With the advantages of industrial park infrastructure development experience from Becamex IDC and Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. in VSIP, along with land resources for industrial development from Vietnam Rubber Group (VRG) in Binh Duong province, the cooperation between the three parties during the 2025–2030 period is expected to realize an green industrial development plan, establishing green factories to welcome investors who are less energy-intensive and less labor-intensive as targeted by the province.
Contributing to local economic restructuring
Recently, VRG has signed a cooperation agreement with Becamex IDC and VSIP, marking a significant milestone in their collaborative relationship during the 2025–2030 period. Accordingly, the three parties will cooperate to develop ecological, smart industrial-urban-service zones and social housing projects in Binh Duong province, aiming at attracting high value-added industries and participate in the restructuring of the province’s industrial development space. This will create favorable conditions to welcome industrial enterprises and a labor force migrating from the southern to the northern area of the province, contributing to Binh Duong’s economic restructuring process.
Pham Ngoc Thuan, General Director of Becamex IDC affirmed that this cooperation agreement marks a major turning point in the province’s industrial development trend in the near future, especially in relocating industrial parks and factories from the south to the north of the province, in line with provincial planning for 2021–2030 with a vision to 2050. The three parties will collaborate to invest in large-scale energy production such as solar farms, wind power, gas power and other clean energy fields to provide a stable energy source in the province, contributing to the carbon neutrality goal and moving towards net-zero emissions by 2050 as committed by Vietnam.
In addition, the three sides will jointly invest in national key infrastructure projects such as belt roads, metro lines, railways as well as the development of science and technology parks, hi-tech industrial parks, data centers and more in Binh Duong. This will help build a new ecosystem, attracting new-generation investors, institutes, universities, research centers, experts and scientists to live and work in Binh Duong.
Creating more opportunities for sustainable development
Le Thanh Hung, General Director of VRG shared that VRG has strengths in investing in and operating industrial park infrastructure and renewable energy. In Binh Duong alone, its member units have invested in and operated six industrial parks with a total area of 1,857 hectares. According to provincial planning for 2021–2030 with a vision to 2050, about 8,000 hectares of rubber land will be converted to develop industrial parks. To contribute to the realization of the planning, VRG and its member units have taken the initiative to register as investors for these industrial parks.
“I believe this cooperation will open up many new development opportunities in the future, as well as strengthening our collaborative relationship for mutual growth, fostering closer ties and mutual support to promote the business and production activities of all parties involved. VRG will dedicate its best resources to accompany Becamex IDC and VSIP, jointly contributing to brand building, developing more prosperous and thriving localities and enhancing Vietnam’s competitiveness in the international arena”, said Mr. Hung.
VRG will dedicate its best resources to accompany Becamex IDC and VSIP, jointly contributing to brand building, developing more prosperous and thriving localities and enhancing Vietnam’s competitiveness in the international arena”, said Mr. Hung. VRG is the largest agricultural economic group in Vietnam, playing a pioneering and core role as the strategic planning center for the development of the country’s rubber industry. Becamex IDC and VSIP are among the most reputable enterprises in the field of industrial and urban real estate development in Vietnam. The cooperation among the three parties not only marks a significant milestone in their development journey, but also opens up numerous opportunities for strong and sustainable growth in industrial infrastructure, urban and social housing development; energy production and supply and investment in key national projects related to traffic, science – technology and innovation. Notably, the readily available reserve of converted green land will serve as a strong foundation for the upcoming development of infrastructure, green industrial parks and high-tech zones in Binh Duong province in the coming time.
Experts regard the signing of the cooperation agreement between VRG, Becamex IDC and VSIP as a vivid testament to the spirit of collaborative development among the three parties. It reflects their strong commitment to jointly contributing to the nation's journey of growth and global integration.
Reported by Minh Duy-Translated by Kim Tin
