Local IPs transform for sustainable development
To continue attracting investment, enhancing competitiveness and fostering sustainable development, Binh Duong is prioritizing and allocating significant resources to developing industrial parks (IPs) with a focus on green and ecological practices.
Effective investment attraction
As of now, Binh Duong has had 29 IPs with a total planned area of 12,745.62 hectares, of which 28 are operational, covering 12,045.62 hectares, with an occupancy rate of 94%. These IPs have attracted significant investment, contributing crucial resources to the province’s socio-economic development. By the end of 2024, province-based IPs had 3,236 investment projects, including 2,543 foreign direct investment (FDI) projects with total registered capital of US$30.65 billion and 693 domestic investment projects with total registered capital of VND 95.84 trillion.
Trinh Hoang Tuan Anh, Deputy Director of provincial Department of Planning and Investment stated that Binh Duong's outstanding advantage compared to other localities lies in its transportation infrastructure and the interconnected industrial park infrastructure within the Southern Key Economic Region. This infrastructure meets the production and business needs of both domestic and foreign enterprises. Currently, Binh Duong is accelerating the implementation and construction of infrastructure projects, preparing optimal conditions to meet investors’ demands, aiming at enhancing cooperation efficiency, seizing opportunities and proactively attracting new FDI inflows.
In 2025, Binh Duong will continue accelerating the implementation and development of industrial park infrastructure in accordance with the plans approved by the Prime Minister. This includes further innovation and diversification in the types of industrial parks such as eco-IPs, auxiliary IPs, mechanical IPs and high-tech industrial compounds, to meet the development needs of the province, the Southeast region and the entire country. Simultaneously, Binh Duong is formulating policies and implementing initiatives to support and encourage the transformation of industrial production facilities in the southern region into areas focused on commerce, services, urban development, and high-tech industries, in line with the planning objectives.
Opportunities from new IPs
Recently, many investors such as Lego, Pandora and Tetra Pak have shown significant interest in green production through the construction of carbon-neutral factories and the utilization of renewable and green energy in their production and business activities. As a result, eco-IPs are increasingly becoming a key criterion for major investors, particularly foreign ones, who prioritize sustainable development and aim at aligning economic benefits with social and community responsibilities. This trend is closely tied to Environmental, Social, and Governance (ESG) standards.
According to Nguyen Trung Tin, Head of provincial Industrial Parks Management Board, the province is adapting to new circumstances by developing more specialized IPs to attract higher-quality and more effective investment projects. The focus is on establishing eco-industrial parks, high-tech parks and specialized IPs. For newly established IPs, in addition to multi-sector IPs, priority will be given to developing auxiliary, specialized, eco- IPs and high-tech parks. Under the plan, by 2030, Binh Duong aims at having 42 IPs covering a total area of 18,600 to 21,000 hectares. This includes the continued implementation of 33 planned IPs (29 already established and 4 under preparation for investment). Binh Duong has allocated nearly 20,000 hectares of new industrial land to form up a next-generation industrial belt along key routes such as Ho Chi Minh City belt road 4, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway and the Ho Chi Minh road with the section passing through Binh Phuoc, Binh Duong, Tay Ninh, and Long An provinces. The plan also includes nearly 200 kilometers of expressways running through Binh Duong, connecting airports and seaports. This will create new momentum and development space for the province...
Mai Hung Dung, Member of provincial Party Standing Committee and Permanent Vice Chairman of provincial People's Committee stated that in order to ensure rapid and sustainable industrial development, Binh Duong is currently focusing on implementing its smart city development roadmap. The primary orientations include attracting investment in high-tech, labor-efficient and environmentally friendly industries. The province is focusing on upgrading existing IPs and investing in next-generation IPs such as Vietnam-Singapore Industrial Park III, Cay Truong Industrial Park... These IPs are expected to significantly enhance the province’s competitiveness and ensure sustainable development.
In 2025, province-based IPs aim at attracting US$1.2billion-US$1.3 billion in foreign direct investment (FDI) and VND 1,000billion–US$1,100 billion in domestic investment. Investment in construction is expected to reach VND 5,700 billion, with 100–150 hectares of land leased or subleased. The local IPs also aim at attracting 15,000 workers and achieving total revenue of US$32billion–US$35 billion. Additionally, provincial Industrial Parks Management Board will advise on establishing and developing approximately 10 new IPs, invest in infrastructure development for planned IPs and enhance efforts to attract investment, particularly in new and high-tech sectors.
Reported by Ngoc Thanh-Translated by Kim Tin
