The Hai Duong Industrial Parks Management Board has set a target of attracting $1 billion in foreign direct investment (FDI) and VND8.5 trillion ($337.6 million) in domestic investment in 2025.

The province’s industrial parks will focus on attracting projects with high technology content and modern manufacturing applications, thus achieving a high investment rate per unit of industrial land. The minimum investment rate is set at $9 million per hectare, thus ensuring efficient land and labor use, while average monthly income of workers must be higher than the average monthly wage in the region surrounding the province.

In 2024, industrial parks in Hai Duong attracted 50 new foreign direct investment (FDI) projects with a total registered capital of $410 million.

As part of its FDI attraction strategy, Hai Duong province will prioritize key industries, including semiconductor integrated circuit manufacturing, technology design and component fabrication, integrated electronic circuits, flexible electronics, semiconductor materials, and other high-tech products.

According to the Master Planning for the development of Hai Duong for the period 2021-2030, with a vision to 2050, approved by the Prime Minister, the province will have a total of 32 industrial parks on a combined area of ​​about 5,661 hectares.

Currently, the province has established 17 industrial parks, with a total detailed planning area of about 2,738 hectares, achieving an average occupancy rate of 62.06 per cent.

According to figures from the Ministry of Planning and Investment, in 2024, Hai Duong attracted $816.88 million in FDI, ranking 15th among 63 centrally-run cities and provinces nationwide, in terms of registered FDI capital.