Tuesday, March 23, 2021

ANALYSIS/OPINION:

The first DEEP C Industrial Park was established in 1997 in Hai Phong, the northern port city that has now become one of Vietnam’s top Foreign Direct Investment (FDI) locations. Started as a collaboration between local governments and European investors, DEEP C has now grown to 5 industrial parks and zones covering 3400 hectares in both Haiphong and its coastal neighbor Quang Ninh province.

The industrial parks are all located in the strategic Red River delta, next to big seaports and the gateway to the North of Vietnam. “We are the only European-managed industrial parks in Vietnam and we offer the highest standard in operational services” said Mr. Koen Soenens, General Sales and Marketing Director of DEEP C Industrial Zones. “We are a one-stop-shop solution providing not only land for our tenants but also utilities, assistance with business licensing, tax, fiscal as well as legal issues” he added. DEEP C has developed its own electricity grid of the highest standards with consistent and stable power generation and minimum power cuts. It also invests heavily in renewable energy, ISO certified waste-water treatment plants and waste collection. “We aim to be the most sustainable industrial park developer in Vietnam, not only for the environment but also taking into account the socio-economic impact on the people of Vietnam” said Soenens. “We will become a benchmark for other industrial zones in Vietnam for the future”.


The North of Vietnam with a solid infrastructure and unparalleled connectivity is now attracting US companies following the implementation of China plus one policy. “Quang Ninh and Hai Phong are located across the border with China. It is the easiest, fastest and the most economical solution for companies looking to relocate from China or even supplement their production there” explained Soenens. “DEEP C industrial zones are the region’s premium industrial solutions, focused on quality of Western standards and can accommodate even the most high-end, high-tech and added-value US manufacturers” he highlighted.

Anticipating the growing interest from the US, DEEP C has established representation in the country since last year and is already working in the background to get ready for the expected post-pandemic FDI boom in Vietnam.


Copyright © 2021 The Washington Times, LLC.