Binh Thuan Industry: Bustling Time

In order to have more industrial land for development commensurate with potential, meeting planning, especially when many industrial parks (IPs) have been and are being formed in the province with phase 2, land funds in Ham Tan, Duc Linh and Tanh Linh districts are planned to add new IPs, Binh Thuan must strive to achieve an IP occupancy rate higher than this year's target of 40%.

Tuy Phong Industrial Park.

Infrastructure construction in Tuy Phong industrial park.

More industrial parks - less occupancy rate

These days, anyone passing through National Highway 1A, Vinh Hao Commune, Tuy Phong District, will immediately see the bustling construction site inside the sign: Tuy Phong Industrial Park. Because it is located along the road, all the movements of this 150-hectare area have always been within sight of the people. For a long time, since the province approved the investment, the land belonging to Tuy Phong Industrial Park has been abandoned, for many reasons, now the investor has started to build infrastructure, roads, electricity... promising a bustling life in this area.

In early May 2025, the investor of Tuy Phong Industrial Park infrastructure reported to the Provincial Industrial Park Management Board on the progress of completing the infrastructure at the Industrial Park, as a commitment to investment determination. Accordingly, for the items that have been granted construction permits such as leveling, rainwater drainage system, wastewater drainage system, traffic system on an area of ​​60 hectares of the Industrial Park, construction will be completed in July, October and December 2025 respectively. Shortening the time to complete this infrastructure is one of the requirements of the Provincial Industrial Park Management Board at the site inspection of the project's construction implementation on April 22, 2025.

Construction of power grid in Tuy Phong industrial park.

According to the above investment commitment, in the first quarter of 2026, Tuy Phong Industrial Park will be put into operation. From here, the industrial land area of ​​the whole province will increase, while also reducing the occupancy rate of industrial parks, if attracting secondary investors to lease land to build projects is not commensurate. What just happened is that when Tan Duc Industrial Park leased more than 200 hectares of eligible land to secondary investors, the occupancy rate of industrial parks in the province from 32% to 29.41%, despite the fact that since the beginning of the year, in the industrial parks in the province, secondary investors have started 4 large investment projects. Specifically, there are 3 domestic investment projects and 1 foreign investment project with a total registered investment capital of 592 billion VND and 35 million USD. But the land area for lease is only 16.08 hectares, of which the Novita Decorative Brick Factory project leases 5.98 hectares; Binh Thuan Sports Shoe Factory project leased 7.71 hectares; Asean Equipment, Trailer, and Specialized Vehicle Manufacturing and Assembly Factory project leased 1.5 hectares; Fruit Processing and Packaging Factory project leased 0.8943 hectares. With such a large difference in the number of leases and the number of leases, it is understandable why there are new industrial parks coming into operation, many projects starting construction showing the prosperity of industry, but the occupancy rate of industrial parks is decreasing.

Infrastructure construction in Tuy Phong industrial park. Photo: N.Lan

Moreover, in the near future, other industrial parks such as Son My I and II Industrial Parks, which are in the process of compensation, clearance, and infrastructure investment with very large areas, will be put into operation, so the occupancy rate of industrial parks in the province will decrease even more. Meanwhile, in order to have more industrial land for development commensurate with potential, meeting the planning, especially many industrial parks that have been and are being formed in the province with phase 2, the land fund in Ham Tan, Duc Linh and Tanh Linh districts is planned to add new industrial parks, then Binh Thuan must strive to achieve an occupancy rate of industrial parks higher than this year's target of 40%. Therefore, Binh Thuan is in a state of having to attract investment at a breakthrough level. Particularly, industrial parks that want to expand their area according to plan must also accelerate their occupancy according to regulations and ensure other criteria.

Nam Ha Industrial Park, Duc Linh

Son My 1 Industrial Park Model (internet photo)

Accompanying to achieve occupancy rate

Nearly completing the infrastructure of phase 1, the investor of Tan Duc Industrial Park has requested the province to create conditions for the group to invest in phase 2 with more than 600 hectares. The request to expand this industrial park, according to the leader of the Department of Agriculture and Environment, is based on Clause 8, Article 9, Decree 35/2022/ND-CP regulating the management of industrial parks and economic zones, 3 conditions must be met to be approved for expansion. That is, Tan Duc Industrial Park phase 1 must ensure a minimum occupancy rate of 60%, put into operation environmental protection infrastructure, industrial park infrastructure; The expanded industrial park must be able to connect, share technical infrastructure with the completed industrial park and put into use social housing for workers.

Tan Duc Industrial Park under construction. Photo: N.Lan

Tan Duc Industrial Park infrastructure is under construction.

It is worth noting that the occupancy rate at a specific industrial park not only creates conditions for infrastructure investors to adjust the industrial land quota of the project itself for expansion, but also supports the province in implementing the quota of the same name when calculating and accumulating projects at industrial parks in the province. For example, the numbers listed in the report of the Provincial Industrial Park Management Board in April 2025: "To date, the industrial parks have attracted 93 investment projects, including 66 domestic investment projects and 27 foreign investment projects with a total registered investment capital of VND 17,415.26 billion and USD 328.41 million, the leased area is 281.79 hectares, the occupancy rate is 29.41%".

In another development, Binh Thuan was recently granted an additional 4,300 hectares of industrial land, after implementing the plan to adjust the industrial land expansion target for industrial parks according to the Provincial Planning and having a written request to the relevant agencies, the Government promptly submitted it to the National Assembly for approval. Mr. Phan Van Dang, Permanent Vice Chairman of the Provincial People's Committee, who directly explained to be recognized for the additional industrial land area, said that in the current context of many challenges, it is necessary to emphasize the opportunities, potentials, and advantages of industrial development of Binh Thuan in a convincing manner.

Tan Duc Industrial Park is under construction.

In fact, up to this point, after clearing the traffic congestion point, Binh Thuan has gathered favorable conditions for industrial development, when currently there are 9 industrial parks approved for investment with a scale of 2,931 hectares. In just 5-6 years, that is, by 2030, according to the provincial planning, the total area of ​​industrial parks and economic zones of the province will be about 38,335 hectares. Of which, 10 industrial parks with a scale of about 3,048 hectares have been completed and are operating bustlingly and effectively. That excitement will be spread by the following large-scale projects such as Son My I BOT Thermal Power Plant, Son My II Thermal Power Plant and LNG Port Warehouse with a land use area of ​​156,123 hectares, registered investment capital of 5.4 billion USD, which have been approved by the Ministry of Industry and Trade and the Provincial People's Committee for investment in Son My I Industrial Park. Moreover, the US Embassy recently visited and worked with Binh Thuan to urge the formation of the above projects on schedule. In the immediate future, to create momentum for the above target and also contribute to increasing the occupancy rate of industrial parks this year to 40%, Binh Thuan is implementing investment promotion programs in large-scale industrial parks, specifically the first phase at the end of May in Ho Chi Minh City. This is the first "launch" for the Provincial Industrial Park Management Board, so it also says a lot...

Provincial leaders welcomed the US Embassy to visit and work with Binh Thuan.

Orientation of planning for development of industrial parks and economic zones to 2030, including: 6 newly expanded and developed industrial parks with a scale of 4,897 hectares; 5 new industrial parks oriented to supplement the provincial planning with a scale of about 3,380 hectares and 1 coastal economic zone in the south of the province in Ham Tan district and La Gi town with a scale of about 27,000 hectares.

Lesson 2 : Confidence from the new industrial domain

Source: https://baobinhthuan.com.vn/cong-nghiep-binh-thuan-den-hoi-nhon-nhip-130359.html