Hiep Phuoc Industrial Park is ready to welcome investors with 145 hectares of developed industrial land and 100 hectares of land under infrastructure development.

On the evening of January 20 (the 21st day of the 12th lunar month), Hiep Phuoc Industrial Park—the largest industrial park in Ho Chi Minh City—hosted the program “Celebrating Tet with Workers, Welcoming the Lunar New Year 2025.” This marks the 15th year that Hiep Phuoc Industrial Park has brought Tet celebrations to its workers.

During the event, Hiep Phuoc Industrial Park JSC, in collaboration with enterprises in the park, distributed 500 Tet gift packages to workers facing difficult circumstances.

Speaking at the program, Mr. Huynh Bao Duc, General Director of Hiep Phuoc Industrial Park JSC, stated:
“Our company is always ready to collaborate with Nha Be District People’s Committee and other departments in community activities to support local residents. As we enter 2025, the legal barriers related to land issues will be resolved. Hiep Phuoc Industrial Park is prepared to welcome investors to Nha Be District with 145 hectares of developed industrial land and 100 hectares under infrastructure development. This is a significant foundation and motivation for Hiep Phuoc Industrial Park to continue contributing to the growth of the local area and Ho Chi Minh City.”

Bac Ninh Province has called for the acceleration of land clearance for Nam Son – Hap Linh Industrial Park and Dai Dong – Hoan Son Industrial Park (Phase II).

The Bac Ninh People’s Committee recently issued a statement summarizing the conclusions of Vice Chairman Le Xuan Loi during a meeting on the progress of land clearance for the following projects: Nam Son – Hap Linh Industrial Park, Dai Dong – Hoan Son Industrial Park (Phase II), and the Tri Phuong II Pump Station irrigation channel.

Inside an industrial park in Bac Ninh Province. Photo: Van Truong

The statement highlighted that Vice Chairman Le Xuan Loi chaired the meeting, which included representatives from provincial departments, agencies, local authorities, and organizations such as the Provincial Military Command, the Office of the Provincial People’s Committee, the Department of Natural Resources and Environment, the Department of Agriculture and Rural Development, the Bac Ninh Industrial Park Management Board, the People’s Committee of Tien Du District, the Bac Ninh Land Development Center, and relevant project management boards and investors, including Kinh Bac Urban Development Corporation and SaigonTel.

After listening to reports, suggestions, and feedback from the departments and stakeholders, Vice Chairman Le Xuan Loi concluded:

It is essential to accelerate land clearance for the above-mentioned industrial park infrastructure projects to prepare sites for upcoming projects in the industrial parks.

Key tasks assigned include:

• For the 25.17-hectare land clearance at Nam Son – Hap Linh Industrial Park, the Tien Du District People’s Committee must focus on determining land prices, assessing and approving compensation plans, and conducting outreach to residents. The goal is to complete the approval and compensation process before January 22, 2025.
• For the remaining area of Dai Dong – Hoan Son Industrial Park (Phase II) in Vinh Phu Hamlet, Phat Tich Commune, the Tien Du District People’s Committee will coordinate with relevant units and SaigonTel to encourage residents to relocate remaining graves, provide resettlement support, and finalize compensation and land recovery procedures to enable the investor to complete the park’s infrastructure.

Bac Ninh currently has 14 industrial parks and 26 industrial clusters in operation, employing nearly 450,000 workers.

In 2024, Bac Ninh’s foreign direct investment (FDI) inflows are estimated at $4.8 billion, the highest in the country.

Deputy Prime Minister Tran Hong Ha signed Decision No. 145/QD-TTg on January 16, 2025, approving the investment policy for the construction and infrastructure business project of Bac Dong Phu Industrial Park Phase 2 in Binh Phuoc Province. The project investor is Bac Dong Phu Industrial Park JSC, a member of Vietnam Rubber Group (stock code GVR).

The two major shareholders of Bac Dong Phu Industrial Park are Dong Phu Rubber JSC (stock code DPR) with a 51% ownership stake and Nam Tan Uyen Industrial Park JSC (stock code NTC) with a 40% ownership stake.

The industrial real estate sector is expected to become a new growth driver for Vietnam Rubber Group.

The Bac Dong Phu Industrial Park Phase 2 project will be developed in Tan Phu Town, Dong Phu District, and Tien Hung Commune, Dong Xoai City, Binh Phuoc Province, with a total land area of 317 hectares. The total investment for the project is VND 1,360 billion, including VND 204 billion in investor equity.

This is the second large-scale industrial park project approved for Vietnam Rubber Group in recent weeks. On December 27, 2024, the expansion of Rach Bap Industrial Park (360 hectares) in Binh Duong Province, led by An Dien Industry JSC (a subsidiary of Vietnam Rubber Group holding a 92.67% stake), was also approved for development.

Bac Dong Phu Industrial Park Phase 2 is a highly anticipated project for Vietnam Rubber Group, Dong Phu Rubber, and Nam Tan Uyen Industrial Park amidst the limited availability of commercial industrial land within their portfolios.

One of the bottlenecks delaying the approval of Bac Dong Phu Industrial Park Phase 2 was the near-exceedance of Binh Phuoc Province’s allocated industrial land quota, as stipulated in Decision No. 326/QD-TTg issued on March 9, 2022, by the Prime Minister. This decision set national land use allocation targets for the 2021–2030 period, with a vision to 2050, and a five-year land use plan for 2021–2025.

The price movements and trading volume of Vietnam Rubber Group’s GVR stock from the beginning of 2024 to now. (Source: TradingView)

However, in March 2024, the Prime Minister issued Decision No. 227/QD-TTg, adjusting some land use targets until 2025, as allocated in Decision No. 326/QD-TTg. Consequently, Binh Phuoc Province gained an additional 828 hectares of industrial land for new projects by 2025, including Bac Dong Phu Industrial Park Phase 2.

With 317 hectares of industrial land added to the portfolio, Bac Dong Phu Industrial Park Phase 2 is expected to drive new growth for Dong Phu Rubber and Vietnam Rubber Group.

In terms of business performance, Vietnam Rubber Group estimated its consolidated revenue for 2024 to reach VND 26,307 billion, achieving 105.2% of the annual target and up 6.5% compared to 2023. Consolidated after-tax profit is projected to be VND 3,746 billion, reaching 109% of the annual target and increasing by 11% compared to 2023.