KCN VIETNAM BREAKS GROUND ON KCN PHUC DIEN – HAI PHONG, ENHANCING MODERN READY-BUILT FACTORY AND WAREHOUSE SUPPLY IN NORTHERN VIETNAM
Hai Phong City, March 05, 2026 – KCN Vietnam officially held the groundbreaking ceremony for the KCN Phuc Dien – Hai Phong project at Phuc Dien Expansion Industrial Park in Ke Sat Commune, Hai Phong City (formerly Hai Duong Province). The project covers a total area of 18.7 hectares and is expected to deliver more than 116,000 square meters of leasable floor area. Upon completion, it will contribute to the supply of modern industrial facilities in the Northern Key Economic Region, supporting both domestic and foreign manufacturers in entering and expanding their operations in Vietnam.
The groundbreaking ceremony of the KCN Phuc Dien – Hai Phong project marks KCN Vietnam’s fourth development in Northern Vietnam, further expanding its project portfolio and reaffirming its commitment to supporting local industrial growth.
KCN Phuc Dien – Hai Phong represents the fourth major project developed by KCN Vietnam in Northern Vietnam, demonstrating its development capabilities and commitment to investing in industrial infrastructure in the region. This milestone further completes KCN Vietnam’s portfolio, ecosystem of ready-built factories and warehouses across key industrial hubs, contributing to sustainable industrial growth in Northern Vietnam.
KCN Vietnam’s latest project is being deployed amid robust growth in the Northern industrial real estate market. According to CBRE’s 2026 Vietnam Real Estate Market Outlook, the supply of ready-built factories surged during the 2024 – 2025 period, reaching a threshold of 700,000 m² in 2025 with impressive occupancy rates. This is particularly evident in Tier 1 locations like Hai Phong, which recorded occupancy levels of 75.4% for ready-built warehouses and 85.8% for ready-built factories.
This momentum is underpinned by Hai Phong’s role as a key gateway for foreign direct investment in Northern Vietnam. As of the end of 2025, the city recorded 1,768 active FDI projects with total registered capital exceeding USD 50 billion, alongside GRDP growth of 11.81%. The processing and manufacturing sector continues to serve as the principal driver of economic expansion. Within the former Hai Duong area, industrial development is characterized by a concentration in electronic components, precision engineering, and supporting industries. The area benefits from a long-established manufacturing base and an extensive network of satellite enterprises, which collectively generate sustained demand for standardized, ready-built production facilities.
Ms. Nguyễn Thị Thúy Hằng, Deputy Head of the Hai Phong Economic Zone Authority (HEZA), welcomed KCN Vietnam’s investment efforts and expressed HEZA’s expectation that the project will help expand the supply of ready-built warehouses and factories, supporting the city’s industrial development.
Strategically located along the Hanoi – Hai Phong economic corridor with convenient connectivity to international seaports and airports, the project offers tenants logistical advantages and access to a well-established industrial workforce within the region. The development is structured with a balanced product mix of ready-built factories and ready-built warehouses to accommodate diverse manufacturing and storage requirements. The project is developed with a strong focus on construction quality, incorporating fire safety measures and environmental standards, including planned green areas, to support stable and long-term operations for tenants.
Mr. Hardy Diec, Chief Operating Officer of KCN Vietnam, stated: “Building on the momentum of our Northern projects, KCN Phuc Dien – Hai Phong reflects our continued commitment to strengthening the region’s industrial infrastructure capacity. In 2026, we will concentrate our resources on key industrial hubs with strong connectivity and established manufacturing ecosystems, including Dong Nai, Ho Chi Minh City (formerly Binh Duong), Bac Ninh, etc. Beyond delivering modern ready-built factory and logistics solutions, we are advancing the adoption of green building practices and optimizing design standards to support investors in enhancing operational efficiency and long-term competitiveness within the global supply chain.”
KCN Phuc Dien – Hai Phong represents the latest step in KCN Vietnam’s long-term strategy to develop modern industrial infrastructure nationwide, thereby continuing to unlock industrial potential and promote sustainable economic growth in Vietnam.
The KCN Phuc Dien – Hai Phong project, once completed, is expected to provide more than 116,000 square meters of ready-built warehouses and factories for lease, helping meet the growing demand from manufacturing and logistics enterprises in Northern Vietnam.
ABOUT KCN VIETNAM
Established in 2021, KCN Vietnam is a professional industrial property developer in Vietnam. To date, its project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically situated in industrial zones across Southern and Northern Vietnam, including DEEP C, Phuc Dien & An Phat (Hai Phong), Thuan Thanh 3B & Tan Hung (Bac Ninh), Ho Nai (Dong Nai), Phu An Thanh (Tay Ninh), Song Than 3 (Ho Chi Minh City), with a total land bank exceeding 300 hectares.
KCN Vietnam’s mission is to develop, design, and manage industrial and logistics infrastructure to meet the growing demand for high-quality industrial real estate for lease, while supporting businesses and promoting Vietnam’s sustainable growth.
Looking ahead, KCN Vietnam aims to expand its investment portfolio to become the leading industrial real estate platform in Vietnam. Its long-term vision is to position itself as the top choice for businesses, playing a pivotal role in Vietnam’s emergence as a sustainable industrial hub on the global stage.
KCN Vietnam has been recognized as the Best Industrial Real Estate Developer by Nhip Cau Dau Tu Magazine for three consecutive years (2023-2025) and was named among the Top 50 Sustainable Development Enterprises in 2024. Additionally, the was listed among the Top 10 Leading Real Estate Developers in Vietnam in 2023 at the BCI Asia Awards.
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