Ms. Nguyen Thi Phi Nga – Standing Deputy General Director of Phuoc Hoa Rubber JSC (CPCS Phuoc Hoa)shared that the company currently manages 15,687 ha of land, including 15,084 ha of rubber plantations and about 600 ha of other land across five districts and towns of Binh Duong Province. The company employs 2,077 workers with an average monthly income of VND 9.2 million per person.
Efficient Investment in Industrial Park Development
Phuoc Hoa Rubber holds an 80 % stake (VND 80 billion of VND 100 billion charter capital) in Tan Binh Industrial Park JSC, which covers more than 240 ha of commercial land. It also owns 32.85 % (VND 52.56 billion) of Nam Tan Uyen Industrial Park JSC, covering 330 ha and now expanding by another 345 ha.
Investments in industrial-infrastructure ventures have proven highly profitable.
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Tan Binh Industrial Park paid dividends of 80 % in both 2020 and 2021 (VND 102 billion each year), and 30 % in 2022 (VND 37 billion).
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Nam Tan Uyen Industrial Park distributed 120 % (VND 102 billion) in 2020, 90 % (VND 71 billion) in 2021, and 80 % (VND 47 billion) in 2022.
Labor Shortage and Land-Use Transition
Most of Phuoc Hoa’s land borders existing industrial zones in Binh Duong, where competition for labor is intense, leading to a shortage of latex-tapping workers. Meanwhile, rubber prices remain low, limiting revenue from latex production.
To adapt, the company has developed a 2021 – 2025 land-use plan with a 2030 vision, covering 10,702 ha, aligned with provincial and VRG (Vietnam Rubber Group) directives. The plan has already been approved by local authorities.
Breakdown of planned land use:
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4,992 ha – industrial parks
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1,018 ha – industrial clusters (8 in Phu Giao District, 4 in Bac Tan Uyen, 2 in Bau Bang)
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1,300 ha – residential areas
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1,400 ha – high-tech agriculture
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1,300 ha – other purposes
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Remaining 4,300 ha (28 %) – rubber plantations
The land earmarked for conversion consists mainly of degraded or low-yield areas, ensuring that rubber production efficiency is not affected.
Strategic Advantages for Industrial Development
Phuoc Hoa Rubber has completed allocation plans for land parcels designated for industrial parks (IPs), industrial clusters (ICs), and high-tech zones, all supporting Binh Duong Province’s economic development objectives.
The company enjoys key advantages in converting rubber land to industrial use:
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Lower compensation and faster clearance procedures compared with new industrial projects
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Competitive land-lease prices
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High return on investment thanks to existing infrastructure and proximity to major industrial areas
With these advantages, Phuoc Hoa’s 6,010 ha of planned industrial and cluster zones is expected to contribute significantly to both VRG’s growth strategy and Binh Duong’s industrial expansion goals.