With the trend of investors shifting from neighboring markets to Vietnam, many industrial park investors in Binh Dinh are grasping the trend and focusing on attracting these customers.
Binh Dinh: Industrial zones ready to welcome investment shift
With the trend of investors shifting from neighboring markets to Vietnam, many industrial park investors in Binh Dinh are grasping the trend and focusing on attracting these customers.
Enterprises highly appreciate Binh Dinh's investment conditions
Mr. Cao Thanh Thuong, Deputy Head of the Binh Dinh Provincial Economic Zone Management Board (Management Board) informed that in 2024, the number of newly attracted projects was 23 projects, although it did not reach the assigned plan (30 projects), the total investment capital was high with 9,705 billion VND, 323.5% higher than the assigned plan (3,000 billion VND).
At the same time, business performance indicators exceeded the plan set for the year, such as total revenue reaching 60,014 billion VND; total export turnover reaching 867.6 million USD; total budget contribution reaching 1,182 billion VND.
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| In 2025, Becamex VSIP Binh Dinh Industrial Park has a target of attracting 20 projects, accounting for the majority of project attraction targets in economic zones and industrial parks in Binh Dinh province. |
In 2025, the Management Board is assigned to attract 49 new investment projects, with a total registered investment capital of at least VND 12,000 billion. Of which, Becamex Visip Binh Dinh Industrial Park (investor Becamex Binh Dinh Joint Stock Company) with the target of attracting 20 projects, Nhon Hoi A Industrial Park (Saigon - Nhon Hoi Industrial Park Joint Stock Company) and Hoa Hoi Industrial Park of Phuc Loc Industrial Park Development Investment Joint Stock Company both have the target of attracting 10 projects...
To complete the above targets, the Management Board said that the unit advised the Provincial People's Committee to issue criteria for management, investment, and development of industrial parks in Binh Dinh province in 2025; accordingly, the Management Board coordinated with investors in infrastructure of industrial parks to carry out investment attraction work, completing the targets assigned by the Provincial People's Committee in 2025.
At the same time, the Management Board reviews, updates, standardizes and publicly discloses processes, procedures, documents, preferential policies, and investment attraction in industrial parks and economic zones; issues related to land rental prices, shared infrastructure fees, equity capital, project investment deposits, etc.
On the investor side of the industrial park, according to Mr. Tran Viet Anh, Chairman of the Board of Directors of Saigon - Nhon Hoi Industrial Park Joint Stock Company (SNP), in 2024, Nhon Hoi Industrial Park - Area A attracted 8 projects with a total area of 45.6 hectares, total investment capital up to 1,452.43 billion VND.
Of which, 5 new projects with a total area of 33.7 hectares, total investment capital, 1,150 billion VND; 3 reserved projects have officially signed land lease contracts and started implementing the project (including 1 investor who has just been granted an investment policy approval decision) with a total lease area of 11.9 hectares, total expected investment capital of 302 billion VND.
In addition to the above projects, enterprises such as Binh Dinh Electricity Company; Nan Tong Company and Neotek Company (China); Sunrise Company (Singapore); Houselink Consulting Company (surveying and consulting for Swedish investors), Vinfast Company have all contacted and studied investment in Nhon Hoi Industrial Park - Area A, but due to some subjective and objective reasons, they have not been able to lease land and implement the project.
The SNP representative also mentioned that “according to observations and contacts with investors recently, most investors said that they were very satisfied with the enthusiastic support and determination in attracting investment of the Binh Dinh provincial government. Although there are still some limitations in the province's general traffic infrastructure conditions, they are currently being improved step by step and synchronously”.
Regarding Nhon Hoi Industrial Park - Area A, investors also expressed satisfaction with the completed and ready infrastructure as well as reasonable land rental prices.
Catch the investment wave
Recently, on January 10, 2025, SNP and Gainwell Vietnam Wood Co., Ltd., a member of Gainwell Group (Hong Kong, China) held a signing ceremony for a land use rights sublease contract.
According to the contract, Gainwell Vietnam Wood Company Limited leases land lot B3.04, with an area of over 5.5 hectares in Nhon Hoi Industrial Park - Area A to implement the Project of Producing high-class interior and exterior furniture and auxiliary materials with a total investment of 255 billion VND, a designed capacity of 800 million products/year, serving the domestic and foreign markets.
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| Mr. Guo LiangMing, Director of Gainwell Vietnam Wood Co., Ltd. and SNP representative signed a land lease contract at Nhon Hoi Industrial Park - Area A. Photo: SNP. |
According to SNP, under the impact of the US-China trade war and the shift in global supply chains, the wave of investment from China to Vietnam has been increasing strongly. In that wave, Binh Dinh province and Nhon Hoi Industrial Park - Zone A are becoming ideal destinations for high-tech enterprises from China wanting to invest and expand in Vietnam.
Regarding the investment attraction orientation in 2025, SNP representative said that seeing the industrial real estate market showing signs of "warming up", the Company will continue to attract investment in projects according to the approved industry planning for the remaining areas. During the year, SNP aims to attract a maximum of 10 projects.
Accordingly, SNP proactively attracts environmentally friendly projects, high value-added manufacturing industries... in the direction of urban industrial parks.
At the same time, the main market focuses on attracting investors who are planning to move their production facilities from China to Vietnam (such as Singapore, Japan, Korea and some other European countries); Vietnamese investors who are planning to expand their production and business scale or cooperate with foreign partners to build new production facilities locally.
Meanwhile, Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh Joint Stock Company, also said that in 2025, Becamex VSIP Binh Dinh Industrial Park will focus on attracting potential customers from the Chinese market, where there is a tendency to shift investment to Vietnam to avoid US tariffs on goods exported from China.
Accumulated, by early January 2024, Nhon Hoi Economic Zone and industrial parks attracted 417 projects with a total registered investment capital of VND 159,824 billion, the realized investment capital was about VND 50,920 billion (accounting for 32% of the total registered capital). Of which, 44 projects had foreign direct investment capital with a registered capital of USD 1,113 million.
Source: https://baodautu.vn/binh-dinh-cac-khu-cong-nghiep-san-sang-don-song-dich-chuyen-dau-tu-d240831.html
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