Category: 3. Business

Private companies account for 55% of SAM Engineering & Equipment (M) Berhad’s (KLSE:SAM) ownership, while institutions account for 27%

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If you want to know who really controls SAM Engineering & Equipment (M) Berhad (KLSE:SAM), then you’ll have to look at the makeup of its share registry. With 55% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

Institutions, on the other hand, account for 27% of the company’s stockholders. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones.

In the chart below, we zoom in on the different ownership groups of SAM Engineering & Equipment (M) Berhad.

Check out our latest analysis for SAM Engineering & Equipment (M) Berhad

KLSE:SAM Ownership Breakdown February 16th 2026

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that SAM Engineering & Equipment (M) Berhad does have institutional investors; and they hold a good portion of the company’s stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see SAM Engineering & Equipment (M) Berhad’s historic earnings and revenue below, but keep in mind there’s always more to the story.

KLSE:SAM Earnings and Revenue Growth February 16th 2026

We note that hedge funds don’t have a meaningful investment in SAM Engineering & Equipment (M) Berhad. Accuron Technologies Limited is currently the largest shareholder, with 55% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. Employees Provident Fund of Malaysia is the second largest shareholder owning 5.9% of common stock, and Public Mutual Bhd. holds about 5.5% of the company stock.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of SAM Engineering & Equipment (M) Berhad. However, it’s possible that insiders might have an indirect interest through a more complex structure. It seems the board members have no more than RM6.0m worth of shares in the RM2.3b company. Many investors in smaller companies prefer to see the board more heavily invested. You can click here to see if those insiders have been buying or selling.

The general public– including retail investors — own 17% stake in the company, and hence can’t easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

It seems that Private Companies own 55%, of the SAM Engineering & Equipment (M) Berhad stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it’s hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

While it is well worth considering the different groups that own a company, there are other factors that are even more important.

I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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February 16, 2026
Indian rupee to remain on defensive, bonds to react to supply pressure – Reuters
1. Indian rupee to remain on defensive, bonds to react to supply pressure Reuters
2. USD/INR: Interim trade deal caps near-term INR gains – MUFG FXStreet
3. The focus turns to US CPI with Indian Rupee trading in a crucial spot versus the US Dollar investingLive
4. Rupee slips 3 paise to 90.64 amid strong dollar, weak equities Deccan Herald
5. Rupee weakens as RBI intervenes; forex reserves drop $6.7 billion Business Standard
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February 16, 2026
Rio Tinto halts activity at SimFer iron ore mine after fatal incident

(Alliance News) – Rio Tinto PLC on Sunday reported the death of a worker at the Simandou iron ore project in Guinea.

The London-based diversified mining company said the death of an employee of a contracting company followed an incident at the mine site in Nzerekore.

The site belongs to the SimFer, a joint venture with the government of Guinea and Hong Kong-based Chalco Iron Ore Holdings Ltd. Rio Tinto owns 53% of SimFer Jersey, which in turn owns 85% of the SimFer joint venture.

Rio Tinto Chief Executive Simon Trott said: “Our thoughts and deepest condolences are with the family, friends and colleagues of our teammate who lost their life, and with everyone affected by this tragedy. We are providing our full support and will work with relevant authorities, our partners and contractors to complete a thorough investigation to fully understand what happened and prevent reoccurrence.

“Nothing is more important than the safety of everyone who works with us. We are determined to learn from this incident and to do everything we can to provide the safest possible workplace and prevent tragedies like this from happening.”

The Rio Tinto chief will travel to the West African nation this week and activity at the mine site has been suspended.

Rio Tinto shares ended 1.7% lower at 7,091.00 pence in London on Friday and shares were down 3.7% at AUD163.54 in Sydney on Monday morning.

