Foreign direct investment (FDI) inflows into Vietnam's industrial sector continue to gain positive momentum. According to reports from VnEconomy, the emergence of large-scale industrial park infrastructure projects in Central Vietnam, notably Da Nang, alongside Southern manufacturing hubs like Dong Nai continually receiving fresh investment capital, reflects ongoing efforts to prepare land banks and infrastructure to meet the expansion demands of multinational corporations.
Da Nang expands industrial land reserves with the WHA Industrial Park project
In the Central region, the People's Committee of Da Nang City recently issued Decision No. 4602/QD-UBND granting investment policy approval and investor approval for the project to construct and operate the infrastructure of WHA Industrial Park Da Nang. The approved investor is WHA Industrial Development International (SG) Pte. Ltd.
Spanning 400 ha across Thang Binh and Dong Duong communes, the project represents a total investment exceeding VND 2.7 trillion (equivalent to $105 million). Under the financial structure, investor equity stands at VND 459.24 billion (accounting for 16.95%), while mobilized capital reaches nearly VND 2.25 trillion (accounting for 83.05%). The project has an operating term of 50 years starting from the date of land lease or land-use repurposing approval.
According to the released plan, the investment preparation phase is scheduled from Q4 2026 to Q4 2027. Land compensation, site clearance, and handover will take place from Q4 2026 to Q1 2031, closely following phased deployment schedules:
- Phase 1: Implemented across 200 ha, scheduled from Q4 2027 to Q4 2030.
- Phase 2: Completing the remaining 200 ha, from Q1 2031 to Q1 2034.
The total duration for capital construction, commissioning, and full project operation is projected at 72 months from the date of land handover. The Da Nang Hi-Tech Park and Industrial Zones Authority and relevant functional agencies are tasked with close oversight and supervision. Notably, the project is required to allocate land for workers' housing and public service facilities serving workers in compliance with master plans.
Dong Nai affirms appeal in processing and manufacturing
Alongside Central Vietnam, traditional industrial centers in the South maintain strong growth momentum. Reports from VnEconomy indicate that in the first 9 months of 2026, Dong Nai province attracted nearly $2.4 billion in FDI capital, achieving almost 80% of its full-year target. Capital inflows were primarily concentrated in processing, manufacturing, supporting industries, and logistics. The local industrial production index also posted an increase of more than 12% compared to the same period last year.
A clear testament to these high-quality capital flows is OJI Group (Japan) officially breaking ground on its aseptic carton packaging plant under the Oji Liquid Pak (OLP) brand on October 10, 2026, at Long Thanh High-Tech Industrial Park. With a total investment of $110 million covering an area of 57,000 m2, the plant is scheduled to commence operations in 2028. Designed with a maximum annual capacity of 8 billion packages, this facility will not only generate over 200 jobs and supply Vietnam's liquid food and beverage industries, but also reinforce the group's supply chain network across Southeast Asia and global markets.
Beyond Dong Nai and Da Nang, investment attraction in other key localities has also sustained positive outcomes. For instance, Hanoi attracted $4.067 billion in FDI in the first 9 months of 2026 (up 5.9% year-on-year and reaching 90.4% of its annual plan), with realized capital estimated at nearly $1.36 billion (up 27.5%). The capital city granted new licenses to 500 projects totaling $675.96 million, while capital contributions and share purchases exceeded $2.7 billion (representing 66.4% of total capital) and additional adjusted capital surpassed $690 million.
Implications for enterprises
The continuous expansion of industrial land in Da Nang alongside large-scale capital deployments in Dong Nai offers several strategic takeaways for foreign-invested enterprises:
- Diversification of plant locations: Da Nang's 400 ha industrial park development provides investors with an additional modern infrastructure option in Central Vietnam backed by a 50-year lease term, relieving site competition in Northern and Southern growth hubs.
- Leveraging integrated worker infrastructure: Mandatory requirements to reserve land for workers' housing and social infrastructure in new developments like WHA Da Nang will assist enterprises in recruiting and retaining personnel over the long term.
- Opportunities from established supply chains: Expansions of large-scale projects, such as OJI's $110 million packaging facility in Dong Nai, unlock supply chain collaboration opportunities for supporting materials among food and beverage processors operating in Vietnam.
SUNINCON assists international investors in optimizing their expansion strategies through Industrial park surveys, Factory construction advisory, and Supply chain development in Vietnam.
