​Amid a profound global supply chain restructuring cycle, Northern Vietnam continues to record strong investment inflows into high-tech, electronics, and supporting industries.

Geoeconomics – a hard-to-replicate advantage

Savills' latest industrial market report in December 2025 indicates that occupancy rates at key industrial parks in the North remain high, reaching 86%, with an average land price of USD 141/m² per lease cycle.

One of the fundamental factors enabling the North to sustain FDI inflows is its distinctive geoeconomic position. The region is adjacent to China—the world's largest manufacturing hub—facilitating the “China +1" strategy pursued by many multinational corporations.

According to Savills' analysis, this shift does not imply a complete departure from China, but rather a redistribution of production chains to mitigate geopolitical risks and optimize logistics costs. Within this structure, Northern Vietnam emerges as an effective complementary link thanks to its close geographic proximity, convenient road and maritime connectivity, and increasingly improved capacity to absorb projects.

The Hai Phong – Quang Ninh port system serves as a strategic export gateway. In parallel, inter-regional expressways such as Hanoi – Hai Phong, Hanoi – Lang Son, Noi Bai – Lao Cai, and Hai Phong – Ha Long – Van Don – Mong Cai have significantly reduced transportation time for raw materials and finished goods. Noi Bai and Van Don international airports further contribute to completing the logistics chain.

From the perspective of infrastructure developers, a representative of ROX iPark noted that the shift of manufacturing to Vietnam is essentially a supply chain restructuring process. “Investors need a destination that enables quick connections to partners, seaports, and consumer markets, while shortening project implementation timelines," the representative stated.

In this context, industrial parks such as Gia Loc (Hai Phong), Minh Quang (Hung Yen), Que Vo III (Bac Ninh), and Bim Son A (Thanh Hoa), developed by ROX iPark, are emerging as new links in Northern Vietnam's industrial map. Thanks to their advantageous connectivity to seaports, airports, and major production hubs, these projects directly benefit from the supply chain relocation trend.

The race to upgrade industrial parks to new standards

While previous phases saw FDI in the North concentrated in textiles and basic assembly, the current landscape has changed significantly. Savills reports that sectors such as electronics, semiconductors, smart devices, and precision component manufacturing are accounting for an increasing share of new tenants.

The presence of global technology corporations has attracted an ecosystem of satellite enterprises, forming specialized production clusters. This trend imposes higher requirements on industrial park infrastructure: not only sufficient land availability but also stable power supply, renewable energy sources, wastewater treatment, and compliance with ESG standards.

Savills emphasizes that ESG is becoming a mandatory “passport" for many exporters targeting the US and European markets. Investors now require industrial parks to ensure emissions transparency, energy-saving solutions, and clear green transition roadmaps.

These requirements are driving a competitive race among industrial park developers to upgrade infrastructure, from technology-based operational management to clean energy solutions and ESG compliance.

In line with this trend, ROX iPark is among the infrastructure developers actively promoting the smart industrial park model, integrating digital operation management across multiple projects. In addition, the company collaborates with partners to provide comprehensive Solution Packages for investors, covering legal, construction, financial, and asset management services.

According to ROX iPark representatives, many SMEs from Taiwan, China, South Korea, Singapore, and Japan often face challenges related to legal procedures, market understanding, and initial operational setup when investing abroad for the first time. To address this, industrial parks are being planned with flexible land sizes for small and medium-sized enterprises, while integrating the “Solution Package" model that connects infrastructure with financial, legal, and operational services.

Accordingly, enterprises can simultaneously access solutions spanning infrastructure development, banking, and asset management within an integrated ecosystem.

As global capital flows continue to shift toward safety and sustainability, localities and infrastructure developers that stay ahead in operational standards, technology, and legal frameworks will maintain a competitive edge. Northern Vietnam, with its distinctive geoeconomic foundation and the increasingly proactive participation of developers such as ROX iPark, is demonstrating its ability not only to attract but also to retain high-quality FDI—an essential factor in elevating Vietnam's position in the global value chain.