By Elijah Dale, Alliance News senior reporter Asia-Pacific

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

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February 16, 2026

Cleanaway Waste Management Limited’s (ASX:CWY) Intrinsic Value Is Potentially 90% Above Its Share Price

The projected fair value for Cleanaway Waste Management is AU$4.49 based on 2 Stage Free Cash Flow to Equity
Current share price of AU$2.37 suggests Cleanaway Waste Management is potentially 47% undervalued
Analyst price target for CWY is AU$3.09 which is 31% below our fair value estimate

How far off is Cleanaway Waste Management Limited (ASX:CWY) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it’s not too difficult to follow, as you’ll see from our example!

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

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We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today’s dollars:

	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035
Levered FCF (A$, Millions)	AU$196.4m	AU$286.9m	AU$338.7m	AU$378.3m	AU$413.2m	AU$444.2m	AU$472.1m	AU$497.8m	AU$522.0m	AU$545.1m
Growth Rate Estimate Source	Analyst x3	Analyst x4	Analyst x3	Est @ 11.69%	Est @ 9.22%	Est @ 7.50%	Est @ 6.29%	Est @ 5.44%	Est @ 4.85%	Est @ 4.44%
Present Value (A$, Millions) Discounted @ 7.3%	AU$183	AU$249	AU$274	AU$286	AU$291	AU$292	AU$289	AU$284	AU$278	AU$270

(“Est” = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$2.7b

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country’s GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (3.5%) to estimate future growth. In the same way as with the 10-year ‘growth’ period, we discount future cash flows to today’s value, using a cost of equity of 7.3%.

Terminal Value (TV)= FCF₂₀₃₅ × (1 + g) ÷ (r – g) = AU$545m× (1 + 3.5%) ÷ (7.3%– 3.5%) = AU$15b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$15b÷ ( 1 + 7.3%)¹⁰= AU$7.4b

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is AU$10b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of AU$2.4, the company appears quite undervalued at a 47% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

ASX:CWY Discounted Cash Flow February 15th 2026

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company’s future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company’s future capital requirements, so it does not give a full picture of a company’s potential performance. Given that we are looking at Cleanaway Waste Management as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we’ve used 7.3%, which is based on a levered beta of 0.897. Beta is a measure of a stock’s volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

View our latest analysis for Cleanaway Waste Management

Strength

Weakness

Opportunity

Threat

Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. It’s not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to “what assumptions need to be true for this stock to be under/overvalued?” For example, changes in the company’s cost of equity or the risk free rate can significantly impact the valuation. Can we work out why the company is trading at a discount to intrinsic value? For Cleanaway Waste Management, there are three important elements you should consider:

Risks: Every company has them, and we’ve spotted 1 warning sign for Cleanaway Waste Management you should know about.
Future Earnings: How does CWY’s growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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February 15, 2026

OpenClaw founder Steinberger joins OpenAI, open-source bot becomes foundation – Reuters
1. OpenClaw founder Steinberger joins OpenAI, open-source bot becomes foundation Reuters
2. OpenAI in Advanced Talks to Hire OpenClaw Founder, Others Connected to Agent Project The Information
3. OpenClaw Creator Gets Big Offers to Acquire AI Sensation—Will It Stay Open Source? Decrypt
4. OpenClaw Expands Support of Chinese AI Models Amid Big Tech Interest trendingtopics.eu
5. OpenClaw Founder Peter Steinberger Joins OpenAI’s Vision Global Banking & Finance Review®
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February 15, 2026
One in Three International Students Abandon Applications Over Poor Communication, New Research Finds
Universities are losing prospective international students before they even apply, with one in three students abandoning an application altogether due to communication issues, according to new research released by Sinorbis and Edified.

The findings form part of Omnichannel Engagement: A New Era of Student Recruitment, drawing on the Sinorbis International Student Survey (SISS) and Edified’s Enquiry Experience Tracker (EET). The message is clear: while institutions continue to invest heavily in marketing and outreach, engagement breakdowns at the enquiry stage are quietly undermining conversion.

