Building on over 40 years of experience and development from Becamex IDC Corporation, Becamex Binh Dinh Joint Stock Company has established itself as a visionary developer. Becamex VSIP Binh Dinh Industrial Park and Township has become a modern, integrated industrial park, fostering a favorable investment environment, attracting capital for manufacturing and socioeconomic development, boosting the local economy, generating employment opportunities, and significantly contributing to the overall growth of Binh Dinh province.
Becamex Binh Dinh is leading the development of green and smart industrial parks, with a focus on transitioning to eco-friendly and sustainable industrial ecosystems
Green infrastructure
Becamex VSIP Binh Dinh Industrial Park and Township or Becamex VSIP Binh Dinh Industrial Park for short is a key project that plays a pivotal role and drives breakthrough socioeconomic development of Binh Dinh province by rapidly increasing the share of industrial production, stabilizing social security and advancing sustainable development. The project is invested and constructed by two leading industrial park & urban real estate developers in Vietnam, namely Becamex IDC and VSIP Group. Covering 1,425 ha (including 1,000 ha for the industrial park and 425 ha for four resettlement and residential areas), the project has a total investment fund of more than VND7,500 billion.
In addition to the strict standards that lead to current achievements, Becamex Binh Dinh continues to elevate industrial parks to a new position when it takes the lead in developing green and smart industrial parks, moving towards ecological industrial parks, and gradually contributing to reducing “carbon footprints”. To achieve the net zero emission goals pledged by the Vietnamese government at COP26 and make Becamex VSIP Binh Dinh an attractive destination for investors, Becamex Binh Dinh Joint Stock Company has adopted specific criteria of infrastructure planning and construction for Becamex VSIP Binh Dinh Industrial Park and Township since its inception. Of 1,000 ha of industrial area, 65% is for building factories and warehouses and the remaining 220 ha is for green areas, including trees and water surfaces.
Describing the company’s investment policy, Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh Joint Stock Company, said: “We do not attract investment at all costs but prioritize projects generating high economic value and using environmentally friendly advanced technologies. Furthermore, Becamex VSIP Binh Dinh follows the investment orientation of Binh Dinh province and flexibly applies regulations, mechanisms and policies to investors. It gives priority to key projects with great ripple effects on domestic and foreign investors.
In the future, the company will make further efforts to entice investors, he said, specifying that the company will organize and co-organize FDI promotion conferences with Binh Dinh authorities and Becamex IDC Corporation in potential markets such as North America, Europe, Japan, Korea, China and Taiwan. This initiative aims to enhance awareness among both domestic and international communities about Binh Dinh's significant potential as an investment destination in 2025 and beyond.
Becamex VSIP Binh Dinh is poised to become a leading destination for both domestic and foreign investors
Destination of FDI capital flows
Chairman of the Binh Dinh Provincial People's Committee Pham Anh Tuan said, the project, as a pillar, aims to develop a high-class urban, commercial and service area with synchronous modern infrastructure and a full range of convenient services like schools, hospitals, commercial and service centers. Once in operation, the project will create breakthroughs in Binh Dinh's industry by drawing large-scale foreign-invested projects, creating job opportunities for workers, joining hands to ensure social security for the people, driving a strong shift in the economic structure by rapidly raising the share of industrial and service sectors, improving labor productivity and boosting local economic growth. In particular, the project will help Binh Dinh gradually form an industrial belt (Van Canh - An Nhon - Phu Cat) linked with Phu Cat Airport Urban Area and soon realize the goal of becoming a major logistics center of the country as per the Provincial Planning for the 2021-2030 period, with a vision to 2050 approved by the Prime Minister.
In its short time of operation, Becamex VSIP Binh Dinh Industrial Park has already shown strong appeal and demonstrated the trust of investors in it. By the end of 2024, the project welcomed five FDI investors from Germany, the Netherlands, South Korea, Singapore and Hong Kong which hired 60 ha of land and registered to invest more than US$170 million. With the proud experience and long history of Becamex IDC Corp, the park is expected to become the nucleus of investment attraction and contribute to the economic and social development of Binh Dinh province.
Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh Joint Stock Company, said, what makes Becamex VSIP Binh Dinh Industrial Park attractive to investors is its geographical advantage, well-invested professional infrastructure, and large area. Lying in Subdivision 7, Nhon Hoi Economic Zone, Binh Dinh province, the project's important strategic location is convenient for connecting with key economic regions in the central region, domestically and internationally. With a seamless, convenient and diverse traffic infrastructure (National Highways 19, 9B, 1A and 1D) and proximity to National Highway 19C that directly links to Provincial Road 638, it is very convenient for tenants to reach National Highway 1A and travel to other provinces and cities, Quy Nhon International Seaport and Phu Cat International Airport to meet their freight transport needs. In addition, the North - South Railway runs past the project, ready to meet requirements for rapid and efficient freight transport by rail.
The attractiveness of Becamex VSIP Binh Dinh Industrial Park also comes from the goodness of Binh Dinh's investment environment featuring simplified, public and transparent administrative procedures, clear and reliable investment processes, and active support from local authorities. Besides, Binh Dinh has more than 1.5 million people, with 62.8% aged 30 or younger, more than half of which are of working age or a 913,000-strong labor force. Currently, the province is home to two universities, five colleges and many professional and vocational high schools that effectively provide human resource development requirements of the province. Given geographical location advantages, available labor resources and the attention and effort of Binh Dinh leaders in supporting and attracting investors, Binh Dinh province has all the elements to become a potential, dynamic and attractive investment environment.
With the province's preferential investment mechanisms and policies and the company's investor-centered service approach, Becamex Binh Dinh Joint Stock Company is confident that Becamex VSIP Binh Dinh Industrial Park will be a potential destination for domestic and foreign investors, creating stable jobs for local people and supporting sustainable socioeconomic development.
General Director Nguyen Van Lang emphasized: "Always supporting investors in all business aspects, Becamex Binh Dinh will work with the local government to ensure the best and most favorable conditions for them and affirm VSIP Binh Dinh Industrial Park as a sustainable and attractive investment destination for domestic and foreign investors in Binh Dinh".
By Duy Anh, Vietnam Business Forum
Vietnamese
