VSIP Binh Duong

• Land Development

One of Vietnam’s key economic zones, Binh Duong province has enjoyed rapid economic growth due to its focus on dynamic industrial development. Singapore and Vietnam’s maiden flagship industrial park project, Vietnam Singapore Industrial Park (VSIP), was set up in the province in 1996. 

VSIP Binh Duong is the most prominent symbol of the advances in industrialisation the province has achieved. Originally launched as a 500-hectare development in Thuan An district, a 2,045-hectare second park was set up in 2006 within the Binh Duong New Township, just 18 kilometres north of the first VSIP. The Binh Duong New Township is being developed by the provincial government as the second largest city in southern Vietnam after Ho Chi Minh City. In 2019, a 1,000-hectare third park was set up within Tan Uyen Town and Bac Tan Uyen District.

Today, VSIP Binh Duong is an integrated township and industrial park. It is one of the most successful integrated developments in Vietnam with customers from 22 countries and territories around the world choosing to establish their long-term investment projects here. VSIP Binh Duong attracts a mix of tenants from the electronics and electrical, precision engineering and pharmaceutical sectors, consumer goods including food and apparel industries, and supporting industries.