Speed is now the baseline

The research highlights a widening “engagement gap” between student expectations and institutional performance.
- 70% of students expect a response within a couple of days
- 66% say response speed genuinely matters when choosing a university
- Yet only about one third report receiving a reply within that timeframe
- 59% disengaged from at least one university because communication felt slow or difficult
In an environment where 94% of students consider five universities or fewer, even minor friction can be decisive .

“Strong institutions are losing momentum simply because their experience is slower or more fragmented compared to the speed and service students are accustomed to in their daily lives,” said Nicolas Chu, CEO and Founder of Sinorbis.

The frustration factor

The breakdown is not only about speed. The research points to structural issues in how enquiries are handled.

According to findings from the SISS and EET:
- 69% of students reported moderate to extreme frustration with university communication
- 83% had to repeat the same information multiple times
- More than two in five received conflicting answers from different channels
- 47% spoke to someone unaware of previous conversations
These findings suggest that fragmentation across channels and systems is eroding trust at critical decision points.

Elissa Newall, Senior Partner at Edified, said the enquiry stage offers students “a glimpse of what it might feel like to be part of an institution’s community”. When that glimpse feels disjointed or transactional, confidence drops.

Messaging matters

Student preferences are also shifting away from traditional email-centric models.

The report finds that 55% of students would be more likely to choose a university if they could communicate via their preferred messaging app, such as WhatsApp or WeChat. Yet many institutions still rely primarily on email, where 66% of students reported frustration.

Edified’s Enquiry Experience Tracker shows that performance varies significantly by channel. In 2025, WhatsApp recorded 100% response coverage, with 78% answered within eight hours, outperforming other channels . However, adding channels without operational readiness has led to inconsistency, unclear ownership and poor follow-up.

Notably, two in five institutions now receive more than 25,000 international enquiries annually, yet only one in four has a dedicated team managing them . Follow-up remains the weakest performing area across channels.

From transactional to relational

The report argues that many universities still treat enquiries as information delivery exercises, rather than moments to build trust. Students, however, value clarity, continuity and proactive communication.

When asked what made communication stand out, students cited:
- Fast response times
- Not having to repeat information
- Consistent answers across channels
- Easy access to someone who could genuinely help
In a market where academic offerings often appear similar, the quality of engagement is becoming a competitive differentiator.

The omnichannel imperative

Sinorbis and Edified argue that incremental fixes are not enough. What is required is an integrated, omnichannel engagement strategy that connects messaging platforms, email, forms, CRM systems and workflows into a single, coherent experience.

Such an approach aims to deliver:
1. A seamless student experience across preferred channels
2. Greater operational efficiency and scalability for recruitment teams
3. Improved visibility, attribution and decision-making through integrated systems
In short, the research reframes recruitment not as a marketing problem, but as an experience management challenge.

As competition intensifies globally and students narrow their shortlists, the margin for error continues to shrink. Universities that fail to close the gap between expectation and delivery risk losing students quietly and without explanation.

The findings serve as a stark reminder: in 2026, it is not only what institutions offer that determines success, but how they respond when a student first reaches out.

The guide can be seen here.
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February 15, 2026
Cost of commuting rises as govt hikes fuel prices

People wait for their turn to get fuel at a petrol station in Peshawar. Photo: Reuters/ File

The federal government has increased the price of petrol by Rs5 per litre and high-speed diesel by Rs7.32 per litre for the next fortnight, according to a notification issued by the Petroleum Division late on Sunday night.

Petrol has been raised by Rs5 per litre, taking the price from Rs253.17 to Rs258.17 per litre.

High-speed diesel (HSD) has been increased by Rs7.32 per litre and now costs Rs275.70 per litre, up from the previous Rs268.38.

The notification further stated that the revised prices take effect immediately from February 16 and will remain in force for the next fortnight.

Fuel prices in Pakistan are reviewed fortnightly and are influenced by changes in international oil prices, exchange rate fluctuations, and domestic tax adjustments. Diesel prices are of particular concern as HSD is widely used in transport, agriculture, and power generation, meaning increases often have a direct impact on inflation and the cost of essential goods.

