New "wave" into industrial zones

The province has attracted many large domestic and multinational corporations and investors. In the photo: Production at the container factory of Hoa Phat Group.

Large project chain in industrial park

In May 2025, at Chau Duc Industrial Park, Hoa Phat Group started construction of a container flooring factory project with a designed capacity of 70,000m³, equivalent to 2.5 million m² of products per year. This is a factory using the most modern production line today, with superior product quality, using raw materials from bamboo and rubber, meeting all international standards suitable for both container flooring and high-end products used in interior, transportation and construction.

Thus, in Ba Ria-Vung Tau, together with the container manufacturing factory with a capacity of 500,000 TEU/year in the expanded Phu My II Industrial Park, the flooring manufacturing project continues to become an important piece in the industrial ecosystem of Hoa Phat Group.

According to Mr. Vu Duc Sinh, Director of Hoa Phat Container Manufacturing Joint Stock Company, along with systematic investment in production technology and proactive domestic raw material sources, Hoa Phat invested in 2 projects in 2 industrial parks in Ba Ria-Vung Tau because they are located near deep-water ports, very convenient for transportation and export, especially in the field of container manufacturing.

Hoa Phat is one of many large enterprises and corporations that have invested strategically and systematically in Ba Ria-Vung Tau province in recent times. In particular, the province's concentrated industrial parks with their inherent advantages thanks to their prime locations and synchronously and systematically invested technical infrastructure have become "magnets" attracting many high-class investors.

Ba Ria-Vung Tau currently has 17 industrial parks approved for investment with a total area of over 9,000 hectares. Of these, 13 industrial parks have been in operation and 4 projects are under implementation. As of April 2025, nearly 3,650 hectares of land have been leased, reaching an occupancy rate of 69.42% of the land fund of the industrial parks in operation. In the first 4 months of 2025 alone, 40 domestic and foreign projects were newly granted certificates or increased their investment levels with a total registered capital of over 1.3 billion USD, reaching 69.34% of the annual plan. Notably, many projects have created production and supply chains in the fields of semiconductors, precision mechanics, and high-tech materials.

Creating a green industrial ecosystem

Mr. Phan Van Chinh, Deputy General Director of IDICO Corporation - JSC said that the company is currently operating the Phu My II Industrial Park system, IDICO Phu My II expansion and neighboring industrial parks in the region. IDICO's industrial parks are in prime locations, especially convenient for logistics and international trade. "Along with that, we have focused on building and providing synchronous, quality industrial park infrastructure, along with electricity-water systems and environmental treatment according to high standards, fully meeting the needs of domestic and international investors."

In recent times, IDICO's industrial parks have attracted many large corporations from Korea, Japan, China, Europe, typically Hyosung, Posco..., contributing to affirming Phu My City's position as an important industrial and seaport center of the region, along with other industrial parks.

According to Mr. Vo Thanh Phong, Head of the Provincial Industrial Park Management Board, in addition to focusing on solutions to reform administrative procedures and provide maximum support for businesses and investors, Ba Ria-Vung Tau province is pioneering the development of a green industrial park model to welcome the wave of high-quality investment.

The Provincial People's Committee is coordinating with the Japan International Cooperation Agency (JICA) to select Phu My III Industrial Park and Phu My II Industrial Park - Phu My II expanded to pilot the project of Technical Support for Building Model Industrial Parks/Smart Industrial Parks with ecological orientation and applying information technology in management and operation. The goal is to build a sustainable industrial ecosystem, where businesses can reuse resources and optimize production processes to minimize environmental impacts.

Mr. Vo Thanh Phong affirmed: “Creating the best conditions and environment for investment, production and business for enterprises, but Ba Ria-Vung Tau province is also determined to attract selective investment, not trading the environment for economic development. Therefore, investors in industrial park infrastructure and secondary projects need to ensure conditions in accordance with regulations on planning and environment in project implementation”.

Article and photos: QUANG VINH

Source: https://baobariavungtau.com.vn/kinh-te/202505/lan-song-moi-vao-khu-cong-nghiep-1043818/