Long Duc Industrial Park (Phase 2) is located in Long Duc commune, Long Thanh district, Dong Nai province, covering an area of nearly 294 hectares. The area of land leased to Joint Stock Company for Architecture and Interior Nano, and the area of transportation infrastructure constructed by the state are excluded from the total area handed over to the investor. The project has a lifespan of 50 years.
The People’s Committee of Dong Nai province directs the provincial Industrial Park Management Board and related agencies to request the investor to review, calculate, and determine the total investment capital in line with the construction planning approved by the competent authority, as well as construction laws and other relevant legal regulations. This ensures the quality of the industrial park’s technical infrastructure towards modernization.
The Deputy Prime Minister assigns the People’s Committee to direct the provincial Industrial Park Management Board to specify the project implementation progress, which should not exceed 36 months from the date of the decision on land allocation, lease, or conversion of land use purpose.
The People’s Committee is responsible for formulating and implementing a plan for land retrieval, compensation, site clearance, conversion of land use purpose, and land lease to realize the project. This should align with the approved documents regarding the project’s scale, location, and progress, while adhering to the Law on Land, the Law on State Asset Management, and other relevant legal provisions. The land lease for the project does not involve auction of land use rights or bidding to select investors, ensuring no state asset loss.
Currently, Dong Nai has 32 established industrial parks with a total area of over 10,657 hectares, of which more than 6,000 hectares have been leased. According to the approved plan, by 2030, Dong Nai aims to invest in the completion of 48 operational industrial parks (second only to Long An province with 51 industrial parks) with a total area of 18,443 hectares, in line with the allocated area according to the land use planning criteria.
Who is the investor?
VRG Long Duc was established on June 16, 2015, with its head office in Loc An – Binh Son Industrial Park, Long Thanh district. Its main business line is construction.
The initial chartered capital was VND 100 billion, with three founding shareholders: Joint Stock Company for Investment and Development of VRG Long Thanh (a subsidiary of Saigon Investment VRG (HOSE: SIP) owning 69%) and Mr. Tran Manh Hung – Chairman of the Board of Directors of SIP and also Chairman of VRG Long Thanh; Limited Liability Company Dong Cao with 20% stake, and Mr. Huynh Duy Kha with 5%. At that time, Mr. Tran Cong Kha was the Chairman of the Board of Directors and legal representative of the company.
In March 2016, the company increased its capital to VND 200 billion. In March 2017, Mr. Lu Thanh Nha (General Director of SIP) replaced Mr. Tran Cong Kha in his position.
In early 2019, VRG Long Duc further raised its capital to VND 235 billion. According to the Q4/2024 financial statements, SIP currently holds a 75% voting stake in VRG Long Duc.
According to the 1/2000 construction planning project for Long Duc Industrial Park (Phase 2), the development of the industrial park will focus on a diverse range of industries that employ modern technology and cause minimal environmental pollution. Priority will be given to high-tech industries that utilize skilled labor, auxiliary industries, and logistic activities.
Included in the list of industrial parks in Dong Nai province approved by the Prime Minister, with a total area of 580 hectares, Long Duc Industrial Park (Long Duc I) has been constructed on a scale of 281.3 hectares.
Master plan of Long Duc Industrial Park – Phase 2
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Thanh Tu
– 10:26 12/02/2025
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