On February 1, in its fortnightly review, the federal government had reduced the price of high-speed diesel by Rs14 per litre from Rs282.38 to Rs268.38 per litre for the next 15 days, while keeping petrol prices unchanged at Rs253.17 per litre.

Earlier, sources had said the price of petrol might rise by Rs4.39 per litre, while high-speed diesel was likely to see an increase of Rs5.40 per litre.

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February 15, 2026

A Pioneering Model in Northern Vietnam

Positioned as Vietnam’s commerce gateway, Hai Phong is poised to lead changes in investment, logistics, and institutional reform in northern Vietnam. After administrative restructuring in mid-2025, Hai Phong City and Hai Duong province merged to form a larger, unified Hai Phong City, significantly expanding its scale.

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By blending the distinct strengths of Hai Phong and Hai Duong, the new administrative unit can fully leverage its competitive advantages. While Hai Duong was an important center for both industry and agriculture production, Hai Phong plays a crucial role in national defense, industrialization, and economic modernization, serving as a key hub for industry, trade, and logistics.

This consolidation combines historical significance with a strategic transformation to drive the next stage of development in the Red River Delta.

After the merger: A larger, unified administrative and economic footprint

The post-merger Hai Phong City covers a total area of 3,194.72 km² and has a combined population of over 4.7 million, making it one of Vietnam’s largest municipal economies in terms of both population and land area.

Early implementation results show faster administrative procedures, higher on-time project deployment rates, and stronger coordination between city and district agencies, supporting industrial and urban growth. After seven consecutive years ranked among the top 10 nationwide, Hai Phong rose to first place in the Provincial Competitiveness Index (PCI) in 2025, marking a significant milestone in the city’s governance and business-environment reform efforts.

Hai Phong now leads the national rankings across four major governance and sustainability indicators, including:

Provincial Competitiveness Index (PCI);
Public Administration Reform Index (PAR Index);
Satisfaction Index of Public Administrative Services (SIPAS) 2024; and
Provincial Green Index.

Category hi	Key information
Merger scope	Hai Phong City and Hai Duong Province
Total area	3,195 km²
Current population	Over 4 million people
Administrative structure	114 commune-level units (67 wards, 45 communes, 2 special zone)
GRDP	US$29.4 billion
GRDP per capita	US$7,944.5
Newly licensed investment projects	37 projects; US$3.09 billion total capital
State budget revenue	US$7.21 billion
Key infrastructure projects	Lach Huyen International Deep-Water Port (handling vessels up to 18,000 TEU, six berths in operation); Nam Dinh Vu Port (capacity over 600,000 TEU/year); Nam Do Son International Transshipment Port; Hanoi–Hai Phong Expressway (six lanes); Tan Vu–Lach Huyen Bridge (over 5 km, Southeast Asia’s longest sea-crossing bridge); Cat Bi International Airport; Kunming–Lao Cai–Hanoi–Hai Phong railway; and Inland waterway network with nine major corridors.

Strategic planning and special support

To support Hai Phong’s transformative growth, Vietnam’s National Assembly approved Resolution No. 226/2025/QH15 in June 2025. Effective July 1, 2025, this resolution introduces pilot special mechanisms and policies to unlock the city’s development potential and boost its competitiveness nationally.

Enhanced investment management authority

The People’s Committee of Hai Phong is empowered to approve investment decisions for large port and marine infrastructure projects with a capital of VND 2.3 trillion (US$88.85 million) or more without needing prior Prime Minister approval.
The city can also adjust investment approvals for such port-related projects that were previously sanctioned at the central level.
These procedures follow provincial investment approval standards, shortening administrative timelines for major logistics and port developments.

Retained local revenue from inland transport infrastructure

Hai Phong will retain 100 percent of the fee and charge revenues collected from national inland waterways and inland ports within its territory.
The city is authorized to use these funds, alongside state budget and other lawful financing, to invest in, maintain, and operate inland waterways and inland port systems, strengthening the logistics base for industrial and export activities.

