Investing Over 1,300 Billion VND to Expand Bac Dong Phu Industrial Park in Binh Phuoc

The second phase of Bac Dong Phu Industrial Park will cover an area of 317 hectares with a total investment of 1,360 billion VND.

Deputy Prime Minister Tran Hong Ha recently signed the investment decision for the second phase of Bac Dong Phu Industrial Park. The project spans 317 hectares in Tan Phu Town, Dong Phu District, and Tien Hung Commune, Dong Xoai City, Binh Phuoc Province. The total investment for the project is 1,360 billion VND, with 204 billion VND coming from the investor’s equity capital. The project is being implemented by Bac Dong Phu Industrial Park Joint Stock Company.

The project is expected to be completed within 48 months from the date the investor is handed over and leased the land. The Deputy Prime Minister has instructed the People’s Committee of Binh Phuoc Province to oversee the investor to ensure the committed equity capital is contributed in full, including for cases where the company invests in other projects or business activities besides this one.

Established in 2009, Bac Dong Phu Industrial Park is a collaboration between Dong Phu Rubber Joint Stock Company and Nam Tan Uyen Industrial Park Joint Stock Company, with Nam Tan Uyen holding a 40% stake, equivalent to an original value of 120 billion VND as of September 2024.

The industrial park currently consists of two main projects: Bac Dong Phu Industrial Park (189 hectares) and Nam Dong Phu Industrial Park (69 hectares). To date, the industrial park has attracted 65 investment projects, including 40 foreign direct investment (FDI) projects and 25 domestic projects. The leased area has reached 136.42 hectares, with an occupancy rate exceeding 99%. The total investment in the project amounts to over 295 million USD and 453 billion VND.

The industrial real estate sector is considered the brightest and most promising market segment for 2025-2026. According to statistics from the Ministry of Planning and Investment, the industrial real estate sector has recorded nearly 31.4 billion USD in total foreign investment. This year, the country is expected to have 1,704 industrial clusters with a total area of 58,123 hectares.