After just over five years of operation, Tan Binh Industrial Park (TBIP) has achieved impressive growth and strong investment performance. Mr. Nguyen Anh Tuan, General Director of TBIP, shared with Vietnam Rubber Magazine about the company’s achievements and its future development strategy.
Rapid Growth and Solid Foundation
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From the beginning, TBIP has received strong and timely support from the Vietnam Rubber Group (VRG), Binh Duong Province, and particularly from Phuoc Hoa Rubber JSC (PHR), which holds an 80% stake and has extensive experience in industrial infrastructure management and investment. This partnership has provided TBIP with a solid foundation for sustainable development.
Strategically located in the heart of Binh Duong Province, TBIP benefits from excellent connectivity via major highways, proximity to ports, airports, and neighboring industrial clusters. Positioned along DT741 Highway, TBIP connects seamlessly to regional transport networks and key material sources from Binh Phuoc and the Central Highlands.
Notably, the park leverages abundant rubber and wood resources supplied by PHR and other VRG subsidiaries — making it a prime destination for wood-processing, furniture, MDF, and natural rubber product manufacturers.
Thanks to efficient management, low initial investment costs, and competitive land lease rates, TBIP has quickly become one of the most attractive investment locations in southern Vietnam.
Currently, TBIP hosts 61 enterprises across 64 projects, including 33 domestic and 31 foreign-invested projects. Of these, 52 projects have been officially licensed, with a total domestic investment of VND 1,833 billion and foreign investment of USD 237.7 million.
Strong Financial Performance
TBIP has consistently delivered high profitability and stable growth.
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2018: Dividend payout of 15% (PHR received VND 19.2 billion).
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2019: Dividend payout reached 100%.
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2020: Continued strong results with 80% dividend payout, significantly contributing to PHR’s consolidated business performance.
Despite the challenges of the COVID-19 pandemic, TBIP exceeded all business targets for 2020:
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Land lease completion: 133.5% of plan
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Profit achievement: 145% of plan
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Profit-to-revenue ratio: 142.5%
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Return on charter capital: 145.1%
These results reflect TBIP’s effective management model, flexible business policies, and investor trust.
Building a Competitive and Investor-Friendly Environment
TBIP differentiates itself through flexible business policies and efficient investor support services, including:
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Fast and transparent land-use certification procedures
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Dedicated assistance for legal and administrative processes
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Active promotion through referrals from satisfied investors — a channel that has successfully generated multiple new investment contracts
With its strategic approach, TBIP has created a positive reputation within the investment community and contributed to local employment, providing jobs for around 14,000 workers in Binh Duong and neighboring provinces.
Sustainable Growth and Phase 2 Expansion
Looking ahead, TBIP is focused on both sustainability and expansion. The park continues to enforce COVID-19 prevention measures, support enterprises in maintaining production, and assist those affected by disruptions.
Environmental protection remains a top priority. TBIP aims to become a green industrial park, prioritizing low-emission, high-recycling industries such as wood processing and paper packaging.
With Phase 1 nearly fully leased, TBIP is now preparing to launch Phase 2, covering 1,055 hectares, in collaboration with local authorities and VRG. The park plans to expand into supporting industries such as:
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Electricity and water supply
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Telecommunication infrastructure
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Waste treatment and environmental services
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Green landscaping and urban utilities
These initiatives are designed to increase revenue, enhance competitiveness, and create a modern, sustainable industrial ecosystem capable of welcoming the next wave of investment.