Among them, Bac Ninh, with its location near Hanoi and developed infrastructure, has attracted many large-scale projects from multinational corporations.
In the South, Binh Duong has emerged as an important industrial center, with the participation of many FDI enterprises in the manufacturing and processing sector. However, the North still outperforms in terms of the number and scale of new projects, thanks to its advantages in cost and complete transport infrastructure.
Industrial land rental prices in the North are a big advantage, with an average of about 138 USD/m2, 20% lower than in the South. Specifically, currently in the South, to rent strategic locations in tier 1 areas such as Binh Duong or Ho Chi Minh City, land prices can be up to 300 USD/m2. Meanwhile, in the North, the average rental price is only 180 USD/m2 for tier 1 areas such as Bac Ninh .
Savills assessed that infrastructure in the North is strongly developed, with 10 completed highways and 4 other projects under implementation. Meanwhile, the South only has about 7 highways.
Compared to the South, the North has more economic zones according to the Government's planning, notably the new coastal economic zone in Hai Phong with a scale of more than 20,000 hectares. The North also attracts investment thanks to its competitiveness in labor resources, when the average salary in the South is the highest in the country - about 9.3 million VND.
Source: https://nld.com.vn/cac-khu-cong-nghiep-o-mien-bac-co-nhieu-loi-the-196240827213627734.htm
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