Up to now, Binh Duong has attracted over 41.8 billion USD in FDI, ranking third in the country, just behind Ho Chi Minh City and Ha Noi. It is projected that by the 2021-2030 period, with a vision to 2050, the province will have over 40 industrial parks (IPs) with synchronized infrastructure, developing towards green and sustainable industries.
Outstanding advantages in geographical location, transportation infrastructure
Binh Duong is located in the Southeast area of Vietnam and has the advantage of being a trade gateway connecting the Central Highlands provinces with Ho Chi Minh City – the economic center of the country and the provinces in the southern key economic region. Traffic, especially the road system in Binh Duong, is very developed, with many arterial roads such as National Highway 13, Ho Chi Minh Road, Ring Road 3, Ring Road 4, and Trans-Asia Road. From Binh Duong, it is convenient to connect with Tan Son Nhat International Airport and major seaports in the region such as Cat Lai, and Cai Mep-Thi Vai.
Along with focusing on investment in road transport infrastructure, Binh Duong also develops the railway transport system. Of which, the route Di An – Loc Ninh and the route Ho Chi Minh City – My Tho – Can Tho – Ca Mau are accelerating progress. Metro line 1 connecting Ben Thanh and Suoi Tien is under construction, expected to be put into operation in 2024, will help Binh Duong connect conveniently with Ho Chi Minh City and Dong Nai.
The favorable geographical position gives Binh Duong many opportunities for economic – cultural – social development: easily circulating goods, exchanging, and trading with Ho Chi Minh City and neighboring economic regions, easily accessing not only domestic but also international capital and human resources. The flat terrain also creates favorable conditions for the construction of an industrial park, factories in Binh Duong, and the development of the industrial strengths of the province.
Attractive investment environment
In addition to its prime location and developed transportation and infrastructure, Binh Duong is also one of the pioneers in developing green and sustainable industrial parks. Several new production and business models in Binh Duong, focusing on circular economy practices, have been successfully implemented, creating many business opportunities and enhancing the province’s competitiveness. With this trend, the province has attracted large FDI investors, such as Lego Group, with its project to build the first carbon-neutral factory in the world, with a total investment of 1.3 billion USD. Another example is the AB InBev brewery, which has operated a solar energy system that provides 20% of the company’s annual electricity needs.
Lego’s factory in Binh Duong is the first carbon-neutral factory in the world by Lego Group.
The province is actively seeking every solution to attracting increasingly high-quality and effective FDI capital, keeping conditions such as a clean land fund well-prepared, proactively planning industrial parks, and technology ecosystems, conducting human resources training, building social housing, housing for workers, etc. Binh Duong focuses on potential partners such as the US, Europe, Japan, Korea, Singapore, etc. to cooperate, receive technology transfer, and take advantage of the ability to spread them to the domestic industry. Over the past time, Binh Duong has continuously organized seminars and online conferences to promote investment, which attracts the attention of a large number of businesses and large corporations all over the world.
Binh Duong’s leaders meet and work with Tokyu Group’s leadership
During a meeting between the leaders of Binh Duong province and Tokyu Group, Mr. Hirohisa Fujiwara, International Business Director of Tokyu Group, stated: “Tokyu Group invests in Binh Duong due to the province’s significant economic potential and transparent, effective investment environment. The group will accelerate investments in sectors such as semiconductor science and technology, trade and services, and the TOD model (Transit-Oriented Development), which the province is prioritizing for development in the near future.”
With the right investment incentive policies and a favorable investment environment, the industrial sector of Binh Duong has achieved remarkable success. Binh Duong ranks third nationwide in FDI attraction, following Ho Chi Minh City and Ha Noi. According to the Binh Duong People’s Committee, in the first eight months of 2024, the province attracted approximately 1.36 billion USD in foreign investment, an increase of 4.7% compared to the same period in 2023.
Distribution of industrial zones in Binh Duong
Binh Duong has become the industrial capital of the South region in particular and of the country in general. Up to now, the province has 29 operational industrial parks (IPs) with a total area of over 12,662 hectares, and an average occupancy rate exceeding 93%.
Thu Dau Mot City
Located in the southwest of Binh Duong province, with the Saigon River flowing along the west, Thu Dau Mot city has a potential geographical position. This is a Class-1 provincial city, a key city for the economic development of the province, the Southeast region, and the southern key economic region.
- Thu Dau Mot has many large-scale industrial parks:
- Song Than III IP: Area of 428.03 hectares, established in 2005
- VSIP II IP: Area of 1,323.74 hectares, established in 2006
- Dai Dang IP: Area of 219.53 hectares, established in 2005
- Kim Huy IP: Area of 213.63 hectares, established in 2006
- Dong An II IP: Area of 158.51 hectares, established in 2006
- Mapletree Binh Duong High-Tech IP: Area of 74.88 hectares, established in 2005
- Phu Tan IP: Area of 106.54 hectares, established in 2005
Thuan An city
Thuan An is the bridge between Ho Chi Minh City and Thu Dau Mot City. The location adjacent to many districts of Ho Chi Minh City as well as the central areas of Binh Duong province, a large population, and an abundant labor market, are great advantages helping Thuan An attract investment.
