Final part: Creating new momentum and strength for industrial sector
According to economic experts, Binh Duong has quickly adapted to the continuous advancements in science and technology while establishing a solid foundation for sustainable development. The province's new-generation industrial park (IP) model promises to create a comprehensive ecosystem for technology- and knowledge-intensive activities.
Formation of new-generation Ips
Possibly seeing, the application of eco-IP principles has enabled Binh Duong to reduce carbon emissions, optimize resource utilization and create an environmentally friendly industrial ecosystem. Currently, internationally standardized eco-IP models, including Bau Bang IP, expanded Bau Bang IP and Cay Truong IP are being developed in Bau Bang district.
Bui Minh Thanh, Vice Chairman of provincial People's Committee stated that the feasibility study for eco-IPs following international frameworks—conducted by the World Bank, Becamex IDC and related entities—marks a significant step in Binh Duong’s journey toward sustainable industrial development. This direction will contribute to Binh Duong’s strategy of becoming a modern industrial hub while promoting the transition to an industrial symbiosis model that meets the standards of a low-carbon economy, eco-IPs, Industry 4.0 and science-technology-driven industries.
Representative of provincial IPs Management Board also affirmed that developing the eco-IP model is not only of great significance to the province, but also brings practical benefits to IP investors and businesses operating within them. Eco-IPs are expected to play a key role in transforming existing IPs into smart ones, gradually providing Binh Duong with a solid scientific foundation, enabling mastery and creation of new production tools based on science and technology and seizing new opportunities in the digital era.
Enhancing development
Currently, provincial authorities at all levels and sectors are closely coordinating efforts to remove obstacles and provide maximum support for investors to accelerate the construction of IPs under the approved plans. Among these, the specialized mechanical IP, located in North Tan Uyen district’s Binh My and Tan Lap communes and Tan Uyen city’s Hoi Nghia ward, developed by THACO Group, is expected to create new momentum for the province and the entire region while laying the foundation for establishing a new-generation industrial ecosystem.
Tran Ba Duong, CEO of THACO stated that most industrial enterprises in Vietnam are still small in scale and have not yet been able to deeply integrate into the global value chain. This has led to disruptions in the supply chain, due to heavy dependence on the international market. Currently, Vietnam has around 2,000 component and spare parts manufacturers, but only about 300 of them are involved in the supply chain. THACO’s investment in a specialized mechanical industrial park in North Tan Uyen district is not only aimed at serving the automotive sector, but also expanding into many other industries.
Currently, this project has been approved by provincial People's Council for the 1/5,000-scale general construction planning task. THACO is coordinating with relevant authorities to complete legal procedures for investment and construction, aiming at commencing the project in September 2025. The project covers an area of 786 hectares, with total investment of approximately VND 26 trillion, equivalent to over US$1 billion. Once operational, the IP is expected to create jobs for more than 32,000 workers.
To attract next-generation investment projects, Binh Duong has continued to facilitating investors across various sectors, including supply chain development, logistics and green growth under the province’s strategic direction. Binh Duong plans to invest in more than 53 km of railway infrastructure with total estimated investment of approximately VND 59.56 trillion. This railway will connect five cities and one district within the province, featuring six main stations—An Binh, Binh Chuan, Binh Duong, Chanh Luu, Tan Hung and Bau Bang—along with four passenger stops: Tan Binh, An Phu, Tan Vinh Hiep and Hoa Loi. Recently, provincial People’s Committee has approved a pre-feasibility study report for the Urban Railway Line No. 1 project from Binh Duong New City to Suoi Tien in Ho Chi Minh city. The project is expected to start at Station S1 in Binh Duong New City in Thu Dau Mot city’s Hoa Phu ward and end at Suoi Tien bus station, which is part of Ho Chi Minh city’s Metro Line No. 1 in Di An city’s Binh Thang ward. The total length of the route is 32.43 km, including a 29.01 km main line and a 3.42 km Depot connection segment.
“To achieve sustainable development, province-based IPs are proactively implementing solutions to attract higher-quality and more efficient investment capital. The development of the local IPs will become more specialized. Provincial People’s Committee is actively promoting investment procedures for the auxiliary mechanical engineering IP while further reviewing planning and addressing obstacles from other IPs. Provincial IPs Management Board is also closely coordinating with investors of IP infrastructure, especially in newly established IPs, to accelerate production projects and attract more investment projects in the coming time”, said Nguyen Trung Tin, Head of provincial IPs Management Board
Reported by Tieu My-Thanh Tuyen-Translated by Kim Tin
