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The Evolution of Three Industrial Zones in Long An: From Bad Debt to Business Opportunities

17 June, 2025

Long Duc Investment and Development JSC – ILD, established in 2005, is the investor of Duc Hoa III-Long Duc Industrial Park in My Hanh Bac commune, Duc Hoa district, Long An province. The provincial Economic Zone Management Board granted the initial Investment Registration Certificate on June 7, 2017, and the second adjustment on November 14, 2023.

In 2009, Duc Hoa III – Cali Long Duc Industrial Park (now known as Duc Hoa III-Long Duc Industrial Park), spanning 175.27 hectares, had its Environmental Impact Assessment (EIA) report approved by the Long An People’s Committee. In 2010, the industrial park was established per the provincial People’s Committee’s decision, with Cali – Long Duc JSC as the investor. The project was renamed in 2011 to Duc Hoa III-Long Duc Industrial Park, with Long Duc Investment and Development JSC – ILD as the new investor.

From 2011 to 2014, the project owner completed compensation and site clearance, acquiring a Land Use Right Certificate for 114.6 hectares. They also finished clearing the vegetation and leveling 20 hectares of land. However, the project was then temporarily halted to adjust and reduce its scale, reorganize functional subdivisions, and add several industries.

In 2020, Duc Hoa III – Long Duc Industrial Park was one of the component industrial parks of Duc Hoa III, and the Prime Minister approved a reduction in its scale from 175.3 hectares to 164.7 hectares.

According to the second adjusted Investment Registration Certificate, the project has a total investment capital of VND 5,863 billion, including VND 1,400 billion in contributed capital and VND 3,463 billion in mobilized capital.

Duc Hoa III Industrial Park covers a total area of 1,292 hectares and comprises 13 component parks.

Source: Proposal for Reducing the Area of Duc Hoa III Industrial Park, Long An No. 5420/BKHDT-QLKKT dated August 19, 2020, by the Ministry of Planning and Investment

According to the recently published EIA report in June, the project is committed to a timeline from Q4 2024 to Q4 2028 for official operation. It is expected to attract more than 22,400 workers when fully occupied.

Currently, the site has undergone compensation and site clearance, and a Land Use Right Certificate has been granted for 114.6 hectares. Vegetation clearance has been completed for the entire cleared area, and 20 hectares have been leveled. The remaining area of 50.1 hectares remains untouched, preserving its original state with wild vegetation.

The project is located to the east of the Trans-Asia Industrial Park, to the west of Duc Hoa III – Lien Thanh Industrial Park, to the south of Duc Thuan Industrial Cluster, and to the north of Provincial Road 823B.

Location of Duc Hoa III-Long Duc Industrial Park

According to mortgage information, the project has a land use term until 2060. The land ownership previously belonged to several individuals, and some portions of the project area were mortgaged at the Southern Bank before and after its merger with another bank.

The investor, Long Duc Investment and Development JSC – ILD, increased its charter capital from VND 340 billion to VND 1,760 billion in August 2021. Mr. Nguyen Dinh Minh (born in 1980) has been serving as the Chairman of the Board of Directors and General Director since 2021.

The Song Tan – Duc Hoa III Industrial Park had its Environmental Impact Assessment (EIA) report approved by the Ministry of Natural Resources and Environment (now the Ministry of Agriculture and Environment) in 2008, covering a total area of over 306.7 hectares.

In 2010, the Long An People’s Committee decided to establish the industrial park with AMIC Investment Joint Stock Company as the investor. From 2011 to 2014, the project owner completed compensation, site clearance, and land use right certification. They also finished clearing the vegetation and leveling the land. However, the project was then temporarily halted to adjust and reduce its scale, reorganize functional subdivisions, and add several industries.

In 2020, the Prime Minister approved a reduction in the project’s scale from 206.7 hectares to 244.6 hectares. In December 2024, the Long An People’s Committee approved the adjusted subdivision planning at a 1/2000 scale.

According to the first adjusted Investment Registration Certificate in January 2021, the project has a total investment capital of VND 685 billion, including VND 120 billion in contributed capital and VND 565 billion in mobilized capital. The timeline for implementation is from Q4 2024 to Q4 2028 for official operation. When fully occupied, the industrial park is expected to attract more than 33,400 workers.

The project is located to the east of Duc Hoa III – Muoi Day Industrial Park, to the west of Duc Hoa III – Minh Ngan Industrial Park, to the south of Duc Hoa III – Long Viet Industrial Park, and to the north of Provincial Road 823B.

Adjacent location of Song Tan – Duc Hoa III Industrial Park

The mortgage history shows that the project has a land use term until 2058. The land ownership previously belonged to several individuals, and some portions of the project area were mortgaged at the Southern Bank before and after its merger with another bank.

AMIC Investment Joint Stock Company was initially established as Song Tan – Duc Hoa Joint Stock Company with a charter capital of VND 80 billion. In 2007, the company changed its name to the current one.

Shareholder structure of the company at the end of 2009

In 2021, the company increased its charter capital from VND 120 billion to VND 250 billion, and in January 2023, it was further raised to VND 3,000 billion. Mr. Nguyen Van Duc has been serving as the Chairman of the Board of Directors and General Director since 2021.

The last industrial park, Duc Hoa III-Muoi Day, had its Environmental Impact Assessment (EIA) report approved by the provincial People’s Committee in 2008, covering an area of over 116.2 hectares. In June 2010, the industrial park was established, and Muoi Day Joint Stock Company (established in 2007) was the investor. In October 2010, the investor was permitted to change the company’s name to Muoi Day Real Estate Investment and Trading Joint Stock Company.

From 2011 to 2024, the investor compensated, cleared the site, and was granted a Land Use Right Certificate for nearly 114.4 hectares. They also finished clearing the vegetation and leveling 10 hectares of land. However, the project was then temporarily halted to adjust and reduce its scale, reorganize functional subdivisions, and add several industries. In December 2024, the provincial People’s Committee approved the local planning adjustment at a 1/2000 scale.

The project was granted the initial Investment Registration Certificate in 2017 and the third adjustment in August 2024, with a scale of 114.4 hectares and a total investment capital of VND 3,375 billion, including VND 1,483 billion in contributed capital and VND 1,463 billion in mobilized capital. The timeline for implementation is from Q4 2024 to Q4 2028. When fully occupied, the industrial park is expected to accommodate around 22,400 workers.

The project is located to the east of Duc Hoa III – Long Duc Industrial Park, to the west of Duc Hoa III – Song Tan and Duc Hoa III – Long Viet Industrial Parks, to the south of reserved industrial land, and to the north of Provincial Road 823B.

Location of Duc Hoa III-Muoi Day Industrial Park

The project has a land use term until 2060. Similar to the two industrial parks mentioned above, some lots in the Duc Hoa III-Muoi Day Industrial Park were previously mortgaged by companies such as Long “V” Joint Stock Company and Prefabricated House Joint Stock Company at the Southern Commercial Joint Stock Bank.

Muoi Day Company increased its charter capital from VND 132 billion to VND 2,000 billion in 2023, and Ms. Nguyen Khanh Linh has been serving as the General Director and legal representative since 2021.

Thus, the total investment capital of the three industrial parks amounts to over VND 9,900 billion. The investing companies were established in the 2005-2007 period and increased their charter capital to thousands of billions of VND in 2023.

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Thu Minh

– 16:24 16/06/2025