Vietnam is known as an attractive destination for foreign investment, with many modern industrial parks being invested in and developed. This has especially drawn the interest of both international investors and domestic enterprises. Favorable economic policies, strategic geographical locations, and significant investment capital have created conditions for the robust development of large industrial parks, attracting a large number of enterprises engaged in production and business. In this context, BIC introduces you to the province with the largest industrial park in Vietnam today, providing an overview of the development of the domestic industrial sector.
The continuous development and growth of industrial parks (IPs) in Vietnam. In 2023, Vietnam had a total of 13 industrial park infrastructure investment projects approved by the Prime Minister, with a total area of about 3,858 hectares. Currently, there are 416 industrial parks established nationwide, with a total natural land area of approximately 129.9 thousand hectares. The industrial land area is about 89.2 thousand hectares.
Among the established industrial parks, 296 IPs are operational, with a total natural land area of about 92,200 hectares and an industrial land area of about 63,000 hectares. There are 119 industrial parks under construction, with a total natural land area of about 37.5 thousand hectares and an industrial land area of about 24.7 thousand hectares. The total industrial land area leased out of the IPs nationwide is about 51.8 thousand hectares, with an occupancy rate of about 57.7%. For the operational industrial parks, the occupancy rate is about 72.4%.
Industrial parks have demonstrated their important role in contributing to the total budget revenue, creating jobs, and enhancing Vietnam's competitiveness in the process of economic integration into the world. This development has also fostered awareness and consensus among local authorities about the role of industrial parks, simultaneously creating motivation for Vietnam's industrial parks to have more opportunities for strong and effective development in the future, contributing to the sustainable development of the national economy.
Dong Nai, with 31 operational industrial parks and an occupancy rate of about 84%, is the province with the largest operational industrial park in the country. Bac Ninh leads in the number of operational industrial parks in the North with 15 industrial parks. Hung Yen possesses the largest industrial land reserve planned for development in the country.
Some Notable Industrial Parks in Dong Nai
VSIP 2 Industrial Park
The VSIP 2 Industrial Park was established by the Vietnam-Singapore Industrial Park Joint Venture Company in 2006 with significant investment capital. Over many years of development, this IP has firmly established its position in Binh Duong province and surrounding areas. It is one of the industrial parks contributing to making Binh Duong the province with the largest industrial park in Vietnam.
The VSIP 2 project has a total area of 2,045 hectares and was developed in two phases: phase 1 in 2006 with an area of 345 hectares and phase 2 in 2008 with an area of 1,700 hectares. Currently, VSIP 2 has utilized 98% of its area, attracting 128 investment projects from over 22 countries and territories, creating jobs for 23,800 workers with a total investment capital of 1.3 billion USD.
Enterprises in VSIP 2 mainly operate in fields such as printing equipment, paper, packaging, seeds, electronics, medical equipment, electronic components, and food. The location of VSIP 2 is very advantageous, located in the center of Binh Duong province, 39 km from Tan Son Nhat International Airport, about 40 km from Ho Chi Minh City center, 47 km from Saigon Port, and 45 km from Thong Nhat station, facilitating the transportation and import-export of goods for enterprises.
Based on the experience of successfully building the VSIP Industrial Park and My Phuoc Industrial Park, Becamex has planned and developed Bau Bang Industrial Park with many outstanding advantages. In addition to industrial development activities, Bau Bang IP also attracts investors thanks to its unique, modern architecture that harmonizes with the surrounding landscape.
The transportation system in the IP includes a main road 62m wide and secondary roads 15m wide, just 100m from Binh Duong Avenue (National Highway 13), providing convenience for transportation. The combination of favorable location and natural features has created a comfortable living environment and favorable business conditions.
Becamex Bau Bang Industrial Park offers optimal access for businesses and the community thanks to its spacious internal road system and prime location:
- Only 100m from National Highway 13, an important trade gateway between the Southeast region and the Central Highlands.
- Near seaports and 62 km from Tan Son Nhat International Airport, taking just 90 minutes to reach Ho Chi Minh City, the largest commercial service center in the country.
Becamex My Phuoc Industrial Park was initially built on an area of 400 hectares. Currently, the IP has expanded with higher development scales through the phases: My Phuoc 2 (800 hectares), My Phuoc 3 (2,280 hectares), and My Phuoc 4 (Thoi Hoa IP) with 1,000 hectares. These industrial parks all have complete infrastructure, environmentally friendly, creating green and clean spaces for industrial production and urban activities, aiming for sustainable development for the North Binh Duong area.
Since its launch in 2002, Becamex My Phuoc IP has developed over nearly 20 years, inaugurating additional phases My Phuoc 2, My Phuoc 3, and My Phuoc 4 (Thoi Hoa IP). Becamex has achieved the goal of completing modern and synchronized infrastructure, helping stabilize the operation of the IP and contributing to the socio-economic development of Binh Duong.
Located strategically in the Southern Key Economic Quadrangle, 40 km from Ho Chi Minh City and 14 km north of Thu Dau Mot City, Becamex My Phuoc IP has many economic and geographical advantages. Additionally, this IP is near seaports and international airports.
Binh Duong has a favorable geographical location, situated in the southern key economic region, adjacent to Ho Chi Minh City and Dong Nai, with a conveniently connected transportation system. The province also has many preferential investment attraction policies, creating a favorable business environment for enterprises. Moreover, Binh Duong has a young, abundant, and well-trained labor force, along with a modern, synchronized technical infrastructure system, meeting the production and business needs of enterprises. These factors have helped Binh Duong become the province with the largest industrial park in Vietnam and the leading industrial center of the country. Contact BIC immediately if you want to invest and build a factory in the Binh Duong industrial park.
