A corner of Bac Dong Phu Industrial Park 

Important foundations

Bac Dong Phu Industrial Park and Nam Dong Phu Industrial Park are invested by Bac Dong Phu Industrial Park Corporation. The former was established in 2009 on a total area of 189ha, divided into two sections: 136-ha Section A and 53-ha Section B. The well-located industrial park adjoins Provincial Road 741 - the main axis that connects the most dynamic economic region of the Southeast with the Central Highlands. It is only 5 km from Dong Xoai City, the capital of Binh Phuoc province, and less than 100km from major ports in the region and Tan Son Nhat Airport.

Nam Dong Phu Industrial Park, formed in 2014, covers 69.42ha in Tan Lap commune, Dong Phu district, Binh Phuoc province. It also has a good location since it lies on the border of Binh Duong and Binh Phuoc provinces and right on Provincial Road 741. The park is 49 km from the center of Binh Duong province and only 80 km from Ho Chi Minh City.

Both industrial parks have a flat terrain and hard ground, thus significantly reducing construction costs and being good for constructing industrial and service facilities. At the same time, both are located on the main traffic axis, near densely populated areas, near abundant and rich raw materials and on the northwest gateway to the Southeast Key Economic Zone. Hence, they have been quickly chosen by domestic and foreign investors.

Up to now, both IPs have been fully occupied by more than 100 domestic and foreign investors and provided jobs for more than 15,000 workers. They have positively helped local socioeconomic development.

Potential and new space

In recent years, Binh Phuoc has been one of the fastest-growing localities in the Southeast region. In 2024, its gross regional domestic product (GRDP) rose 8.7%.

Working with Binh Phuoc province in July 2024, National Assembly Chairman Tran Thanh Man said that Binh Phuoc has a strategic and important role in the new economic corridor, acts as the gateway for economic, cultural and social exchanges between the Southeast region and the Central Highlands and the border with Cambodia.

The Binh Phuoc Provincial Planning for the 2021-2030 period, with a vision to 2050, states that, by 2030, Binh Phuoc will become a modern, effective and sustainable industrial province and an "attractive destination" of the Southeast region.

Mr. Pham Phi Dieu, General Director of Bac Dong Phu Industrial Park Corporation, said: Planning is a guideline and an important basis for the corporation to work out their business plans, especially when their two IPs, Bac Dong Phu and Nam Dong Phu, are fully leased.

Bac Dong Phu Industrial Park Corporation prepared and filed a request for expansion of Bac Dong Phu Industrial Park in 2020. In 2021, the Prime Minister agreed on the expansion investment and on the formation of more industrial parks in Binh Phuoc province, including expansion plans for Bac Dong Phu and Nam Dong Phu. To date, the firm has completed necessary documents for the second phase expansion of Bac Dong Phu Industrial Park (317ha) and the Binh Phuoc Provincial People's Committee explained the project to the Ministry of Planning and Investment to complete the appraisal report and submit it to the Prime Minister for final investment decision.

“If approved, the expansion project is a momentous development milestone because the expanded area is larger than the existing one, which will create a premise for the firm to develop further since Binh Phuoc province is resolved to bolster industrial and service development. The progress in infrastructure development, open investment policies and increasingly streamlined administrative procedures will be important magnets to investors,” he noted.