Tan Duc Industrial Park: Open and Ready for Strategic Investors
With competitive land rentals and a lease term reaching 2071, Tan Duc Industrial Park (IP) has seen strong early interest from investors. At the current pace, the park is projected to reach full occupancy within the next two to three years.
A New “Eagle’s Nest” Takes Shape
A striking transformation can be clearly seen upon returning to Tan Minh on December 19, 2025, the day Tan Duc Industrial Park was officially inaugurated. Once a sparsely populated, drought-prone agricultural area, the site has now emerged as a promising investment destination. Economic analysts describe it as a location endowed with unique advantages that are difficult to replicate elsewhere.
From another perspective, Tan Duc IP is a flagship project celebrating the 14th National Congress of the Communist Party of Vietnam and contributing to the successful implementation of the Resolution of the 1st Provincial Party Congress of Lam Dong Province for the 2025–2030 term. The project has taken shape over the past five years—a period marked by unprecedented challenges, including the Covid-19 pandemic beginning in July 2020 and lasting nearly three years, along with significant shifts in global and domestic economic conditions and changes in national land policies.
Despite numerous obstacles during implementation, Sonadezi Binh Thuan, a subsidiary of Sonadezi Corporation with 35 years of experience in industrial park infrastructure development in Vietnam, remained steadfast. To date, site clearance has reached 97,7%, equivalent to 293,1 out of 300 hectares—the highest rate among operating industrial parks in the province. This achievement is particularly notable given the changes introduced under the 2024 Land Law, effective from August 1, 2024.
A representative of Sonadezi Binh Thuan stated:
“Today’s achievements are the result of close coordination and strong support from local authorities before and after the provincial merger, as well as effective collaboration with the Provincial Industrial Parks Management Board and relevant departments. As a result, the project has reached key milestones in accordance with regulations. After 19 months since receiving the site, Sonadezi Binh Thuan has basically completed Phase I technical infrastructure, with more than VND 900 billion invested out of a total project capital of VND 1,2 trillion.”
Early Commitments Push Occupancy to Nearly 30%
Notably, even before the industrial park had fully taken shape, both domestic and foreign investors had already approached to secure land in advance. This early demand has raised the occupancy rate of leasable industrial land to 29,45%, or 62,1 out of 210,84 hectares of commercial land.
To date, Tan Duc IP has attracted 12 FDI and DDI projects. Of these, seven projects—two domestic and five foreign—have received investment licenses, with total registered capital of VND 825 billion and USD 24,5 million, covering 31,1 hectares.
Such early commitments are rare in the southeastern part of the province, where 10 industrial parks have been established over time but investment attraction has typically progressed at a modest pace due to limited external connectivity. Previously, despite its proximity to the Southern Key Economic Region, the area was still considered remote.
Today, the picture has changed dramatically. Inter-regional transport infrastructure has improved significantly, and Tan Duc IP occupies a strategic position at the intersection of major expressways, airports, and seaports in the Southeast region. Moreover, the park has emerged at an opportune time, as manufacturers increasingly relocate production from major urban centers such as Ho Chi Minh City and Dong Nai, while Tan Duc offers superior competitiveness in terms of costs and land availability.
Once the Tan Minh – Son My road is completed, transportation via National Highway 55 and the coastal route will be considerably shortened, enabling goods from Tan Duc IP to reach the Cai Mep – Thi Vai deep-water port complex (formerly Ba Ria – Vung Tau Province) faster than shipments from Ho Chi Minh City or Dong Nai. Given the decisive role of logistics in business efficiency, investors clearly recognize the advantages in time, cost savings, and profit optimization—especially when land rental prices at Tan Duc IP are only 40–50% of those in Dong Nai, while lease terms remain stable and extend to 2071.
According to the Provincial Industrial Parks Management Board, several secondary investors have recently expressed interest, including one proposing to lease 40–50 hectares with an estimated investment of VND 11 trillion. On this basis, Tan Duc IP is expected to reach full occupancy within the next two to three years, paving the way for Sonadezi Binh Thuan to implement Phase II of the project, covering approximately 600 hectares.
Toward Green Industry and Sustainable Growth
The appeal of Tan Duc IP also reflects the rising trend of green industrial development. In March 2025, during a working session with provincial leaders (former Binh Thuan Province), Sonadezi Corporation proposed solutions to address Phase I challenges and advance Phase II, including investments in solar power projects based on a self-production, self-consumption model within the industrial park.
This approach offers a significant advantage, as the southeastern part of the province is emerging as an energy hub with high solar radiation and long sunshine hours. Renewable energy development not only helps reduce production costs and meet green certification standards but also enhances corporate branding and attracts environmentally responsible partners—particularly as Vietnam’s Government commits to green growth strategy and the European Union enforces stricter environmental requirements for imported goods.
The inauguration and operation of the Tan Duc Industrial Park Infrastructure Development and Business Project carry strategic significance: providing ready-to-use industrial land and complete infrastructure to welcome domestic and foreign investment, especially in high-tech and environmentally friendly industries; accelerating the province’s economic restructuring toward industry and services; creating jobs for thousands of local workers; increasing budget revenues; and strengthening Lam Dong Province’s competitiveness in its new development phase.