Tapping untapped potential, attracting investment to northern Dong Nai Province

Following the merger, the new Dong Nai Province now boasts the nation’s largest industrial scale. Across the province, 81 industrial parks have been planned, covering a combined area of more than 39,600 hectares; one hi-tech park spanning 497 hectares; and the Hoa Lu Border Gate Economic Zone, with an area exceeding 25,800 hectares.

Becamex – Binh Phuoc Industrial Park (Chon Thanh Ward) seen from above. Photo: Collaborator

Of the total land area zoned for industrial development across the province, the northern area of Dong Nai Province is home to 32 planned industrial parks, covering more than 18,000 hectares, along with the Hoa Lu Border Gate Economic Zone spanning over 25,800 hectares. Among the 32 industrial parks, 12 are currently operational, with an average occupancy rate of 49%. This indicates that the northern Dong Nai still offers substantial room to attract new investors.

Multiple advantages in attracting FDI to northern area

In the northern area of the province, among the industrial parks already in operation, several have reached full occupancy, including: Chon Thanh I Industrial Park in Chon Thanh Ward, covering 125 hectares; Minh Hung – Korea Industrial Park in Minh Hung Ward, with an area of 193 hectares; Minh Hung III Industrial Park spanning 292 hectares in Chon Thanh Ward; Dong Xoai II Industrial Park in Dong Xoai Ward, covering 85 hectares; and Bac Dong Phu Industrial Park, 190 hectares, in Dong Phu Commune. Meanwhile, a number of industrial parks are actively attracting investment, such as Becamex – Binh Phuoc Industrial Park with an area of 2,450 hectares; Minh Hung – Sikico Industrial Park covering 655 hectares; and Dong Xoai I Industrial Park with an area of 163 hectares… These are industrial parks well positioned to attract major investors with demand for large-scale land use.

The industrial parks in the northern area of Dong Nai Province not only help address the long-standing shortage of cleared industrial land, but also create room for sustainable growth, enhance the quality of FDI inflows, and drive the shift toward a high-skilled labor structure in Dong Nai in the coming period.

PHAM VIET PHUONG, Deputy Head of the Management Board of the Dong Nai Industrial and Economic Zones Authority (DIEZA)

Located at the northern gateway of the Southeast Key Economic Region, Becamex – Binh Phuoc Industrial Park is likened to the “heart of trade,” serving as a strategic connectivity hub linking regions and territories including the Southeast, the Central Highlands, and Cambodia. In the future, goods produced by investors at Becamex – Binh Phuoc Industrial Park will be transported directly to major industrial centers, seaports, and international airports thanks to a comprehensive transport network such as National Highway 13, National Highway 14, and the Hoa Lu International Border Gate – vital arteries that enable faster logistics, lower costs, and direct access to the ASEAN market.

Notably, in the coming period, when the Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway directly connects to the industrial park at the D9-N15 interchange, travel time to Tan Son Nhat Airport, Long Thanh Airport, and Cai Mep International Port will be significantly reduced, bringing high-quality human resources and production materials straight to investors’ factories. According to representatives of Becamex – Binh Phuoc Industrial Park, the developer has steadily built and developed the park into one of the industrial parks featuring synchronized infrastructure combined with modern utility services.

With a total area of more than 655 hectares, Minh Hung – Sikico Industrial Park in Tan Khai Commune, Dong Nai Province, is also one of the industrial parks located within the core transport network of the Southern Key Economic Region, contributing to the promotion of trade and goods transportation.

At a reception welcoming provincial leaders on the occasion of Vietnam Entrepreneurs’ Day (October 14), Huynh Thanh Chung, General Director of Hai Vuong Production, Construction, Trading and Agriculture Joint Stock Company – the project investor of Minh Hung – Sikico Industrial Park – said that Minh Hung – Sikico has so far attracted nearly 1.5 billion USD in investment capital, most of which comes from foreign direct investment (FDI) enterprises. According to Huynh Thanh Chung, the industrial park currently records an occupancy rate of over 60%. Its technical infrastructure has largely been completed in line with an eco-oriented approach, and it continues to attract investment projects in light industry, modern technology, and environmentally friendly sectors.

Maximizing advantages for investors

With their strategic locations, the industrial parks in the northern area of the province not only open the door for investors to access global markets but also serve as a driving force for socio-economic development at the local level and across the entire South Central Highlands region.

Factory invested in Becamex – Binh Phuoc Industrial Park. Photo: Collaborator

According to assessments by the provincial Management Board of the Dong Nai Industrial and Economic Zones Authority (DIEZA), the occupancy rate of industrial parks in the northern area of Dong Nai Province currently stands at just 49%, indicating significant untapped potential to be leveraged to attract investors, particularly FDI enterprises. With the advantage of large-scale, contiguous, and cleared industrial land, the area is well suited for new projects, especially large-scale manufacturing and supporting industries.

Deputy Head of the Management Board of DIEZA Pham Viet Phuong noted that following the merger, with the contribution of industrial parks in the northern area, the new Dong Nai Province is emerging as the next “hot spot” for attracting large-scale investment projects.

A number of high-potential industrial parks are actively calling for investors, including Becamex – Binh Phuoc, Minh Hung – Sikico, Minh Hung III, Nam Dong Phu, Bac Dong Phu, and Chon Thanh I, II, III, with infrastructure development being accelerated and strong capacity to accommodate projects with high requirements in land area and logistics.

Regarding its competitive advantages, the northern area of Dong Nai Province offers specific strengths such as lower land rental prices and investment costs compared to the southern part of the province; increasingly complete inter-regional transport connectivity linked to national highways, expressways, and the Central Highlands – Southeast corridor; and an abundant, easily attractable, and stable labor force. As a result, even without “special preferential policies,” these competitive advantages are positioning the northern industrial parks of the province as attractive destinations for the development of processing industries, agro-processing, and logistics in Dong Nai Province.

By Ngoc Lien – Translated by Quynh Giao, Thu Ha