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Towards a green and clean community
The Phuoc Dong Industrial Park (IP) is part of the Phuoc Dong – Boi Loi Industrial-Urban-Service Complex project, spanning over 2,910ha in Go Dau district and Trang Bang town, Tay Ninh province. With an initial investment of more than VND 5,000 billion (USD 350 million), the IP is developed by Saigon VRG Joint Stock Company (stock code: SIP), a member of Vietnam Rubber Industry Group. The park is master-planned under Decision No. 1477/QD-UBND by the Tay Ninh Provincial People’s Committee.
Photo: Phuoc Dong New City is a symbol of Tay Ninh’s investment attraction.
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The Phuoc Dong – Boi Loi Industrial-Urban-Service Complex is developed in two phases: phase 1 covers an area of 1,015ha, of which 95% has been leased, and phase 2 comprises 1,190ha, with 650ha already 60% leased and the remaining 540ha under infrastructure construction. Phuoc Dong IP focuses on infrastructure leasing and attracting high-tech industries such as electronics assembly and manufacturing, computer and semiconductor manufacturing, telecommunications cables and materials, electrical equipment, pharmaceuticals and medical equipment, precision engineering, new materials, nanotechnology, and advanced pollution-free technologies.
As of January 2025, the IP has successfully attracted registered investment capital exceeding USD 6 billion from domestic and foreign enterprises. In addition to industrial land and workshop leasing, VRG is also developing commercial townhouses within the urban area, attracting a large community of residents. The first phase of the urban area covers 247ha, of which 98.5ha has been completed with 100% infrastructure and 80% amenities. The remaining 147ha is undergoing further development.
Despite having only 900 products of garden houses, terraced houses, shophouses, and villas on the market, the low residential land density ensures that residents enjoy a wealth of amenities and green spaces. Phuoc Dong is truly becoming a green and clean industrial-urban complex, attracting both residents and major economic groups.
Built-up homes with complete ownership certificates
Following its successes, VRG has decided to focus on developing the urban area towards a green and clean community. Covering an area of 648ha, Phuoc Dong New City has been constructed with 205 commercial townhouses by VRG, ready for immediate occupancy and complete with pink book ownership certificates. The project is expected to be launched in June 2025.
Photo: MinhPhuLand surveys 205 townhouses built by VRG.
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VRG has signed an agreement with Minh Phu Land Joint Stock Company to exclusively distribute these commercial townhouses, with prices starting from VND 1.2 billion per unit. The urban area boasts a full range of amenities, including educational institutions, entertainment venues, healthcare facilities, and green parks, ensuring a stable and long-term lifestyle for its residents.
Analysts predict that these prices will shock the market, as commercial townhouses with permanent ownership certificates, green and clean environments, adjacent to industrial parks and national highways, and complete community amenities, priced from VND 1.2 billion (for a 1-ground 1-mezzanine house) to less than VND 2 billion (for a 1-ground 2-story house), are almost extinct in the southern real estate market due to the ever-increasing project development costs.
“This project embodies the philosophy of the five elements, with Fire as its central element for development. Fire generates Earth – fire creates land – symbolizing transformation and new beginnings, and it is the core of our development journey as well as our strong desire, belief, and energy for a prosperous and stable living environment. Phuoc Dong New City marks a new beginning and a desirable destination where the aspiration for a green and prosperous life ignites from within,” shared Mr. Tran Van Duong, Director of MinhPhuLand.
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About Phuoc Dong New City:
Investor: Saigon VRG Joint Stock Company
Developer: Minh Phu Land Joint Stock Company
Hotline: 0909302729
Website: https://phuocdongnewcity.vn
Launch date: June 2025
 Photo: Design of the commercial townhouse row at Phuoc Dong New City.
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Reference links for Phuoc Dong IP attracting over USD 6 billion in investment:
– 06:00 05/28/2025
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