In the robust and thriving economy, we must recognize the crucial role of industrial parks in Vietnam. The industrial parks located in key zones in North, Central and South regions attract significant domestic and international investment. Notably, industrial parks in Southern Vietnam are outstanding due to the rapid growth.
Industrial Parks in Southern Vietnam
Most industrial parks (IPs) in Southern Vietnam attract foreign investment, particularly in information technology, food production, and software development industry.
Compared to the North and Central regions, Southern Vietnam began developing its industrial economy in the 1990s, giving it an early advantage in terms of time and growth pace. Nowadays, the rapid development can be traced back to the establishment of industrial parks in Bien Hoa – Dong Nai province, followed by Binh Duong Province, which now boasts over 32 industrial parks.
The impressive growth is driven by the South’s large migrant population, which offers an abundant labor force and high consumer demand. Moreover, the well-developed infrastructure in the area, including road networks, drainage systems, and facilities, ensures efficient production and distribution from industrial parks to suppliers across the country.
However, industrial park in Southern Vietnam face a lot of challenges, notably decreasing availability of land and rising rental land costs, which require business investors to carefully planning of production and business strategy to ensure sustainability.
Among Southern regions, Binh Phuoc Province has gained significant attention, while Ho Chi Minh City and neighboring areas such as Dong Nai, Binh Duong, and Cu Chi are gradually reaching saturation.
Southern Vietnam is the Region with the Largest Number of Southern Vietnam is the Region with the Largest Number of Industrial Parks in the Country
Southern Provinces with the Largest Number of Industrial Parks
Southern Vietnam has a total of 183 industrial parks, mainly situated in main provinces and cities:
- Ho Chi Minh City: 19 industrial parks.
- Binh Duong: 31 industrial parks.
- Dong Nai: 39 industrial parks, with 31 currently in operation (including Ong Keo Industrial Park, Giang Dien Industrial Park, Amata Industrial Park, etc.).
- Long An: 51 industrial parks, 17 of which are in the completion phases.
- Ba Ria – Vung Tau: 15 industrial parks developed with green industrial practices.
Top 12 Largest Industrial Parks in Southern Vietnam
Here is some useful information about industrial park in Southern Vietnam for businesses to consider:
1. Tan Tao Industrial Park – Ho Chi Minh City
Address: Tan Tao Ward, Binh Tan District, Ho Chi Minh City.
Located in Tan Tao A Ward (Binh Tan District), Tan Tao Industrial Park offers easy access to surrounding areas within Ho Chi Minh City and neighboring provinces in Southern Vietnam. Moreover, with an area of 443 hectares and an occupancy rate exceeding 97%, the industrial park has proven to be highly attractive to businesses. Another advantage of Tan Tao is its direct connection to the national electricity and water grid, ensuring a stable supply of electricity and water for production activities.
Currently, Tan Tao Industrial Park hosts many well-known enterprises in the perfume, cosmetics, and skincare industries in Southern Vietnam. Notable examples include Dược Hậu Giang, An Lạc, and Goodtop.
Tan Tao Industrial Park Attracts a Large Number of Enterprises Every Leasing Cycle
2. Becamex Industrial Park
Address: Thanh Tam Commune, Chon Thanh District, Binh Phuoc Province.
With a total area of 1,993 hectares, Becamex Industrial Park is one of the leading industrial parks in Southern Vietnam. It attracts numerous enterprises with both domestic and international investment. Additionally, all businesses in Becamex are granted a two-year tax exemption on income.
The industrial park is strategically located along National Highway 14, facilitating trade between the Southeast region and the Central Highlands, while also providing easy access to neighboring countries like Cambodia and Laos. As a result, Becamex hosts a diverse range of industries, from real estate to transportation infrastructure, commerce, services, healthcare, and more.
3. My Phuoc 3 Industrial Park – Binh Duong
Address: My Phuoc Ward and Thoi Hoa Ward, Ben Cat Town, Binh Duong Province.