Free Trade Zone with superior incentives

Resolution 226 mandates the establishment of a Hai Phong Free Trade Zone (FTZ) with enhanced policy instruments designed to attract FDI and global firms, including:
- Preferential corporate income tax rates (expected within the FTZ framework);
- Visa exemptions and long-term temporary residence permits (up to 10 years) for foreign experts, scientists, highly skilled personnel, and their immediate families;
- Simplified investment and business procedures tailored to international investors.
The FTZ is positioned as a strategic platform for export-oriented industries and international trade expansion.

See also: Hai Phong Free Trade Zone: Implementation, Incentives and Opportunities

Preferential tax and residence incentives for talent

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Resolution 226 includes a 10-year personal income tax reduction (50 percent) for experts, scientists, specialists, managers, and highly skilled workers with salary income in approved industrial and economic zones (including the FTZ).
Visa and residency policy flexibility is also extended to family members, making Hai Phong more attractive for foreign professionals and global talent mobility.

Financial and budget authority

The city can borrow through local government bonds and other financing channels (domestic and re-lent foreign loans) up to a defined limit tied to retained budget revenue, enabling more proactive capital mobilization for infrastructure and industrial development (subject to legal limits).

Infrastructure and industrial ecosystem highlights

Hai Phong’s competitive edge continues to rely on its multi-modal transport infrastructure and strategic function as a gateway connecting northern Vietnam to both domestic and international markets.

The city’s transport network, covering sea, road, rail, inland waterways, and air, is being developed in a coordinated manner, with transportation prioritized to strengthen Hai Phong’s logistics, industrial, and export potential.

Seaport system

Hai Phong is home to one of Vietnam’s most advanced deep-water port systems. Key highlights include:

Lach Huyen International Port: With six deep-water berths now in operation, including berths 3 through 6 brought into service in 2025, the port can handle some of the largest container vessels in the global fleet. This has contributed to Hai Phong Port’s ranking among the world’s top 30 busiest container ports.
Nam Dinh Vu Port: Supports additional capacity in container handling (over 600,000 TEU annually) and bulk cargo, strengthening the seaport complex.
Nam Do Son Port: Planned as a future international transshipment hub to further enhance the city’s maritime throughput and logistics reach.

Land connectivity

Hai Phong’s land transport connectivity continues to improve through significant infrastructure investments aimed at easing movement within the city and strengthening links with regional markets:

Hanoi – Hai Phong Expressway (CT.04): A controlled-access highway connecting Hai Phong with Hanoi and key economic corridors, supporting efficient cargo flows to the capital region.
Road expansion and new interchanges: The city is actively investing in urban and regional road projects, including bypass roads, ring roads, arterial routes, and major bridge projects. These help unlock industrial zones, improve traffic flow, and reduce bottlenecks.
Strategic future corridors: Hai Phong has outlined key transport projects for 2026-2030, such as a part of the Ninh Bình – Hai Phong Expressway (CT.08), connections with coastal routes, and extra city bypass links, all aimed at boosting regional connectivity and economic growth.

Air cargo and airport expansion

Cat Bi International Airport serves as Hai Phong’s principal aviation gateway, handling both domestic and international passenger flights, and laying the groundwork for increased air cargo capacity. Key ongoing developments include:

Passenger Terminal T2 expansion;
Enlarged aircraft aprons; and
A dedicated cargo terminal facility under construction to support logistics and freight growth.

Industrial land and cluster development

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Hai Phong continues to build out industrial and logistics clusters that leverage its location and transport advantages:

The Dinh Vu – Cat Hai Economic Zone remains the city’s core industrial land bank (22,540 ha), focusing on export-oriented manufacturing and port-linked production.
Expansion projects in the southern coastal zone, including multi-thousand-billion-dong industrial developments, are underway to modernize infrastructure, attract investors, and support sectoral diversification.

