On December 27, 2024, Deputy Prime Minister Tran Hong Ha signed a decision approving the investment policy for the Rach Bap Industrial Park Expansion Project in Binh Duong Province, with a total investment capital of VND 1.035 trillion (approx. USD 42 million). The project’s investor is An Dien Industrial Joint Stock Company.
Project Overview and Objectives
The project aims to develop and operate technical infrastructure for the expanded Rach Bap Industrial Park, covering a total land area of 360 hectares. The site spans An Tay and An Dien communes (Ben Cat town) and Thanh Tuyen and An Lap communes (Dau Tieng district), in Binh Duong Province.
Total investment capital amounts to VND 1.0349 trillion, including VND 157 billion in contributed capital from the investor. The project’s implementation period will not exceed 48 months from the date the State hands over or leases the land. The project’s operational duration extends until December 13, 2055. Investment incentives will be applied in accordance with current Vietnamese laws.
Government Oversight and Land Management
The Binh Duong Provincial People’s Committee has been assigned to guide the investor in determining specific implementation timelines, and to ensure all land recovery, compensation, clearance, and conversion procedures align with approved project scope and schedule.
Land allocation and leasing will comply with regulations under Decree No. 102/2024/NĐ-CP (July 30, 2024), ensuring transparency, no state asset loss, and proper handling of narrow plots under State management. The project will proceed without land-use right auctions or bidding, as permitted under applicable land and public-asset management laws.
The Binh Duong Industrial Parks Management Board will supervise and evaluate the investor’s performance, ensuring timely equity capital contributions and compliance with investment, land, and real estate business laws.
Implementation and Development Commitments
An Dien Industrial JSC, the project investor, will construct and operate the expanded Rach Bap Industrial Park infrastructure in accordance with the approved zoning plan. The company must use its own equity capital as committed, comply fully with legal frameworks, and meet all conditions required for real estate business activities in Vietnam.
The investor will also be responsible for attracting suitable manufacturing and industrial projects in line with the socioeconomic development strategy of the Southeast region and the industrial park development plan approved under Decision No. 790/QĐ-TTg.
Once completed, the Rach Bap Industrial Park Expansion will enhance the province’s industrial infrastructure, attract domestic and foreign investment, create jobs, and contribute to Binh Duong’s sustainable economic growth.