Vinh Tuong industrial parks are emerging as one of the most important growth drivers for the local economy, as industrial and handicraft development has been identified as a strategic pillar for economic restructuring, job creation, and income improvement. With integrated transportation infrastructure, abundant industrial land reserves, and an increasingly business-friendly investment environment, Vinh Tuong is steadily becoming an attractive destination for both domestic and international enterprises.
Amid rising manufacturing relocation trends and growing investment expansion demand, Vinh Tuong industrial parks are expected to create a strong growth momentum for the local economy during the 2025–2030 period.
Vinh Tuong Industrial Parks Build a New Economic Foundation
Recognizing industrial and handicraft development as a long-term growth driver, Vinh Tuong has focused on infrastructure investment, improving the investment climate, and attracting businesses.
Currently, the locality has developed a promising industrial ecosystem including:
- 1 industrial park
- 1 industrial cluster
- Nearly 300 hectares of total industrial development area
- Nearly 350 hectares planned for industrial expansion
This development is significantly reshaping the local economic structure.
Why Vinh Tuong Industrial Parks Attract Investment
Strong Multimodal Transportation Connectivity
One of the biggest advantages of Vinh Tuong industrial parks is their highly accessible transportation infrastructure.
The area benefits from connections to:
- road transport
- inland waterways
- railway systems
- national transportation corridors
These advantages help businesses:
- reduce logistics costs
- improve cargo transportation efficiency
- expand supply chains more effectively
- enhance manufacturing competitiveness
Strong Government Support for Businesses
Beyond infrastructure, Vinh Tuong has made significant progress in improving the investment environment.
Key initiatives include:
- accelerating land clearance
- investing in technical infrastructure
- upgrading transportation connections
- supporting businesses in resolving operational challenges
- reforming administrative procedures
These efforts create substantial advantages for investors.
Development Scale of Vinh Tuong Industrial Parks
Dong Soc Industrial Park
The flagship industrial development project is Dong Soc Industrial Park.
Key details:
- More than 206.5 hectares
- officially approved by the Prime Minister
- positioned as a new industrial development hub
Dong Soc Industrial Cluster
Alongside the industrial park is Dong Soc Industrial Cluster.
Scale:
- 75 hectares
- ongoing land clearance activities
- attracting manufacturing enterprises
The cluster is currently achieving strong operational performance.
Investment Appeal of Vinh Tuong Industrial Parks
Impressive Occupancy Rate
Dong Soc Industrial Cluster has recorded:
- 18 investment projects
- 6 FDI projects
- 12 domestic investment projects
- More than USD 324 million in FDI
- More than USD 10.6 million in domestic investment
- Occupancy rate exceeding 93%
These figures demonstrate the area’s strong investment appeal.
More Than 150 Active Businesses
The locality currently hosts:
- more than 150 businesses and production facilities
Operating across various sectors such as:
- mechanical engineering
- garment manufacturing
- industrial production
- handicrafts
- processing industries
This creates a diverse industrial ecosystem.
Vinh Tuong Industrial Parks Create Significant Employment
Industrial development has generated clear benefits for the labor market.
Results include:
- more than 1,500 workers with stable employment
- average monthly income of VND 7–10 million
Some large-scale enterprises create even greater employment opportunities.
Example: Viet Thien Garment Co., Ltd.
A 100% Hong Kong-invested enterprise.
Business operations include:
- export garment manufacturing
- serving Japanese markets
- South Korean markets
- European markets
Scale:
- 5 production workshops
- nearly 2,000 workers
- average monthly income of VND 7–9 million per employee
This is a clear example of the locality’s successful investment attraction strategy.
Economic Impact on Local Growth
The development of Vinh Tuong industrial parks has made a strong contribution to local economic growth.
2025 Performance
- Total production value reached VND 3.8779 trillion
- 10.01% growth
Economic Structure
Industry and Construction
- accounted for more than 60%
- increased by 11.76%
Trade and Services
- accounted for nearly 34%
- increased by 8.29%
2020–2025 Growth Trend
- industrial and handicraft production value grew by over 10% annually
This reflects a strong positive economic transformation trend.
Vinh Tuong Industrial Park Development Strategy Through 2030
Strong Growth Targets
Under its new development direction, Vinh Tuong aims for:
- 10–11% annual production growth
- 11–12% growth in industry and construction
- 8–9% growth in trade and services
Income and Employment Targets
By 2030:
- average per capita income reaching VND 105 million
- creation of 1,500–3,500 new jobs annually
Priority Industry Development
Vinh Tuong will prioritize:
- mechanical engineering
- textile and garment production
- agricultural and forestry processing
- handicrafts
- traditional industries
At the same time, the locality will:
- train skilled labor
- support local brand development
- improve production quality
Continued Investment Environment Reform
To enhance competitiveness, Vinh Tuong will continue to:
- complete industrial park and cluster planning
- accelerate land clearance
- attract new investment
- reform administrative procedures
- develop e-government services
- improve enterprise support mechanisms
Outlook for Vinh Tuong Industrial Parks
With advantages including:
- industrial land availability
- multimodal transportation infrastructure
- improved investment climate
- strong industrial land demand
- positive FDI inflows
Vinh Tuong industrial parks have the potential to become one of the region’s most promising new industrial growth hotspots.
Conclusion
The strategic development of Vinh Tuong industrial parks is opening a new path for sustainable economic growth.
This strategy not only accelerates industrialization, but also creates jobs, increases incomes, improves living standards, and lays the foundation for sustainable development through 2030 and beyond.
References:
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