FDI profile and sectors likely to benefit

Export growth and trade orientation

The merged city continues to operate a robust, export-driven economy, underpinned by deep-water port infrastructure, expressway connectivity, and integrated industrial zones that enable efficient access to global markets. In 2025, Hai Phong recorded strong economic momentum, with export turnover reaching approximately US$50.14 billion, reaffirming its position as a leading export hub in northern Vietnam.

This performance is reinforced by the city’s logistics capacity, with cargo throughput at seaports totaling 238 million tons, strengthening Hai Phong’s competitiveness in international trade and port-linked manufacturing.

FDI in manufacturing and technology

Foreign direct investment in Hai Phong continues to be concentrated in manufacturing and technology-intensive sectors, with a strong presence of export-oriented projects located in industrial zones and the Dinh Vu – Cat Hai Economic Zone.

Investment attraction priorities emphasize:

High-tech manufacturing, including electronics and supporting industries;
Large-scale, capital-intensive projects with strong export orientation; and
Technology-driven production, aligned with the city’s broader goals for industrial upgrading and value-chain integration.

Hai Phong’s manufacturing profile is anchored by major multinational investors, most notably LG, Pegatron, USI, and Bridgestone, which have committed multi-billion-dollar investment projects in the city’s industrial zones. These projects play a central role in shaping Hai Phong’s position within global electronics and manufacturing supply chains, while generating spillover demand for supporting industries and logistics services.

The city’s FDI structure reflects a continued focus on export manufacturing, high-tech production, and large anchor investors, positioning the city to benefit from supply chain realignment and sustained demand for port-connected industrial locations.

Key industrial parks of Hai Phong

DEEP C Industrial Zones (Hai Phong I, II, III)

DEEP C Industrial Zones in Haiphong serve as a leading industrial center built on an eco-industrial park model, aimed at promoting sustainable long-term industrial growth. This hub includes DEEP C Haiphong 1, 2, and 3, located within the Dinh Vu – Cat Hai Economic Zone, collectively covering over 1,700 hectares, with DEEP C Haiphong 2 and 3 situated inside the Haiphong FTZ.

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The hub enjoys direct access to major transport infrastructure such as:

Lach Huyen deep-water port;
Cat Bi International Airport;
Lao Cai – Hanoi – Haiphong railway;
Hanoi–Haiphong Expressway; and
Haiphong – Ha Long – Van Don – Mong Cai Expressway.

The hub is suitable for a wide range of industrial and logistics activities, including:

Strategic industries (new materials, automotive, electronics, semiconductors, and renewable energy);
Supporting industries (high-precision mechanics, automation, and spare parts for high-tech industries); and
Logistics and port-related services (including bonded warehousing and smart logistics linked to Lach Huyen port).

VSIP Hai Phong Industrial Park

VSIP Hai Phong represents one of the city’s largest integrated industrial–urban developments, with a total planned investment of approximately US$1 billion across 1,600 hectares. Of this, 500 hectares are designated for clean industrial production, while 1,100 hectares are allocated to urban development.

Location: Dinh Vu–Cat Hai EZ, Tan Duong Commune, Thuy Nguyen District
Operation term: 2008–2058

Nam Dinh Vu Industrial Park

Nam Dinh Vu is a strategically positioned coastal industrial park covering 1,329 hectares within the Dinh Vu–Cat Hai Economic Zone. Notably, it is the only industrial park in Vietnam with an internal seaport (Nam Dinh Vu Port) capable of accommodating vessels up to 40,000 DWT, supported by a 300-meter turning basin.

Its gateway location provides direct access to Hai Phong’s maritime transport network.

Location: Dong Hai 2 Ward, Hai An District
Operation term: 2009–2059

Trang Due Industrial Park

Developed in three phases (187 ha, 214 ha, and 652 ha), Trang Due Industrial Park spans 1,088 hectares. The park has attracted major multinational investors, notably LG Group, and has emerged as a high-tech manufacturing hub.

