Land rental rate in Binh Duong’s IPs tops 80%

The rate of land rental in the industrial parks (IPs) and industrial clusters in the southern province of Binh Duong has reached 80.8% and 70.6%, respectively, according to the provincial Department of Planning and Investment.

land rental rate in binh duong’s ips tops 80% hinh 0
At a footwear company in the Tan Hiep A IP in Di An, Binh Duong

Director of the department Nguyen Thanh Truc said the locality has 29 IPs, with 27 of them put into operation on a combined area of 12,743 ha, and 12 industrial clusters with a total area of 790 ha.

In 2018, investors in IPs and industrial clusters have paid attention to fostering promotion activities and investment for upgrading infrastructure. Around VND276 billion (US$11.8 million) were invested into developing industrial infrastructure facilities. 

The locality has attracted over US$1.3 billion from foreign investors and VND5.19 trillion from domestic ones into IPs and industrial clusters. 

Truc said in 2018, enterprises operating in the IPs have disbursed US$2 billion for the investment in workshops and equipment serving their production and business. Their revenue hit US$28.5 billion so far, and their exports, US$17 billion, making up 67.2% of Binh Duong’s export turnover. 

The local authority has directed investors to build IPs in accordance with the adjusted planning approved by the Prime Minister, according to which Binh Duong will have 33 IPs with a total planning area of 14,790 ha. The approval for expansion of Bau Bang and Cay Truong IPs is hoped to help the locality attract more investment to promoting service industry and urban development. 

The provincial People’s Committee said that along with implementing socio-economic development goals in the 2016-2020, attention will be paid to planning expanding and upgrading IPs towards meeting the demand of investors. 

The establishment of IPs and industrial clusters has created a key momentum to promote Binh Duong’s economic development, especially in processing and manufacturing industry. The province’s industrial production value accounts for 9.7% of the nation, and 24% of the Southeast region.

VNA

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.