Thuan An has many modern industrial parks:
- VSIP I IP: Area of 465.27 hectares, established in 1996
- Dong An IP: Area of 139.58 hectares, operational since 1996
- Viet Huong IP: Area of 36.06 hectares, operational since 1996
The 2nd GS Battery Factory, having DELCO as the General Contractor of Design – Build and provide smart factory solutions in VSIP Binh Duong Industrial Park – a model of a modern and international-wide industrial park.
Di An City
Di An is adjacent to Bien Hoa City (Dong Nai), which is the gateway to trade with the Central Highlands and South Central provinces.
Di An has many industrial zones with large scale and high value for the economic development of the region:
- Song Than I IP: Area of 178.01 hectares, established in 1995
- Song Than II IP: Area of 279.09 hectares, established in 1996
- Tan Dong Hiep A IP: Area of 50.44 hectares, established in 2000
- Tan Dong Hiep B IP: Area of 142.30 hectares, operational since 2001
- Binh An IP: Area of 24.78 hectares, established in 2003
- Binh Duong IP: Area of 16.5 hectares, operational since 1994
Ben Cat Town
Ben Cat is located in the center of Binh Duong province, adjacent to Thu Dau Mot, Bau Bang, Dau Tieng, and Cu Chi districts of Ho Chi Minh City, with the Saigon River flowing through, having the suitable terrain for industrial, agricultural, and tourism development.
Ben Cat is the land of rubber trees. Although the economy is more diversified now, this industrial plant still occupies an important position in the economy, with industrial zones:
- My Phuoc IP: Area of 376.92 hectares, established in 2002
- My Phuoc II IP: Area of 477.39 hectares, established in 2005
- My Phuoc III IP: Area of 984.64 hectares, established in 2006
- Protrade International IP (An Tay): Area of 494.94 hectares, operational since 2007
- Rach Bap IP: Area of 638.6 hectares, established in 2005
- Viet Huong II IP: Area of 198.75 hectares, established in 2003
- Thoi Hoa IP: Area of 202.4 hectares, established in 2004
See more: Industrial zones in Binh Duong attract 1.9 billion USD of FDI, ‘thirst’ for labor
Tan Uyen Town and Bac Tan Uyen District
Tan Uyen Town and Bac Tan Uyen District are geographically located near Dong Nai, Ben Cat Town, Phu Giao District, and Bau Bang District, and host many large industrial parks such as:
- VSIP III IP: Area of 1,000 hectares, established in 2008
- Tan Binh IP: Area of 352.5 hectares, established in 2012
- KSB IP (Dat Cuoc): Area of 523.22 hectares, established in 2007
Bau Bang District
As a new district, Bau Bang is in the initial stage of formation and development. Thanks to foreign investment capital, Bau Bang is a potential land to attract businesses, workers, and real estate projects. Bau Bang Industrial Park is an ideal place to attract investors in recent years: On a scale of 997.74 hectares, the occupancy rate is only 17.16%, focusing on attracting technology industries such as electronics, information technology, media and telecommunications, automotive technology, and supporting industries, etc. Additionally, the district hosts Cay Truong IP with an area of approximately 700 hectares, employing 35,000 workers.
Having consulted, designed – constructed industrial construction projects in Binh Duong, with many years of experience in the field, DELCO has been a reliable partner and a reputable Design-Build Contractor for many FDI projects from Japan, Korea, Taiwan, etc. in building high-quality factories, applying smart technology.
Industrial parks planned to develop in the period of 2021–2030, with a vision to 2050
- Tan Lap I IP
- Area: 200 hectares
- Location: Bac Tan Uyen District
- Lai Hung IP
- Area: 600 hectares
- Location: Bau Bang District
- Vinh Lap IP
- Area: 750 hectares
- Location: Phu Giao District
- Binh Duong Riverside ISC IP
- Area: 600 hectares
- Location: Ben Cat Town
- Bau Bang 3 IP
- Area: 1,146 hectares
- Location: Bau Bang District
- Bau Bang 4 IP
- Area: 500 hectares
- Location: Bau Bang District
- Bac Tan Uyen 1 IP
- Area: 786 hectares
- Location: Tan Uyen City, Bac Tan Uyen District
- Bac Tan Uyen 2 IP
- Area: 425 hectares
- Location: Bac Tan Uyen District
- Bac Tan Uyen 3 IP
- Area: 288 hectares
- Location: Bac Tan Uyen District
- Dau Tieng 1A IP
- Area: 800 hectares
- Location: Dau Tieng District
- Dau Tieng 4 IP
- Area: 782 hectares
- Location: Dau Tieng District, Bau Bang District
- Dau Tieng 5 IP
- Area: 500 hectares
- Location: Dau Tieng District
- Phu Giao 1 IP
- Area: 550 hectares
- Location: Phu Giao District
- Phu Giao 4 IP
- Area: 1,000 hectares
- Location: Phu Giao District
Development plan after 2030
- Bac Tan Uyen 4 IP
- Area: 770 hectares
- Location: Bac Tan Uyen District
- Bac Tan Uyen 5 IP
- Area: 500 hectares
- Location: Bac Tan Uyen District
- Bau Bang 5 IP
- Area: 1,000 hectares
- Location: Bau Bang District
- Phu Giao 3 IP
- Area: 500 hectares
- Location: Phu Giao District