Location: Le Loi Commune, An Duong District
Operation term: 2011–2061
Operation term: 2008–2058

Industrial park	Land area	Infrastructure	Targeted sectors
DEEP C Haiphong 1	541 ha	Fully occupied eco-industrial park within Dinh Vu – Cat Hai EZ; integrated utilities; direct access to Lach Huyen deep-water port, Cat Bi International Airport, Hanoi–Haiphong Expressway, and railway network	General manufacturing, chemicals, petrochemicals, high-tech industries
DEEP C Haiphong 2	~645 ha	Operational eco-industrial park located within Haiphong Free Trade Zone; established infrastructure; dense tenant ecosystem; strong connectivity to port, airport, expressways, and rail	Semiconductors, electronics, automotive, new materials, high-tech components, renewable energy equipment
DEEP C Haiphong 3	~520 ha	Operational with phased land availability; completed roads, power, water supply, and wastewater treatment plant; located within Free Trade Zone	Automotive assembly, bonded warehousing, smart logistics, international distribution centers, supporting industries
VSIP Hai Phong Industrial Park	1,600 ha	Master-planned industrial–urban complex (500 ha industrial, 1,100 ha urban); completed core infrastructure; stable utilities; located in Dinh Vu–Cat Hai EZ	Clean manufacturing, electronics, supporting industries
Nam Dinh Vu Industrial Park	1,329 ha	Coastal industrial park with internal Nam Dinh Vu Port (up to 40,000 DWT); full utilities; strong maritime logistics integration	Logistics, petrochemicals, port-based industries, heavy industry
Trang Due Industrial Park	1,088 ha	Phased modern infrastructure; established high-tech production cluster anchored by multinational investors (e.g., LG); stable technical utilities	Electronics, high-tech manufacturing, supporting industries

Ready-built factory and warehouse options

Northern Vietnam’s seaport-adjacent industrial corridor, anchored by Hai Phong, continues to draw manufacturers and logistics operators looking for ready-built factory (RBF) and ready-built warehouse (RBW) solutions. These developments provide quick deployment timelines, high technical standards, and strong connections to deep-sea ports, expressways, and international airports.

Core5 Hai Phong Phase 2

Located within the DEEP C Industrial Zones, Core5 Hai Phong Phase 2 provides approximately 80,676 square meters of ready-built factory and warehouse space across 17 factory blocks.

Key features:

Flexible unit sizes supporting diversified manufacturing operations
Modern industrial standards with reliable power and water supply
Internal road systems designed for heavy vehicle access
Strategic proximity: 5 km to Dinh Vu and Lach Huyen ports; 12 km to Cat Bi International Airport; 125 km to Hanoi
Expected handover: Q4 2026

Tenants benefit from DEEP C’s established eco-industrial ecosystem and integrated logistics infrastructure.

Core5 Hai Phong Phase 3

Core5 Phase 3 will deliver approximately 84,037 square meters of ready-built factory space, offering both single-storey and mezzanine configurations.

Key features:

Find Business Support

LEED-aligned green building design
Integrated technical services and 24/7 security
Close access to Dinh Vu and Lach Huyen seaports
Approximately 60 km from Hanoi CBD and 25 km from regional airport infrastructure
Expected handover: Q1 2027

BW Industrial RBFs and RBWs

BW Industrial is recognized as one of Vietnam’s premier developers specializing in logistics industrial spaces available for lease. The company provides flexible premises and tailored solutions to enterprises at various stages of their development. Its land portfolio encompasses 1,020 hectares distributed across 60 projects situated in ten principal provinces throughout Vietnam.

In the Hai Phong region specifically, BW Industrial has five RBFs/RBWs accessible for rental, with an additional two currently under development.