The investment capital at My Phuoc 3 Industrial Park has reached nearly 1.3 billion VND across an area of 999.7 hectares. This success is attributed to its strategic location, which facilitates the transportation of goods to neighboring areas such as Thu Dau Mot Town, central Ho Chi Minh City, Tan Cang Port, Tan Son Nhat Airport, and more.
Moreover, the industrial park has continuously developed its infrastructure, including power supply, water sources, wastewater treatment systems, and amenities, to create the best conditions for sustainable production and distribution activities. Notable brands operating in My Phuoc 3 Industrial Park include Samsung, Panasonic, and others.
My Phuoc 3 Industrial Park Continues to Grow Strongly Over Time
4. Bau Bang Industrial Park – Binh Duong
Address: Lai Hung and Lai Uyen Wards, Bau Bang District, Binh Duong Province.
Developed by Becamex IDC, Bau Bang Industrial Park shares many of the impressive advantages of Becamex Industrial Parks, such as stable power and water supply and high-quality infrastructure. Furthermore, this industrial park spans 2,000 hectares and is considered one of the largest industrial parks in Southern Vietnam, with a total investment capital of approximately 1.75 billion VND [5].
However, the occupancy rate of Bau Bang Industrial Park is over 17%, which causes a consideration for new businesses [5]. It helps not only reduce initial investment costs but also enables businesses to select locations that are convenient for the transportation of goods.
5. VSIP Industrial Park – Binh Duong
Address: Binh Hoa Ward, Thuan An City, Binh Duong Province.
With an area of 465.27 hectares and its proximity to Ho Chi Minh City, VSIP Industrial Park has become one of the ideal destinations for businesses focusing on products for domestic demand. Additionally, the land quality at this industrial park is well-suited for building production facilities, allowing companies to save time and investment costs.
Notably, the program to strengthen ties between Vietnam and Singapore at VSIP Industrial Park has attracted over 18 billion USD in investment. Also, it provides more than 300,000 job opportunities for local residents.
VSIP Industrial Park is a testament to the cooperation and development between Singapore and Vietnam.
6. Phuoc Dong Industrial Park – Tay Ninh
Address: Tay Ninh Industrial Park, Trang Bang Town, Tay Ninh City, Tay Ninh Province.
As one of the 11 largest industrial parks in Southern Vietnam, Phuoc Dong spans approximately 3,285 hectares. The industrial park has an occupancy rate of 67%, with over 54 investment projects (including 48 FDI projects) [1].
Notably, Phuoc Dong Industrial Park is located close to the Tay Ninh border gate and Tan Son Nhat Airport, making it a positive indicator for businesses planning to tap into the Southern Vietnam market and neighboring regions.
7. Phu My 3 Industrial Park
Phu My 3 Industrial Park spans over 1,000 hectares and is strategically located with strong connections to key areas (such as Mo Nhat River, Phu Hoa Road, Road 991B, etc.). This facilitates efficient domestic production and distribution at optimized costs for businesses.
As a result, within just 17 years of establishment and development, the industrial park has achieved a 70% construction density and a 60% occupancy rate. The majority of businesses in this area focus on manufacturing and trading machinery, electronics, automotive component assembly, yarn spinning, apparel, and more.
Phu My 3 Industrial Park is one of the locations attracting significant investment capital.
8. Protrade Industrial Park
Address: An Tay Commune, Ben Cat Town, Binh Duong Province.
Protrade has solidified its prominent position on the list of standout industrial parks in Vietnam. This industrial park currently spans nearly 5,000 hectares, with 77.86% of its area dedicated to industrial and warehousing purposes, and a total investment capital of approximately 2.425 trillion VND.
The key factor driving this impressive growth is its strategic geographical location, which is ideal for efficient distribution activities. Specifically, the industrial park is located along DT 744, connecting Ho Chi Minh City with Dong Nai, Binh Duong, and other key areas.
9. Hiep Phuoc Industrial Park – Nha Be
Address: Hiep Phuoc Commune, Nha Be District, Ho Chi Minh City.
