As industrial land availability becomes increasingly limited across Southern Vietnam, Tan Phuoc 1 Industrial Park is emerging as one of the region’s most anticipated industrial developments. The project is scheduled to begin welcoming secondary investors in the first quarter of 2027, creating significant opportunities for manufacturers seeking expansion while strengthening Dong Thap Province’s position as an emerging industrial investment destination.
Covering 470 hectares with a total investment exceeding VND 5.936 trillion, the project combines modern infrastructure, strategic transportation connectivity, and long-term industrial planning to support both domestic and foreign investors.
More Than 3.43 Million Square Meters of Land Leased for Project Development
Vietnamese authorities have officially leased approximately 3.437 million square meters of land to IDICO Tien Giang Joint Stock Company for the development of Tan Phuoc 1 Industrial Park.
The leased area includes approximately 825,500 square meters designated for shared infrastructure, including internal roads, utilities, and public facilities serving the entire industrial park.
The project operates under a one-time land rental payment for the entire lease term, with land-use rights valid until 31 May 2074, providing investors with long-term certainty.
A Large-Scale Industrial Park Designed for Long-Term Growth
Tan Phuoc 1 Industrial Park is one of Dong Thap Province’s flagship industrial infrastructure projects.
Key project information includes:
- Total land area: 470 hectares
- Total investment: More than VND 5.936 trillion
- Operating term: 50 years
- Developer: IDICO Tien Giang Joint Stock Company
- Development focus: Modern industrial infrastructure and integrated logistics connectivity
The project is being developed in two phases to ensure efficient construction and sustainable long-term operation.
Site Clearance Nearing Completion
Land acquisition has progressed significantly.
Phase One
- Approximately 360 hectares
- About 97.5% of affected households have accepted compensation and handed over the land.
Phase Two
- Approximately 110 hectares
- Local authorities continue working with the remaining households to complete land clearance.
The strong progress enables the developer to move toward full-scale infrastructure construction.
Infrastructure Construction Scheduled to Begin in September 2026
According to the project developer, groundbreaking is expected to take place in September 2026.
Following construction commencement, several key infrastructure components will be developed simultaneously, including:
- Wastewater treatment plant
- Clean water supply plant
- 110kV power substation
- Industrial park administration center
- Internal road network
- Power and telecommunications infrastructure
This synchronized approach is expected to accelerate project completion and improve the park’s investment readiness.
Secondary Investors Expected from the First Quarter of 2027
One of the project’s most significant milestones is its plan to begin attracting secondary investors in Q1 2027.
This timeline will provide manufacturers with access to new industrial land equipped with modern infrastructure at a time when occupancy rates remain high across many industrial parks in Southern Vietnam.
The project is expected to benefit from ongoing global supply chain diversification and increasing manufacturing investment in Vietnam.
Strategic Location Connecting Southern Vietnam and the Mekong Delta
Location is one of Tan Phuoc 1 Industrial Park’s strongest competitive advantages.
The project is positioned along a strategic transportation corridor connecting the Mekong Delta with Southern Vietnam’s key economic region.
Major transportation links include:
- Ho Chi Minh City – Trung Luong – My Thuan – Can Tho Expressway
- Ben Luc – Long Thanh Expressway
- National highway network
- Inland waterway transport system
- Regional logistics centers
This multimodal transportation network enables businesses to reduce logistics costs while improving supply-chain efficiency.
Planned Inland Port Strengthens Logistics Capabilities
Beyond conventional industrial infrastructure, the project also includes plans for an inland waterway port.
Given the Mekong Delta’s extensive river network, inland water transport remains one of the region’s most cost-efficient logistics solutions.
Combining expressways with inland waterways is expected to:
- Reduce transportation costs
- Improve connectivity with seaports
- Increase export competitiveness
- Enhance supply-chain efficiency
These advantages will be particularly attractive to manufacturing and export-oriented businesses.
Dong Thap Targets 18 Industrial Parks by 2030
Tan Phuoc 1 Industrial Park forms part of Dong Thap Province’s long-term industrial development strategy.
By 2030, the province aims to develop:
- 18 industrial parks
- Nearly 4,913 hectares of industrial land
- Four industrial parks currently under development
- Fourteen additional industrial parks planned for future investment
The objective is to establish a modern industrial network integrated with strategic transportation corridors and logistics infrastructure.
New Industrial Land Supply Meets Rising Market Demand
Existing industrial parks across Dong Thap currently maintain occupancy rates exceeding 93%.
At the same time, manufacturing expansion by both domestic enterprises and foreign investors continues to generate strong demand for industrial land.
Tan Phuoc 1 Industrial Park is expected to:
- Expand industrial land supply
- Support manufacturing growth
- Improve investment competitiveness
- Provide additional location options for investors
The project will play an important role in addressing future industrial land demand within the Mekong Delta.
Opportunities for Industrial Real Estate
As Tan Phuoc 1 Industrial Park moves toward operation, demand is expected to increase across several industrial real estate segments, including:
- Industrial land
- Ready-built factories
- Warehouses
- Distribution centers
- Logistics facilities
- Worker housing
- Expert accommodation
This growth is expected to stimulate broader development throughout Dong Thap’s industrial property market.
Strong Potential for Future FDI
With modern infrastructure, strategic connectivity, and long-term development planning, Tan Phuoc 1 Industrial Park is well positioned to attract investment in industries such as:
- Agricultural processing
- Supporting industries
- Electronics
- Precision engineering
- High-tech manufacturing
- Logistics
- Warehousing
These sectors align with Dong Thap Province’s industrial development strategy while supporting Vietnam’s broader manufacturing transformation.
Conclusion
The plan for Tan Phuoc 1 Industrial Park to begin welcoming secondary investors from the first quarter of 2027 marks a major transition from project preparation to operational development.
With 470 hectares of industrial land, investment exceeding VND 5.936 trillion, strategic transportation connectivity, and modern infrastructure, the project is expected to become one of the Mekong Delta’s most attractive industrial investment destinations.
As industrial land becomes increasingly scarce in Southern Vietnam, Tan Phuoc 1 Industrial Park is poised to strengthen Dong Thap’s competitiveness, attract high-quality domestic and foreign investment, generate employment opportunities, and support sustainable industrial growth across the Mekong Delta region.
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