Project Name	Location	Key Advantages	Land Area	Status
BW Deep C 1	Deep C2B, Dinh Vu – Cat Hai EZ, Hai An, Hai Phong	Adjacent to Lach Huyen Deep Sea Port; Easy access to Hanoi – Hai Phong Hwy & Cat Bi Airport.	6.7 ha	Available
BW Nam Dinh Vu ESR	Nam Dinh Vu IP (Zone 1), Dinh Vu – Cat Hai EZ, Hai Phong	Tax incentives (EZ); EPE (Export Processing Enterprise) friendly; Near Lach Huyen Port.	12.1 ha	Available
BW Nam Dinh Vu	Nam Dinh Vu IP (Phases 1 & 2), Hai An, Hai Phong	Strategic port proximity; Connectivity to Hanoi – Hai Phong Hwy; Tax incentives.	49.8 ha	Available
BW VSIP Hai Phong	VSIP Hai Phong, Thuy Nguyen, Hai Phong	Low labor costs; Access to Hai Phong Port & Cat Bi Airport; BW Commercial Center nearby.	5.9 ha	Available
BW VSIP Hai Duong	Cam Dien – Luong Dien IP, Cam Giang, Hai Duong	Regional minimum wage (Zone 3); Strategic midpoint between Hanoi and Hai Phong.	42.6 ha	Available
BW Nam Dinh Vu Phase 4	Nam Dinh Vu IP, Hai Phong	Strategic expansion in a major industrial hub.	12.2 ha	Q2, 2025
BW Nam Dinh Vu Phase 3	CN10-02, Nam Dinh Vu IP, Hai Phong	Quick access to deep-sea logistics.	5.8 ha	Q1, 2025

Expert’s take: Bright industrial outlook for post-merger Hai Phong

Following the July 2025 administrative merger with Hai Duong province, Hai Phong has emerged as a massive economic subdivision encompassing over 3,100 square kilometers and a population of 4.6 million. This expansion provides the critical mass needed to support a proposed free trade zone and the new South Economic Zone, both central to the city’s manufacturing and export growth.

The strategic shift is supported by Resolution No. 59-NQ/TW, a Politburo directive issued in early 2025, which prioritizes proactive international integration to move Vietnam toward a US$1 trillion economy. By integrating Hai Duong’s industrial land bank with Hai Phong’s deep-sea port infrastructure, the city has created a unified ecosystem that reduces logistics bottlenecks for northern manufacturing clusters.

Current indicators suggest that the city is no longer just a transit point but a primary driver of national resilience. Paul Tonkes, Industrial Deputy Director of Indochina Kajima Development, said the city’s trajectory toward becoming the nation’s dominant maritime gateway is now a reality.

“Hai Phong becoming Vietnam’s largest port in five years is starting to be very tangible right now,” Tonkes said. “Between the Hai Phong FTZ and the new South Economic Zone, the city’s status as a critical gateway is a lock – merger or not.”

Tonkes noted that the city serves as a “frontline instrument” for Vietnam’s global standing.

Hai Phong is not just a port, but a frontline instrument for Vietnam’s international standing and closing in on the 1 trillion USD economy. I expect that Resolution 59 helps to move the needle toward an independent, resilient economy and proactive international integration; even if these are currently on-paper promises, there are players in Hai Phong capable of turning them into operational reality” – Paul Tonkes, Industrial Deputy Director of Indochina Kajima Development

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February 15, 2026

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Category: 3. Business

After the merger: A larger, unified administrative and economic footprint

Strategic planning and special support

Enhanced investment management authority

Retained local revenue from inland transport infrastructure

Free Trade Zone with superior incentives

Preferential tax and residence incentives for talent

Financial and budget authority

Infrastructure and industrial ecosystem highlights

Seaport system

Land connectivity

Air cargo and airport expansion

Industrial land and cluster development

FDI profile and sectors likely to benefit

Export growth and trade orientation

FDI in manufacturing and technology

Key industrial parks of Hai Phong

DEEP C Industrial Zones (Hai Phong I, II, III)

VSIP Hai Phong Industrial Park

Nam Dinh Vu Industrial Park

Trang Due Industrial Park

Ready-built factory and warehouse options

Core5 Hai Phong Phase 2

Core5 Hai Phong Phase 3

BW Industrial RBFs and RBWs

Expert’s take: Bright industrial outlook for post-merger Hai Phong

New Member Gift: Gaston Luga Spläsh Hip Pack in Black