Abstract: A hydraulic driving device of an industrial vehicle includes: a tank which stores hydraulic oil; a hydraulic pump which includes a suction port sucking the hydraulic oil and a discharge port discharging the hydraulic oil; a hydraulic cylinder which is driven by the hydraulic oil discharged from the discharge port of the hydraulic pump; a direction switching valve which is disposed among the hydraulic pump, the tank, and the hydraulic cylinder and switches a hydraulic oil flow direction in response to an operation state of operation means for driving the hydraulic cylinder; in which the direction switching valve includes a main spool which moves in response to the operation state of the operation means and a flow regulator which is disposed inside the main spool to control a flow rate of the hydraulic oil flowing from the hydraulic cylinder to the tank.