To attract new investors — especially foreign direct investment (FDI) enterprises — industrial parks (IPs) under the Vietnam Rubber Group (VRG) are accelerating infrastructure upgrades, implementing incentive programs, and providing timely support to help businesses overcome challenges amid the COVID-19 pandemic.
Proactive Support for Enterprises Facing Difficulties
In recent years, the Long Khanh Industrial Park has made significant contributions to the development of industrial zones established on rubber plantation land by Dong Nai Rubber Corporation.
Following the park’s strong performance, the corporation decided to expand Long Khanh Industrial Park (Phase II) by 500 hectares. In 2021, focus is placed on completing infrastructure, monitoring construction quality, and collaborating with utilities and telecommunication companies to ensure synchronized and reliable services for investors.
To ensure environmental compliance, the company has strengthened monitoring of wastewater and stormwater systems, regularly testing discharge quality before it enters the common network. Coordination with local authorities is ongoing to include the 500-hectare expansion in the official land-use plan of Thong Nhat District, Dong Nai Province.
As of December 31, 2020, Long Khanh IP had 43 investors (24 domestic and 19 foreign), leasing more than 169 hectares — 96% of total leasable land. Of these, 28 investors are in operation, while 15 are completing investment and construction procedures, with a total registered capital of VND 8,290 billion.
These enterprises have created 12,000 jobs for local workers and residents nationwide, boosting industrial restructuringand contributing to Dong Nai’s socio-economic growth.
Despite the difficulties of 2020 due to COVID-19, the park exceeded its business targets, setting a foundation for continued success in 2021.
“We have closely assessed the pandemic’s impact on enterprise operations and workers,” said Mr. Nguyen Van Phuoc, Deputy General Director.
“Based on these evaluations, we proposed support measures to help stabilize production, such as deferring management and infrastructure fees without interest penalties, helping companies overcome temporary cash flow challenges.”
Accelerating Procedures and Expansion Projects
The An Dien Industrial Corporation is also collaborating with authorities in Binh Duong Province to accelerate approval for the Rach Bap Industrial Park Phase II Expansion Project, covering 360 hectares.
Currently, Rach Bap IP has 78 land lease contracts totaling 189 hectares, nearly 100% occupancy. The company is preparing technical design documents for the new phase and obtaining approval for office and service buildings to support tenants once Phase II is launched.
Land clearance for the 335-hectare expansion zone is underway, alongside cooperation with investors in fields such as security services, renewable energy, telecommunications, and waste treatment — enhancing the park’s operational efficiency and sustainability.
Marketing efforts are also being strengthened through advertising, branding, and brokerage channels, emphasizing a clean, green, and investor-friendly environment. The company targets 2021 revenue of VND 77 billion and pre-tax profit of over VND 31 billion, ensuring stable income for employees.
Adapting to the New Investment Wave
After 12 years of operation, Dau Giay Industrial Park has achieved impressive results. Despite pandemic challenges, the park maintained growth, achieving:
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2020 total revenue: VND 136 billion (+5%)
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Pre-tax profit: VND 99.5 billion (+8%)
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Planned dividend: 45%
Founded in 2008, Dau Giay IP covers 328 hectares with VND 120 billion in capital and a registered investment of VND 566 billion. By February 2021, the park had attracted 24 projects, leasing 199 out of 219 hectares (occupancy rate 91%). Of these, 15 projects are already in stable production.
Moving forward, the company plans to:
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Complete the remaining 20 hectares of infrastructure;
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Build ready-built factories for lease to diversify income;
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Prioritize industries with low environmental impact and high added value;
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Prepare for the 75-hectare Phase II expansion included in Dong Nai’s industrial zone development plan.
These initiatives position Dau Giay IP — and VRG’s entire industrial ecosystem — to capture the post-pandemic investment shift and strengthen Vietnam’s role as a regional manufacturing hub.