Bac Dong Phu Industrial Park JSC Committed to Sustainable Development with Investors

Bac Dong Phu Industrial Park and Nam Dong Phu Industrial Park are invested by Bac Dong Phu Industrial Park Joint Stock Company.  The business motto of “Sustainable Investment and Development - Win-Win Relations” of the Company, the appropriate investment policy of the local government and a convenient location and traffic infrastructure have made the two industrial parks bright leading lights in investment attraction.

Bac Dong Phu Industrial Park has a total area of 189ha, including 136-ha Zone A and 53-ha Zone B. The park is located on Provincial Road DT741 - the main route from the Southeast and the Central Highlands, near to the heart of Tan Phu Town, Dong Phu District, Binh Phuoc Province. It is 7 km from the center of Binh Phuoc province, 70 km from Thanh Phuoc River Port, and 95 km from Tan Son Nhat International Airport. The current occupancy rate is 81%, largely serving foreign investors from Taiwan, India, Hong Kong and South Korea.

Nam Dong Phu Industrial Park, covering 69.42 ha, was established in 2014 in Tan Lap Commune, Dong Phu District, Binh Phuoc Province, lying adjacent to Provincial Road DT741, not far from the border between Binh Duong and Binh Phuoc provinces and standing the gateway of Binh Phuoc to Binh Duong, Dong Nai and Ho Chi Minh City. The industrial park is 49 km from the center of Binh Duong province, 21 km from the heart of Dong Xoai Town, and 80 km from Ho Chi Minh City. With relatively flat terrain, the park is suitable for building industrial and service constructions. Despite just being developed not long ago, the occupancy rate is 100%.

Both Bac Dong Phu and Nam Dong Phu are located on arterial traffic routes, in densely populated areas, in abundant material supply sources and in the northwest gateway to the southeast key economic region. The two industrial zones quickly became favorite destinations for domestic and foreign investors.

As the two industrial parks are mostly leased by tenants, to meet investors' demand for business spaces, carry out the Company's development quality and to follow the industrial development orientation of Binh Phuoc province, Bac Dong Phu Industrial Park Joint Stock Company filed applications for expansion of both industrial parks and got approval of the Prime Minister. Specifically, on January 14, 2021, the Prime Minister signed a decision approving the investment for expansion and establishment of more industrial zones in Binh Phuoc province, including the expansion of Bac Dong Phu Industrial Park and Nam Dong Phu Industrial Park by Bac Dong Phu Industrial Park Joint Stock Company. The expanded area of Bac Dong Phu Industrial Park is 307 ha and Nam Dong Phu Industrial Park is 480 ha. This is a huge development turning point for the Company because the expanded area is 3 times larger than the existing one, and this will create a premise for the development of the Company as Binh Phuoc determines to boost industrial and service development. These expansion projects also make an important contribution to local socioeconomic development when more investors come to invest and do business here.

Mr. Pham Phi Dieu, General Director of Bac Dong Phu Industrial Park Joint Stock Company, said the company conducted topographic and cadastral measurements; placed boundary markers; prepared detailed planning and environmental impact assessment; and actively worked with central and local authorities to complete procedures for early launch of investment decisions.

“The project is supported by the Government, central and local authorities. Despite facing numerous difficulties, Binh Phuoc province has emerged as a leading light in disease prevention and control, socioeconomic development and investment attraction when it stayed among the Top 5 most developed provinces/cities in the country. At the same time, with the accumulated experience, thorough preparation and high determination of the Company, I believe that the project implementation is on schedule as planned", he said.

The expansion investment of Bac Dong Phu Industrial Park and Nam Dong Phu Industrial Park not only creates a long-term and effective investment environment for investors but also, with the approved area, will help Binh Phuoc province attract big investors to lease large area and employ advanced technology, thus creating more jobs and boosting local socioeconomic development.

“I think that is also the common desire of the government, the locality and industrial park infrastructure developers. Bac Dong Phu Industrial Park Joint Stock Company, as an infrastructure developer, is committed to being ready to accompany and support tenants from the time they initiate their investment ideas till the time they carry out and operate their projects," he added.

By Vietnam Business Forum