Hiep Phuoc Industrial Park is one of the largest industrial parks in Southern Vietnam, covering nearly 1,686 hectares. Its impressive achievements after 28 years of operation stem from its prime location, which includes the Saigon Central International Port, along with Tan Cang – Hiep Phuoc and Saigon – Hiep Phuoc ports within the park itself.
In addition, the industrial park continuously develops a safe and sustainable infrastructure system, allowing businesses to implement long-term growth strategies.
Hiep Phuoc Industrial Park in Ben Tre Helps the District Develop a Strong Economy.
10. An Hiep Industrial Park – Ben Tre
Address: An Hiep Commune, Chau Thanh District, Ben Tre Province.
An Hiep Industrial Park is one of the industrial parks in Vietnam that are fully occupied fastest in 16 years after development. It welcomes a lot of businesses across various sectors such as coconut, animal feed, food products, seafood, and more.
The park benefits from its strategic location along National Highway 57C, connecting the region through Ben Tre, My Tho, Cat Lai Port, Hiep Phuoc Port, and other key points. Additionally, the park features a well-connected internal road system suitable for all types of vehicles, as well as a water supply and wastewater treatment system that meets standards, ensuring smooth production operations.
Thanh Thanh Cong Industrial Park is famous nationwide with a total area of thousands of hectares.
11. Phu An Thanh Industrial Park – Long An
Address: An Thanh Commune, Ben Luc District, Long An Province.
Although covering an area of 352 hectares, Phu An Thanh Industrial Park consistently maintains a high occupancy rate. It offers reasonable rental prices and a good location for easy access to the provinces in the Mekong Delta. Additionally, all investors enjoy a 100% tax exemption for the first two years and a 50% tax reduction for the following four years.
As of now, Phu An Thanh has attracted a diverse range of industries, including garment, textile dyeing, electroplating, food, and beverages.
12. Long Son Industrial Park – Ba Ria Vung Tau
Address: Long Son Commune, Vung Tau City, Ba Ria – Vung Tau Province.
Long Son Industrial Park is one of the essential large industrial parks in Southern Vietnam. With a total area of 1,200 hectares, Long Son provides favorable conditions for thousands of businesses in industries such as petrochemical refining, electricity, building materials, and mechanical engineering, among others. Additionally, Long Son offers reasonable rental prices and optimal fees, such as management fees and wastewater treatment fees, which are only 0.4 USD/m²/month.
Furthermore, this industrial park offers various tax incentives for businesses, including a tax exemption for the first two consecutive years and a 50% tax reduction for the following four years.
KTG Industrial – A Trusted Industrial Real Estate Partner in Southern Vietnam
KTG Industrial always accompanies businesses on their journey to remarkable growth.
KTG Industrial specializes in providing ready-built factory leasing services at key industrial parks in Southern Vietnam, particularly in Long Thanh, Nhon Trach, and Bien Hoa, Dong Nai. These factories are constructed according to international standards, equipped with full amenities, and benefit from excellent transportation connections to seaports, airports, and major economic centers. We are committed to offering efficient and sustainable workspaces for businesses, while contributing to the overall development of the community.
As a joint venture between Khai Toan Group (Vietnam) and Boustead Projects (Singapore), KTG Industrial not only provides high-quality industrial real estate but also pledges to sustainable development. With a strategic vision and a focus on environmental protection, we prioritize delivering long-term value to both our customers and society. KTG Industrial will continue to support businesses, contributing to the creation of sustainable and prosperous growth opportunities.
We hope that businesses now have information of the major industrial parks in Southern Vietnam. The article will assist investors in making decisions about the best locations for setting up production facilities, promoting robust and stable growth.
References:
[1] Khu cong nghiep Tan Tao – Ban Quan Ly cac khu che xuat va cong nghiep thanh pho Ho Chi Minh. (2015). Ban quan ly cac khu che xuat va cong nghiep thanh pho Ho Chi Minh. https://hepza.hochiminhcity.gov.vn/vn/khu-cong-nghiep-tan-tao
