transportation network to ensure seamless connectivity to all key economic centers in Northern Vietnam.
  • A Rising Manufacturing Hub: The province is strategically developing into a high-tech manufacturing hub, attracting new-generation FDI projects with state-of-the-art facilities.
  • Proactive Land Development: Quang Ninh is committed to providing a ready supply of clean, leveled land for industrial projects, speeding up investment timelines.