DEEP C’s Hai Phong Industrial Park Complex has been approved to add an additional US$169 million to the project, increasing its total investment to US$286 million, according to an announcement from the Hai Phong City People’s Committee. It’s hoped this expansion will bolster the park’s ability to attract major investors, adding to its existing roster of notable tenants like Pegatron, Vietnam Advance Film Material, Core5, Posco, and Pyeonghwa Automotive. These companies represent a combined capital of US$5 billion.
Of note, DEEP C Industrial Zones, a Belgian developer and operator of industrial zones and port infrastructure, has played a pivotal role in transforming northern Vietnam’s economic landscape. Established in 1997 through a collaboration between Belgian investor Rent-A-Port and the Haiphong People’s Committee, DEEP C has since expanded to five industrial zones covering 3,400 hectares across Haiphong city and Quang Ninh province.
Strategically located near international airports, deep seaports, and expressway networks, DEEP C provides industrial land, ready-built facilities, port services, and renewable energy solutions.
Prominent investors in DEEP C’s industrial projects include Bridgestone, Knauf, Idemitsu, Chevron, and Tesa. With the latest capital injection, DEEP C is set to further enhance its infrastructure and attract more large-scale international investors, solidifying its role as a critical driver of Vietnam’s industrial growth.
See also: Manufacturing in Vietnam: Ultimate Guide