The leadership of the Vietnam Rubber Group (VRG) has urged its industrial park subsidiaries in Binh Duong Provinceto focus resources and leverage their potential to drive sustainable development and enhance economic efficiency.
Strong Performance Despite Pandemic Challenges
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Despite the impact of COVID-19, VRG’s industrial park businesses in Binh Duong recorded solid results in the first quarter of 2021:
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Nam Tan Uyen Industrial Park JSC achieved total revenue of VND 155.1 billion, reaching 32.85% of its annual target, and pre-tax profit of VND 127.6 billion (47.7% of the plan).
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Tan Binh Industrial Park JSC generated over VND 39.5 billion in revenue and VND 27 billion in pre-tax profit.
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An Dien Industrial JSC reported total revenue of VND 20.6 billion, achieving 26% of its target, and pre-tax profit of VND 10.8 billion (34%).
These results demonstrate the resilience and stability of VRG’s industrial parks in Binh Duong, which have nearly leased out all available land and continue to attract strong investor interest.
Expansion Plans and Strategic Cooperation with Binh Duong Province
During recent meetings between VRG and the Binh Duong provincial authorities, both sides reaffirmed their commitment to strengthen cooperation in industrial development.
Under the province’s master plan, industrial expansion will move northward, supported by major infrastructure and transport upgrades to facilitate logistics and trade.
This policy provides a clear advantage for VRG, as its member companies Phuoc Hoa Rubber and Dau Tieng Rubberown significant land reserves in northern Binh Duong. Based on a comprehensive cooperation agreement, the province will prioritize VRG projects in industrial parks, residential zones, and high-tech agriculture areas.
Key expansion projects include:
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Rach Bap Industrial Park (An Dien Industrial Co.) – expanding by 360 ha to reach a total of 638.6 ha.
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Tan Binh Industrial Park – moving forward with Phase 2, adding 1,055.83 ha.
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Nam Tan Uyen Industrial Park – completing procedures for 344.34 ha of new land allocation for its expansion phase.
Enhancing Service Offerings and Operational Efficiency
At a working session with VRG’s subsidiaries on April 13, Mr. Le Thanh Hung, VRG’s Deputy General Director, emphasized the importance of focusing resources to strengthen the industrial park and real estate sectors—recognized as high-value growth areas in Binh Duong.
“Leaders must stay updated on Party and government policies and apply them flexibly to their operations to ensure rapid and effective implementation,” – Mr. Hung stated.
Meanwhile, Mr. Tran Cong Kha, another Deputy General Director, noted that to maximize potential, industrial park developers must diversify leasing models, build ready-built factories and warehouses, and expand supporting service ecosystems. VRG will also accelerate brand development for the VRG Industrial Park system.
Towards Professional Management and Sustainable Growth
After visiting facilities and hearing reports, Mr. Tran Ngoc Thuan, Chairman of VRG’s Board of Directors, commended the efforts and achievements of all units in Binh Duong.
“The management systems at our industrial park companies have become increasingly professional. Moving forward, we must enhance operational flexibility to meet investor needs and focus on building smart, synchronized infrastructure to attract more high-quality projects,” he emphasized.
Mr. Thuan also requested Phuoc Hoa Rubber and Dau Tieng Rubber, along with VRG’s planning departments, to develop medium- and long-term expansion strategies aligned with Binh Duong’s master development plan—prioritizing land use for industrial zones, residential areas, and high-tech agriculture.