Artist’s impression of the Cay Truong Industrial Park. Image: Binh Duong Newspaper
The People’s Committee of Binh Duong province has recently handed over land to Becamex IDC (HoSE: BCM) to develop two new industrial parks, which are expected to commence construction this month.
According to Decision 1296/QD-UBND issued by the People’s Committee of Binh Duong province on May 14, Becamex IDC has been leased land (second phase) by the state, collecting a one-time payment for the entire lease term for the expanded Bau Bang Industrial Park project.
The leased area for Becamex IDC measures 369.3 hectares, located in Lai Uyen town and Cay Truong II commune, Bau Bang district. The land use term is until May 3, 2069.
Since May 2019, Becamex IDC has been leasing land in the first phase of this project, covering an area of 620.9 hectares. The lease term is also until 2069.
Also, on May 14, the People’s Committee of Binh Duong province issued Decision 1297/QD-UBND, allowing Becamex-IDC to lease land for the Cay Truong Industrial Park project.
As per the decision, Becamex-IDC has been leased 693.6 hectares of land for the project, situated in Lai Uyen town, Cay Truong 2 commune, Bau Bang district. The land use term is until September 30, 2056.
The expanded Bau Bang Industrial Park is located in Lai Uyen town, Cay Truong II commune of Bau Bang district, and Long Tan commune of Dau Tieng district, spanning an area of 1,000 hectares (including approximately 892.20 hectares in Bau Bang district and 107.78 hectares in Dau Tieng district). The projected total investment for the park is VND 3,500 billion.
The Cay Truong Industrial Park is situated in Lai Uyen town and Cay Truong II commune, Bau Bang district, Binh Duong province. The project is developed by the Industrial and Urban Development Corporation (Becamex IDC) with a total investment of over VND 5,459 billion. The industrial park is designed as an eco-industrial park, prioritizing the attraction of high-tech and environmentally friendly industries.
Earlier in May, the People’s Committee of Binh Duong province announced that the Cay Truong Industrial Park and the expanded Bau Bang Industrial Park would be inaugurated on the occasion of the 135th birthday of President Ho Chi Minh (May 19, 1890 – May 19, 2025).
According to Becamex-IDC’s consolidated financial statements for the first quarter of 2025, the company recorded an after-tax profit of VND 365.6 billion, triple the figure from the same period last year. Becamex-IDC attributed this increase to a VND 1,031 billion rise in revenue from sales of goods and services, resulting in a VND 130 billion surge in gross profit. Additionally, profit from joint ventures and associates increased by VND 211 billion compared to the previous year.
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Over the past 50 years, Becamex has transformed from a district-level enterprise into a leading industrial and urban development corporation in Vietnam, with notable projects such as the new city of Binh Duong, the provincial administrative center, and numerous VSIP-branded industrial parks.
A once-expansive industrial zone, quadrupling the size of Hoan Kiem District, is set to receive a further investment boost of VND 3,500 billion for its upcoming 1,000-hectare expansion.
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