Although it has been under development for just five years, Tan Binh Industrial Park (TBIP) has achieved remarkable success. Phase 1, covering 352.5 hectares, is almost fully occupied, prompting the early launch of Phase 2 ahead of schedule.
A Strategic Choice for Investors
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TBIP consistently provides investors with favorable conditions, ensuring that every enterprise choosing the park enjoys optimal support and incentives.
As of now, TBIP hosts 61 enterprises with 64 projects, including 33 domestic and 31 foreign investors. Of these, 52 projects have been officially licensed — 22 domestic projects with a total registered capital of VND 1.833 trillion, and 30 foreign projects totaling USD 237.7 million.
The park employs approximately 11,300 workers, including 450 foreign experts.
TBIP has also demonstrated strong financial performance, with 15% dividends in 2018 and 100% dividends in 2019, reflecting high investor confidence.
Prime Location and Cost Advantages
Strategically located in the center of Binh Duong Province, TBIP lies along major transport routes with convenient access to ports, airports, and neighboring industrial zones.
Situated on Provincial Road DT741, it connects smoothly with regional ring roads and key raw material sources from Binh Phuoc and the Central Highlands.
Importantly, TBIP benefits from an abundant supply of rubber and wood provided by Phuoc Hoa Rubber Company (PHR) and other VRG subsidiaries — an advantage that attracts wood-processing, MDF, furniture, and natural rubber-based manufacturers.
Additionally, thanks to a lean management structure and low initial investment costs (developed on PHR-owned land), TBIP offers highly competitive land lease prices compared to other industrial parks in the region.
Flexible Business Policies and Strong Investor Support
TBIP enhances its competitiveness through flexible business strategies and diverse support services.
“We are highly satisfied with TBIP’s infrastructure and, more importantly, the developer’s cooperative spirit of mutual benefit,” shared Mr. Zhou Zhijian, Deputy General Director of King Wood Co., Ltd.
“TBIP provides timely land use certification, responsive customer care, and a range of business support services that make it a reliable partner for investors.”
Alongside investment expansion, TBIP places strong emphasis on environmental protection, aiming to become a green industrial park with sustainable projects.
The central wastewater treatment plant operates 24/7 with a capacity of 2,500 m³/day, meeting all discharge standards before releasing water into the environment.
A real-time monitoring system transmits data directly to the Department of Natural Resources and Environment of Binh Duong, ensuring strict environmental compliance.
In 2019, TBIP proudly received the Corporate Sustainability Index (CSI) Certificate in recognition of its commitment to sustainable development.
Future Expansion and Vision
According to Mr. Nguyen Anh Tuan, General Director of TBIP:
“Phase 1 is nearly fully leased. In 2020, we focused on completing the remaining leases and began preparing for Phase 2, covering 1,055.83 hectares.
We hope to continue receiving strong support from VRG, Binh Duong authorities, and relevant agencies to finalize legal procedures and promptly welcome a new wave of investors.”
With its strategic location, competitive costs, strong industrial ecosystem, and commitment to sustainability, Tan Binh Industrial Park is positioning itself as a preferred destination for both domestic and international investors.