Private enterprises invest in industrial park infrastructure development

Dong Nai is a key locality for industrial development and infrastructure in industrial parks in Vietnam. With dozens of industrial parks already in operation and others gradually taking shape, the province continues to attract numerous investors seeking to develop industrial park infrastructure.

A corner of Dong Xoai II Industrial Park (Dong Xoai ward, Dong Nai province), a project developed by Quang Minh Tien Joint Stock Company. Photo: Vuong The

Alongside investment projects by state-owned enterprises and infrastructure projects by foreign-invested enterprises, many private enterprises are also expressing strong interest in investing in and developing industrial parks in Dong Nai. The increasingly robust participation of the private sector is injecting new vitality into the industrial park market in Dong Nai in particular, and in Vietnam as a whole.

Growing interest from enterprises

A transparent investment environment, combined with comparative advantages in geographical location, technical infrastructure, cost, and human resources, has been a driving force behind Dong Nai’s strong performance in attracting investment in recent years.

On December 19, Dong Nai is expected to simultaneously launch infrastructure construction for three industrial parks: Long Duc 3, Bau Can – Tan Hiep (Phase 1), and Xuan Que – Song Nhan (Phase 1). All three parks are located near Long Thanh International Airport. These projects are being implemented by enterprises within the ecosystem of KN Holdings, led by entrepreneur Le Van Kiem. KN Holdings is a prominent private conglomerate in Dong Nai and throughout the nation, operating in various sectors, including infrastructure, services, real estate, golf courses, and more.

According to Nguyen Tuan Anh, a representative of Long Duc 3 Industrial Park Joint Stock Company, the investor is fully prepared to begin construction. The company hopes that local authorities will expedite the approval of compensation and support plans, enabling the rapid development of infrastructure and the early operation of the project.

Similarly, Vinh Loc – Ben Luc Industrial Zone Construction and Investment Corporation has submitted a proposal to study the development of a 500-hectare industrial park within the area zoned for the 2,600-hectare Bau Can – Tan Hiep Industrial Park. According to Nguyen Tien Trung, Chairman of the Board and CEO of the corporation, the company aims to implement the project in accordance with the province’s master plan and ensure coordinated development with surrounding infrastructure.

Likewise, the Dong Nai Wood and Handicrafts Association and its partners have proposed the development of a regional wood production and exhibition center covering approximately 1,000 hectares in the former Xuan Loc district. Mai Huu Tin, Chairman of the Board of  Truong Thanh Furniture Corporation, stated that Dong Nai has the necessary conditions, skilled labor, technology, and available land to restructure and reorganize the wood industry not only within the province, but nationwide. Establishing a concentrated production zone that brings together major wood enterprises would enhance the competitiveness of Vietnam’s wood products.

Interest in industrial development is not limited to the traditional southern areas of the province; the northern region (formerly part of Binh Phuoc Province) has also drawn significant attention from investors. Techtra Infrastructure Investment and Development JSC is currently conducting research for investment in the Dong Nam Dong Phu Industrial Park, located in Tan Loi and Dong Phu communes. The project had previously been approved for surveying by the Binh Phuoc Provincial People’s Committee, with a planned area of approximately 2,000 hectares. The company has completed the required procedures and submitted a survey report to the Dong Nai Provincial People’s Committee for consideration. At the same time, the investor is proposing access to an additional 310 hectares of land to support resettlement and social housing development. According to Tran Quoc Nguyen, Chairman of the Board of Techtra Infrastructure Investment and Development JSC, the company has secured financial resources. It is ready to implement the project, expressing hope for swift approval.

Towards building new-generation industrial parks

Dong Nai’s current policy for attracting projects to industrial parks prioritizes high-tech, modern, and environmentally friendly projects that require minimal land use and labor. Preference is given to projects that utilize future-oriented technologies and capitalize on the strategic advantages of Long Thanh International Airport and its surrounding areas.

Alongside the selective approach to attracting secondary investment projects, Dong Nai is also shifting its industrial park infrastructure development toward green and eco-industrial models. In line with the province’s overall strategy, developers of new industrial parks have stated that infrastructure investment will follow the direction of modern park development, integrating advanced technologies and optimizing cutting-edge solutions.

For example, Phuoc An Industrial Park is set to be developed as an ecological, environmentally sustainable model with modern and intelligent technical infrastructure. The investor aims to attract projects in supporting industries and high-tech sectors, creating a foundation for long-term and sustainable development. With a total investment of nearly VND 5.4 trillion and its strategic connection to Phuoc An Port – the largest seaport in Dong Nai – the industrial park is positioned to become a modern logistics and port-service hub. Truong Hoang Hai, CEO of Petro Vietnam Phuoc An Port Investment and Operation JSC, asserted: An industrial park integrated with a seaport will help Dong Nai establish a new chain of economic drivers, boosting growth for both the province and the wider region.

In recent years, Dong Nai province has consistently prioritized green and sustainable economic development, with a strong focus on converting existing industrial parks and developing new ones along ecological and environmentally friendly models.

The three upcoming industrial parks, Bau Can – Tan Hiep, Xuan Que – Song Nhan, and Long Duc 3, linked to Long Thanh Airport and the Bien Hoa – Vung Tau Expressway, are expected to become new growth poles attracting high-quality investment flows. According to the investor of the Bau Can – Tan Hiep Industrial Park, the project will follow a green, innovative, and integrated development model, incorporating rooftop renewable energy systems, advanced water and waste treatment technologies, and synchronized technical infrastructure that meets international sustainability standards. The industrial park will also feature public amenities and green spaces for experts and workers.

By Vuong The – Translated by Thu Hien, Minho