Binh Duong greenlights 786ha industrial zone

The People's Council of the southern province of Binh Duong has officially approved the master construction plan for Bac Tan Uyen 1 Industrial Park (IP) project.

The project, developed by Thaco Group, spans an area of 786 ha and boasts an investment capital of over VND 26 trillion (over $1 billion). It will be located across Binh My commune, Tan Lap commune (Bac Tan Uyen district), and Hoi Nghia ward (Tan Uyen City).

Designed to specialize in mechanical engineering and supporting industries, the IP will cater to equipment manufacturing, component production, and high-tech sectors. Additionally, it is expected to attract businesses within the green industry.

Construction of the projected IP is slated to begin in September 2025 and is anticipated to create over 32,000 jobs upon completion.

Binh Duong province continues to stand out as one of Vietnam's most industrialized localities, significantly contributing to the country's export turnover. In 2024, the province achieved a 7.6% increase in its Industrial Production Index (IIP), reported $34.5 billion in exports, and ranked third nationwide for Gross Regional Domestic Product (GRDP) size , exceeding VND520.2 trillion (nearly $20.2 billion).

The province has also attracted over $42 billion in Foreign Direct Investment (FDI) and is currently planning 10 new industrial parks with a combined area of over 6,500 ha to meet growing investment demands.