Damsan and its aspiration to build a new growth ecosystem

These days, development in the newly expanded Hung Yen Province is unfolding at an unprecedented pace. Along key regional transport corridors, long lines of container trucks move toward industrial parks; major construction sites remain brightly lit late into the night; and a steady influx of young workers from northern provinces continues to arrive in search of employment opportunities and a new living environment.

As large-scale construction projects expand into emerging growth areas, Damsan Joint Stock Company is also putting together the building blocks of a new industrial ecosystem, one where manufacturing facilities, green energy, and living spaces coexist within a long-term development strategy, driven by a strong aspiration for growth.

Damsan Joint Stock Company, located in Nguyen Duc Canh Industrial Park, Tran Hung Dao Ward, Hung Yen Province.

Laying the foundation for a new wave of industrial growth

As many localities enter an increasingly competitive race to attract investment, industrial infrastructure has emerged as a key determinant of regional competitiveness. For Damsan, its expansion into industrial real estate reflects a strategic move to create a new manufacturing base for both domestic and international businesses.

Industrial clusters developed by Damsan, including Ninh An Industrial Cluster and the expanded An Ninh Industrial Cluster, are being planned under a modern model with integrated technical infrastructure, convenient logistics connectivity, and access to key interregional transport routes and northern seaport networks. Amid the ongoing global supply chain realignment, Damsan aims to attract new manufacturing investment flows to the southern part of Hung Yen Province.

Mr. Vu Huy Dong, Chairman of the Board of Directors of Damsan Joint Stock Company, believes that beyond its strategic geographic location and vast potential for industrial development, the proactive support and close cooperation of local authorities are becoming one of Hung Yen’s most important competitive advantages in attracting investment.

“We highly appreciate Hung Yen’s current investment environment. The provincial leadership is dynamic, decisive, and receptive to feedback. In particular, local government officials consistently work alongside businesses to address challenges and facilitate the implementation of investment projects”, Mr. Dong said.

Mr. Vu Huy Dong, Chairman of the Board of Directors of Damsan Joint Stock Company, during an interview with Business Forum Magazine.

According to Mr. Dong, the proactive approach of local authorities is fostering strong confidence among the business community, particularly at a time when competition among localities to attract investment is becoming increasingly intense.

Notably, Damsan is building interconnected links between industrial infrastructure, energy, and living environments, with the aim of creating a more sustainable development model for the long term.

Entering the global green technology value chain

If industrial real estate provides the foundation for growth, the AD Green project more clearly reflects Damsan’s technological ambitions.

AD Green’s solar panel manufacturing plant, located in Gia Le Industrial Park, Nam Dong Hung Commune, has been developed with the goal of becoming an integral part of the global renewable energy supply chain. Beyond serving the domestic market, the plant’s products are also targeted at export markets with stringent technical requirements, including Europe and the United States.

N-Type TOPCon technology enhances the efficiency of solar panels at the AD Green manufacturing plant, located in Gia Le Industrial Park, Nam Dong Hung Commune, Hung Yen Province.

Unlike the conventional image of a local industrial manufacturing facility, AD Green operates under a highly automated model, equipped with advanced production lines and focused on manufacturing high-capacity, high-efficiency, and environmentally friendly solar panels.

The emergence of AD Green reflects a notable shift among Vietnamese enterprises in a new phase of development. Rather than remaining concentrated in low-value-added industries, they are gradually moving into green technology and the industries of the future.

According to Damsan’s leadership, investing in renewable energy is a strategic choice that enables the company to adapt to the world’s evolving development standards.

“Major markets today are imposing increasingly stringent requirements for green development and emissions reduction. If Vietnamese enterprises fail to adapt, it will be very difficult for them to integrate deeply into global supply chains in the future”, Mr. Vu Huy Dong emphasized.

Social housing as development infrastructure

As urbanization accelerates across Hung Yen, social housing is becoming an increasingly essential component of the province’s economic landscape. For Damsan, it represents a crucial piece in creating a sustainable living environment for the growing workforce migrating to industrial hubs.

The Damsan social housing project, developed within the Phu Xuan Residential Area (now Tran Hung Dao Ward), is gradually taking shape. Beyond expanding the housing supply for low-income residents, the project is also helping transform the area’s urban landscape into one that is more modern, integrated, and vibrant.

As demand for housing among industrial workers, young employees, and low-income earners continues to rise, projects such as Damsan Social Housing are increasingly viewed as a practical solution to the challenge of aligning urban development with industrial growth. Behind every industrial zone lies the housing need of thousands of workers seeking greater stability and a better quality of life.

The social housing project within Phu Xuan New Urban Area, Tran Hung Dao Ward, is being accelerated by Damsan to ensure timely construction progress.

According to Mr. Vu Huy Dong, Chairman of the Board of Directors of Damsan Joint Stock Company, the company’s investment in this segment demonstrates its commitment to supporting the Government’s broader goal of developing at least one million social housing units for low-income households and industrial park workers by 2030.

“Today’s workers need more than just jobs, they also need stable housing that allows them to build their lives with confidence and commit to the long term. Investing in social housing is also a way for businesses to share responsibility with the community and contribute to creating a better living environment for low-income people”, Mr. Dong said.

Within Hung Yen’s evolving growth landscape, Damsan is gradually building a new development ecosystem, one in which industrial progress is measured not only by the number of factories or the volume of investment, but also by quality of life, the ability to retain talent, and the capacity to adapt to a greener future.

Through this journey, Damsan is demonstrating an ambition that extends beyond the role of a conventional local enterprise. The company is positioning itself as one of the pioneers shaping a new growth model for one of Northern Vietnam’s most dynamic and rapidly transforming economic regions.