Binh Duong recently held a groundbreaking ceremony for two industrial parks: Cay Truong Industrial Park and the expansion of Bau Bang Industrial Park (Phase 2).
With a total investment of over VND 5,459 billion, Cay Truong Industrial Park is planned over an area of 700 hectares, aiming to attract high-tech, environmentally friendly industries, and is expected to create jobs for approximately 35,000 workers.
The expansion of Bau Bang Industrial Park (Phase 2) adds an additional 380 hectares of clean land adjacent to the existing industrial park. It features a modern and synchronized infrastructure to cater to the needs of large-scale industrial investors.
With a planned investment of VND 3,500 billion, the expansion of Bau Bang Industrial Park (Phase 2) is designed as an eco-industrial park, harmoniously combining production development and environmental protection. It aims to attract high-quality enterprises, especially those with a focus on green development.
In terms of technical infrastructure, both industrial parks are developed to international standards, integrating modern digital solutions such as smart monitoring systems, IoT connectivity, and automated management and operation.
Notably, Cay Truong Industrial Park boasts superior connectivity as it is located along the strategic Bac Tan Uyen – Phu Giao – Bau Bang road (10 lanes), which was officially put into use in 2024, enhancing transportation capacity and attracting efficient investments.
These two projects are expected to become symbols of smart, eco-friendly industrial parks, integrating digital technology and renewable energy.
Binh Duong – Vietnam’s Industrial Heartland
Binh Duong province holds a strategic role and possesses numerous advantages in terms of geo-economics, infrastructure, urban development, and industry.
Located in the key economic region of Southern Vietnam, it serves as a gateway to Ho Chi Minh City and is connected to the country’s vital transport arteries.
With its flat terrain, fertile land, abundant resources, and mild climate, Binh Duong enjoys favorable conditions for the robust development of industries and services.
The province boasts a large-scale industrial park system with a high occupancy rate, serving as a significant growth driver for the entire Southeast region and the country.
Binh Duong is known as Vietnam’s industrial heartland due to its rapid industrialization and well-planned infrastructure development strategy. According to the Vietnam Real Estate Brokers Association (VARS), Binh Duong has the largest industrial park area in the country, with a total area of 12,721 hectares, accounting for 25% of the total industrial park area in the South and 13% nationwide.
Currently, the province has 29 operational industrial parks with an occupancy rate of 91%, demonstrating its strong appeal to domestic and foreign investors, particularly in the fields of processing, manufacturing, high technology, and green production.
The provincial planning towards 2050 foresees the development of 48-50 industrial parks, spanning over 25,000 hectares, with a vision to become a regional hub for production, innovation, and integrated services.
Binh Duong is also one of the localities that maintain a stable and higher-than-average GDP growth rate in Vietnam. By 2024, the province’s economic scale reached approximately VND 520,000 billion, taking the lead in the region in terms of Gross Regional Domestic Product (GRDP).
As of early 2025, the province’s economic growth in the first quarter reached 6.74%, significantly higher than the same period last year. Exports surpassed USD 8.5 billion, and budget revenue exceeded VND 24,700 billion, an increase of 32%.
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“NHS Gateway Bac Giang, a highly anticipated development, hit the market in April, offering a strategic location adjacent to the industrial park. With all legal procedures completed and necessary qualifications met, this project quickly became the focal point for those seeking accommodation and investment opportunities in Lang Giang. The area has witnessed a surge in demand, and NHS Gateway Bac Giang is poised to cater to this rising trend.”
Establishing the Appraisal Council for the Binh Duong – Suoi Tien Metropolitan Railway Project
The Deputy Prime Minister, Tran Hong Ha, has approved the establishment of a State Appraisal Council to review the pre-feasibility study report for the Metropolitan Railway Line No. 1, which will connect the new city of Binh Duong with Suoi Tien (Ho Chi Minh City). This significant development was announced on May 18th, with the signing of Decision No. 969/QD-TTg.
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The Green Industrial Revolution: Breaking Ground on Two Eco-Industrial Parks in Binh Duong
The two newly-developed industrial parks in Binh Duong Province are envisioned as eco-oriented hubs, seamlessly integrating technology and renewable energy. With their innovative design, these parks set a new standard for sustainable development and are poised to become the blueprint for future industrial areas nationwide.
Unlocking the Golden Potential: Will Binh Duong Attract Another Tech Giant?
This leading global enterprise is planning to expand its investment operations in Vietnam. With a strong presence already established in the country, the company is now looking to further strengthen its position and tap into the vibrant and burgeoning Vietnamese market. This expansion underscores the company’s commitment to driving growth and creating long-term value, not just for itself but also for the local economy and community. Details of the investment plan are yet to be unveiled, but the company assures that it will bring about significant developments and exciting opportunities for all stakeholders involved.
