Binh Duong’s outstanding advantage lies in its transportation infrastructure and interconnection of its industrial parks with the Southern Key Economic Region. At present, Binh Duong is accelerating the implementation and expansion of industrial park infrastructure and space, preparing optimal conditions to meet investors’ demands, with the goal of enhancing cooperation effectiveness, seizing opportunities and proactively welcoming new, high-quality foreign investment projects.
Ready with clean land
In April 2025, provincial People’s Council officially approved the Master Plan for North Tan Uyen 1 Industrial Park (IP) at a 1/5,000 scale. The project covers 786 hectares with total investment of over VND 26 trillion (equivalent to US$ 1 billion), with Thaco Group as the investor. This IP is oriented towards specialization in mechanical engineering and auxiliary industries, aiming at not only serving the production of equipment, components and high-tech industries, but also attracting businesses in green industries.
Recently, Binh Duong also held groundbreaking ceremonies for Cay Truong IP and the expanded Bau Bang IP in the phase 2. Cay Truong IP is planned on 700 hectares with total investment of over VND 5,459 billion, prioritizing the attraction of high-tech and environmentally friendly industries and is ready to welcome high-quality foreign direct investment (FDI) projects in line with the province’s sustainable development orientation. Meanwhile, the expanded Bau Bang IP in the phase 2 adds 380 hectares of clean land adjacent to the existing park, offering modern and synchronized infrastructure, being ready to serve large-scale industrial manufacturing investors.
In recent times, Binh Duong has issued several important policies to attract investment projects and develop the local economy. Among them, the province has focused all resources on forming and developing IPs under the plan to meet the production and business needs of domestic and foreign enterprises. According to the master plan approved by the Prime Minister, Binh Duong will have 33 IPs with a total area of 14,790 hectares. To date, the province has developed 29 IPs with a total planned area of over 12,745 hectares, including 28 IPs in operation with more than 12,000 hectares. These IPs have attracted 3,288 projects, including 2,592 FDI projects with total registered capital of nearly US$ 31.66 billion and 696 domestic projects with registered capital of VND 95,230 billion.
According to Nguyen Trung Tin, Head of provincial IPs Management Board, the Management Board will further innovate and improve policies, adjusting goals and development orientations to adapt to the IPs will become more specialized. Provincial People’s Committee has assigned the Management Board to develop zoning plans for the following industrial parks: Vinh Lap, Binh Duong Riverside, Tan Lap I, Lai Hung, North Tan Uyen 2 and Dau Tieng 1A. Of these, Vinh Lap IP has completed the planning task and submitted it to provincial Department of Construction for appraisal; other IPs are in the process of applying for capital to implement the planning.
Enhancing competitiveness
With the view that infrastructure is the key factor in attracting investors, Binh Duong has consistently prioritized the comprehensive development of socio-economic infrastructure. Thanks to preferential policies, favorable infrastructure conditions and transparent administrative procedures, province-based IPs are still attractive destinations for investors, especially foreign ones.
To continue developing sustainable industrial parks, those located in Binh Duong are proactively deploying various solutions to attract increasingly high-quality and effective investment projects. The province is also preparing necessary conditions such as clean land funds, proactive IP planning, technology ecosystems, workforce training, social housing and worker accommodations and timely labor supply for enterprises investing in the area.
Speaking at the groundbreaking ceremonies for Cay Truong IP and the expanded Bau Bang IP in the phase 2, Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People’s Committee emphasized that these projects mark an important milestone in transitioning to a smart industrial development model. This includes upgrading existing IPs and building new green, ecological, and smart ones with the capacity to integrate Industry 4.0 technologies such as IoT and Big Data. Cay Truong IP and the expanded Bau Bang IP in the phase 2 are set to become symbols of smart, ecological IPs integrating digital technology and renewable energy. In parallel, the centralized information technology zone, with a scale of 15.47 hectares, will create a favorable environment for investment activities, attracting capital and technology both domestically and internationally, contributing to the development of IT as a key economic sector for the province.
It is clear that the current land fund of Binh Duong’s industrial parks has reached a high occupancy rate. In the coming period, investment attraction will shift towards more selective, specialized, ecological and intelligent approaches, generating new appeal. The local existing and new IPs are implementing various solutions to enhance competitiveness and attractiveness to meet investors’ growing demand.
In 2025, Binh Duong will continue accelerating the establishment and expansion of IPs. Notably, the province will push forward the establishment of high-tech IPs and auxiliary mechanical IPs. At the same time, Binh Duong will formulate and implement policies to support and encourage the relocation of enterprises outside industrial and cluster zones in the southern region of the province to the ones in the north region, thereby promoting the province’s industrialization and modernization. |
Reported by Ngoc Thanh-Translated by Kim Tin
