Despite challenges from the broader economic downturn, industrial parks (IPs) under the Vietnam Rubber Group (VRG) successfully met their assigned production and business targets in 2024. They continued to support enterprises with diverse services, contributing significantly to the Group’s overall revenue and profit while driving sustainable growth and social impact.
Strong Performance and Investor Attraction
In 2024, VRG’s industrial park units achieved impressive results with total estimated revenue exceeding VND 1.286 trillion and profit surpassing VND 608 billion. The highest-performing units reached 119.2% of their revenue targetsand over 128% of profit targets. Indicators such as post-tax profit-to-charter capital ratio, average employee income, and dividend payout ratio all met or exceeded targets, with an average salary of over VND 14 million per month.
VRG’s industrial parks have become attractive destinations for domestic and foreign investors thanks to well-developed infrastructure, favorable geographical locations, and investor-friendly policies. Many enterprises are expanding or establishing factories in VRG’s parks due to advantages in policy, environment, security, and skilled labor availability.
To date, VRG’s industrial parks have attracted over 710 investment projects, including 394 FDI projects and 316 domestic projects, with total registered capital of USD 3.815 billion and VND 34.295 trillion. These projects have generated revenue of VND 18.243 trillion, post-tax profit of VND 7.625 trillion, and over 200,000 jobs, contributing VND 7.052 trillion to the State budget. The industrial park business has become a key driver of VRG’s performance, promoting efficient land use, industrial and service-sector growth, and sustainable economic transformation.
Strategic Vision and Long-Term Potential
Between 2021–2030, southern Vietnam’s industrial land supply will mainly come from the conversion of rubber land, which offers advantages such as large contiguous plots, fast site clearance, and low development costs.
From 2021–2025, VRG plans to complete legal procedures and invest in industrial and cluster park projects covering 2,921 hectares already approved or under consideration. In addition, the Group is working with authorities to develop an additional 16,592 hectares across Tây Ninh, Bình Dương, Đồng Nai, and Bà Rịa–Vũng Tàu—including 10,997 hectares developed directly by VRG and 5,615 hectares by its subsidiaries and partners.
With multiple new parks awaiting legal clearance, VRG’s industrial park business is poised for rapid expansion in the coming years.
Commitment to Green and Sustainable Development
VRG is steering its industrial parks toward an eco-industrial model, aligning with Vietnam’s climate-change adaptation efforts. By promoting green infrastructure, renewable energy adoption, and energy security, the Group demonstrates its strong commitment to sustainable industrial development and creating long-term value for the community and society.