Driving Innovation to Boost Investment in Vietnam's Industrial Park Network

Seizing global trends, Western Pacific Group has invested in the development of the Logistics Industrial Cluster (LIC) model—a strategic direction aimed at promoting the sustainable development of industrial parks and increasing value for both domestic and international investors in the Vietnam market.

Innovation – The Key to Enhancing National Competitiveness

In the age of digitalization and high technology, the explosive development of science and technology along with the Fourth Industrial Revolution has led to profound changes with significant impacts globally and on individual nations and regions. Innovation is increasingly asserting its vital role in scientific and technological development and is a core factor in national development strategies to enhance competitiveness on the international stage. It is also an important driver of digital transformation, green transformation, and sustainable development in the new era, contributing to global progress.

At the Vietnam Innovation Day 2024 and the celebration of the 5th anniversary of the National Innovation Center (NIC), the government emphasized that Vietnam's innovation is consistently highly regarded by the international community. According to the World Intellectual Property Organization, Vietnam's Global Innovation Index for 2024 ranked 44th out of 133 countries (up 2 places from 2023 and 4 places from 2022).

Innovation is becoming an inevitable and irreversible trend. For Vietnam, a potential market for FDI investors, developing infrastructure, logistics, and investor-friendly policies is necessary. However, the reality shows that Vietnam’s investment environment still faces bottlenecks, such as infrastructure limitations, high logistics costs, and an increasing risk of energy shortages, which somewhat affect multinational corporations' decisions to expand investment in Vietnam.

To effectively attract FDI, a favorable business environment is not enough; businesses must also understand trends and adapt flexibly to new market demands. Understanding the needs and expectations of investors, Western Pacific Group has rapidly developed the Logistics Industrial Cluster model, flexibly combining industrial park infrastructure, logistics infrastructure, and integrated logistics operations to provide a comprehensive solution that enhances logistics efficiency and timely addresses infrastructure challenges.

Development Potential of the LIC Model in Vietnam

The flexibility and creativity in developing integrated industrial parks with logistics by Western Pacific has optimized the management and operation of industrial parks, making them more attractive to foreign investors.

One of the standout values that LIC brings is the ability to optimize logistics efficiency. LIC projects are typically located near airports, ports, highways, and national roads, carefully positioned to meet the geographical needs of localities and flexibly serve investor demands. By integrating logistics centers with industrial parks and a synchronized infrastructure system, investors can optimize their operations, from production to goods delivery. This not only reduces costs but also enhances operational efficiency, creating a competitive advantage in the market, especially in high-tech industries, manufacturing, and production.

In the context of increasing international attention on emission reduction and sustainable development, the LIC model also helps investors meet environmental standards. By optimizing transportation routes and incorporating renewable energy and smart technology in logistics operations, businesses can reduce carbon emissions, contributing to local health and environmental protection.

The LIC model also has great potential in connecting the network of businesses in Vietnam. With an integrated logistics system and the connectivity between industrial parks, businesses can easily exchange goods, services, and technology, creating a sustainable development ecosystem. This not only enhances the competitiveness of businesses but also contributes to the sustainable growth of Vietnam’s economy.

In Vietnam, Western Pacific has developed an ecosystem of Logistics Industrial Clusters with a network of projects in key economic areas, such as Yen Phong II-A Industrial Park (Bac Ninh), Yen Lenh Industrial Cluster (Ha Nam), and is continuing to expand LIC with the Yen Lu Industrial Park (Bac Giang) extension and the Dong Van V Industrial Park (Ha Nam).

The combination of industrial infrastructure development and integrated logistics services in the LIC model has created synergies, helping Western Pacific attract the attention of many domestic and international investors. Particularly as Vietnam is becoming an attractive destination for high-tech and manufacturing enterprises, the LIC model has proven to play an important role in promoting economic development and attracting FDI.

Alongside the nation's innovation strategy, LIC is not only a solution for the present but also a sustainable path for the future, promising to be a pioneering solution, opening new doors for high-tech and manufacturing businesses looking to invest in Vietnam.