Expanded Bac Dong Phu Industrial Park: Attractive Hub for High-Quality Investment

With a solid track record, strong financial capacity, a green and smart industrial park development strategy, and careful preparation for the expansion project, Bac Dong Phu Industrial Park Corporation has gradually established itself as an attractive destination for high-quality investment flows. Our reporter spoke with Pham Phi Dieu, General Director of Bac Dong Phu Industrial Park Corporation, about the corporation’s 2025 business performance and its development orientation in the coming period.

The industrial park serves as an attractive destination for high-quality investment flows

Could you share your investment and business performance in 2025?

For Bac Dong Phu Industrial Park Corporation, 2025 was a successful year, marked by stable operations and a very healthy financial position. The two core industrial parks, Bac Dong Phu (189ha) and Nam Dong Phu (69.4ha), recorded occupancy rates of 99.5% and 100%, respectively. These figures reflect the sustained appeal of the industrial parks developed and operated by the corporation. To date, we have attracted 72 secondary investors, including 61 FDI enterprises from a wide range of countries and territories. In 2025, the corporation’s after-tax profit exceeded the approved plan. Another positive outcome was our sound and secure capital structure.

The expansion project of the Bac Dong Phu Industrial Park (Phase 2) received investment policy approval in early 2025. What progress has been made so far?

The Bac Dong Phu Industrial Park Phase 2 project covers 317ha, with total investment of VND1,360 billion, and received Government approval for its investment policy in January 2025. As the legal framework for planning was adjusted, particularly with the Law on Urban and Rural Planning taking effect on July 1, 2025, the corporation has proactively adapted and carried out the required steps in a structured and orderly manner.

We have worked closely with the Dong Nai Industrial and Economic Zones Authority to complete and secure approval of the 1/2000-scale zoning planning task. The planning dossier has been submitted to the provincial authorities for review and approval in accordance with regulations.

At the same time, we have completed key technical groundwork, including cadastral surveys, geological surveys, technical infrastructure connection surveys, and preparation of the environmental impact assessment (EIA) report in line with the green industrial park development orientation. Equity capital for the project has been fully arranged and is ready for deployment once site clearance is completed.

Amid ongoing fluctuations in the global and domestic economy and increasingly intense competition for investment, what solutions have you adopted to proactively respond and seize opportunities?

In response to global challenges and the new wave of investment relocation, we have focused on three strategic solution groups.

First is cost optimization and market diversification. The corporation has strengthened the use of internal resources to manage infrastructure investment costs, while diversifying its investor base with partners from countries and territories such as China, Japan, Taiwan (China), India, and others. This approach creates a buffer against localized trade disruptions.

Second is positioning Bac Dong Phu Industrial Park as a green and smart destination. From the planning stage of Phase 2, we prioritized low-emission industries, encouraged enterprises to install rooftop solar power systems, and invested in modern wastewater treatment systems that meet high standards. This direction aligns with global ESG trends and helps enterprises prepare for future carbon-related requirements.

Third is enhancing service quality and investor support. We work closely with enterprises from investment procedure consulting and construction through to production operations, while coordinating with vocational training institutions to supply high-quality human resources that match investors’ practical needs.

Bac Dong Phu Industrial Park consistently prioritizes wastewater treatment 

Following the administrative boundary merger, how do you assess the potential and investment attraction opportunities for industrial parks in the area, particularly Bac Dong Phu Industrial Park?

The merger of Binh Phuoc and Dong Nai to form the new Dong Nai province is not simply an administrative change but a strategic turning point in the region’s economic and industrial development. With an area of more than 12,700km², a population exceeding 4.4 million, and a synchronized infrastructure and logistics ecosystem directly connected to Cai Mep-Thi Vai Port and Long Thanh Airport, the new Dong Nai is set to become a major national growth pole.

The former Binh Phuoc area, now the northern part of Dong Nai province, is positioned as a strategic land reserve for long-term industrial development. It offers abundant cleared land, favorable terrain, and priority investment in connectivity infrastructure, particularly expressways. These conditions provide clear advantages in attracting large-scale, high-technology industrial projects.

For Bac Dong Phu Industrial Park, with its northern gateway location, we see it as an important link in the province’s continuous industrial corridor. The combination of Dong Nai’s industrial base and the former Binh Phuoc’s agricultural strengths also creates opportunities to develop agro-processing industries and build sustainable value chains.

With positive business results in 2025, thorough preparation for expansion projects, and a flexible development strategy, Bac Dong Phu Industrial Park Corporation is well positioned to attract high-quality investment flows, contributing to the goal of developing the new Dong Nai into a green, modern, and prosperous industrial center of the country.

Thank you very much!

By Quoc Hung, Vietnam Business Forum