The projects form part of a broader development strategy aimed at building an integrated industrial ecosystem designed to serve foreign direct investment (FDI) enterprises.
Aerial view of Phuoc Dong Industrial Park and Port in Tay Ninh. Photo courtesy of IMG Phuoc Dong JSC |
According to the developer, the total investment for the projects exceeds VND3.6 trillion (approximately US$136 million). The development includes high-rise factory blocks, residential facilities for workers and experts, and supporting power infrastructure.
The initiative comes amid increasing demand from international manufacturers relocating supply chains to Vietnam.
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High-rise factory complex under development at Phuoc Dong Industrial Park. Photo courtesy of IMG Phuoc Dong JSC |
Instead of focusing solely on industrial space, the project integrates multiple components across the value chain, including production facilities, energy infrastructure, and residential areas.
High-rise factories are positioned as a solution to optimize land use, allowing businesses to expand vertically within limited industrial land. This model may help reduce initial investment costs and provide flexibility for future expansion.
The 110kV substation and transmission system is expected to ensure a stable power supply, particularly for high-tech manufacturing operations.
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Groundbreaking ceremony attended by partners and investors on April 29. Photo courtesy of IMG Phuoc Dong JSC |
Phuoc Dong Industrial Park and Port also incorporates logistics advantages, with connections to major transport routes supporting goods movement to seaports and border gates. The on-site Hoa Phat inland port is expected to facilitate import-export activities and improve operational efficiency.
The industrial park offers ready-built factory solutions designed to help businesses shorten setup timelines. Residential facilities for experts and workers are being developed in parallel to support workforce stability.
The project has attracted international partners, including VFT BIO-GAS UG from Germany and YC TEC from South Korea.
Tay Ninh has emerged as a potential industrial destination due to its proximity to Ho Chi Minh City and regional economic hubs, which supports both labor mobility and market access.
Beyond industrial infrastructure, the developer is also investing in social projects such as IMG Tan Lan High School, aimed at contributing to workforce development.
The integrated development of industrial and social infrastructure is expected to support long-term sustainability and enhance the appeal of the industrial park to foreign investors.
As industrial land becomes increasingly constrained, the high-rise factory model is being considered as an alternative approach to improve land-use efficiency. The developer said the model is particularly suitable for light manufacturing and high-tech industries.
Phuoc Dong Industrial Park and Port is positioned as a potential destination for international investors seeking integrated infrastructure and operational efficiency in southern Vietnam.
High-rise Factory Cluster – Phuoc Dong Industrial Park and Port
Total investment: Over VND3.6 trillion
Components: Factory blocks, worker and expert housing, 110kV power system
Target clients: FDI enterprises
Key partners: VFT BIO-GAS UG (Germany), YC TEC (South Korea)
Advantages: Integrated infrastructure, on-site logistics, ready-built factories
Social infrastructure: IMG Tan Lan High School
Development orientation: Integrated and sustainable industrial ecosystem
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