The industrial real estate market continues to maintain its heat on global economic forums. This is a focal point that industrial parks are striving to compete in, attracting large investors both domestically and internationally. However, the potential for developing and supporting industrial parks in Vietnam has become more essential than ever, contributing to promoting investment promotion in constructing main industrial parks.
1. Overview of supporting industrial park development in Vietnam
Developing supporting industrial parks is an important task that contributes to enhancing the competitive capacity of Vietnam’s economy.
1.1. Concept of supporting industrial parks
A thriving industrial sector will contribute significantly to the formation of supporting industrial parks in Vietnam. Supporting industrial parks are where the production of goods and products serving the main industrial production is concentrated. Through this, they attract foreign investment and optimize the process of industrialization and modernization.
1.2. Characteristics of the supporting industrial park model
Supporting industrial parks highlights competitive industries, attracting investment from enterprises due to characteristics such as:
- Regulations on land use: allowing enterprises to lease or buy land according to production needs, helping to expand business scale or scale down production depending on the market and consumption demand.
- Infrastructure standards: building high-quality infrastructure to help enterprises operate efficiently and stably, without interruption due to infrastructure issues.
- Equipped with full public utilities: creating favorable conditions for workers to work and live in the area, supporting enterprises in attracting and retaining talent.
2. Why are Luong Dien 2, and Luong Dien 3 considered Promising Supporting Industrial Park Clusters
In the context of an increasingly competitive real estate market, there are still positive signals of transformation. Among them, the supporting industry has a standing and is indispensable in production and business activities. Therefore, Luong Dien 2 and Luong Dien 3 industrial clusters are considered “Promising” industrial parks attracting a majority of large-scale investors, both domestic and international. The potential of these two supporting industrial parks is capable of strong development in the future.
With the advantage of being adjacent to Luong Dien – Ngoc Liên Industrial Park, Luong Dien 2 and Luong Dien 3 industrial clusters also have convenient geographical locations, high-quality infrastructure, and strong investment from enterprises and the government. This has created conditions for the development of the supporting industry in these two industrial parks. At the same time, it creates employment, increases income for workers, stabilizes the lives of residents, and enhances the economic development of the region.
Luong Dien – Ngoc Liên Industrial Park has 2 industrial clusters Luong Dien 2 and Luong Dien 3, the existence of 2 industrial clusters helps:
- Enhance industry linkage: Industrial clusters concentrate enterprises in the same or complementary industries, creating favorable conditions for cooperation.
- Contribute to environmental protection: Industrial clusters can implement more effective environmental management solutions compared to individual enterprises.
3. 06 Support policies and incentives for supporting industrial park development in Vietnam
Based on the content of the policies stipulated in Article 31 of Decree 35/2022/ND-CP, the policies include:
- Improving the development of the supporting industry to create a stable and favorable environment for enterprises.
- Allocating sufficient funding and resources to help the supporting industry develop sustainably and effectively.
- Developing the domestic value chain to create added value for the Vietnamese economy.
- Developing and protecting the domestic market for supporting industrial products to increase profits and protect resources for enterprises.
- Training, enhancing capacity and qualifications for enterprises to improve production and business efficiency.
- Linking with downstream partners to help enterprises expand markets and enhance industry competitiveness.
Developing the supporting industry is one of the key tasks of Vietnam at the present stage. With proper orientation and the efforts of the government, enterprises, and people, the supporting industry of Vietnam promises to have strong development steps in the future, contributing to increasing profits in the production chain and promoting sustainable development for supporting industrial parks.
References:
- Reference documents – Source: LAW LIBRARY
- Reference documents – Source: VIETNAM MINISTRY OF INDUSTRY AND TRADE
