Unleashing Binh Thuan’s Economic Potential: Paving the Way for Industrial Real Estate Growth

Laying a Strong Foundation for Binh Thuan’s Economic Breakthrough

Strategically located near major industrial hubs such as Ho Chi Minh City and Binh Duong, and blessed with a 100 km-long coastline, Binh Thuan is becoming an attractive destination for both domestic and international investors. The convergence of natural advantages and strong investment inflows has created a dynamic business environment, unlocking significant growth opportunities for the province.

Over the years, Binh Thuan’s economy has made remarkable progress, with balanced growth across its three key pillars: agriculture, industry, and services. While tourism remains a traditional strength, the province is actively expanding its industrial zones to attract businesses, promote manufacturing, and boost trade.

To support investors, Binh Thuan has rolled out numerous business-friendly policies, enhancing infrastructure and improving workforce quality. These policies not only improve the investment climate but also ensure an adequate supply of skilled labor to meet business demands.

Currently, the province is actively implementing new regulations under the 2024 Public Investment Law, 2024 Land Law, 2023 Housing Law, and 2023 Real Estate Business Law. Unlocking public investment is seen as a key driver, fueling private sector growth and ensuring sustainable economic expansion. At the same time, Binh Thuan is accelerating major projects, ensuring timely completion with maximum efficiency.

Additionally, Binh Thuan is streamlining administrative procedures to attract investment and optimize business support policies. The province is also committed to effectively implementing the Binh Thuan Master Plan (2021-2030) with a vision to 2050, with a focus on expanding Phan Thiet City into a modern economic-industrial-tourism hub.

With clear strategies and meticulous preparations, Binh Thuan is poised to emerge as a dynamic economic center, attracting strong investment inflows in the region.

Binh Thuan’s Economic Growth Targets Double-Digit GRDP Expansion

In 2024, Binh Thuan's economy maintained steady growth with a 7.25% increase in Gross Regional Domestic Product (GRDP), ranking 35th among 63 provinces and cities. The province aims to reach a 10% GRDP growth rate in 2025, focusing on its three economic pillars: industry, agriculture, and tourism.

In the industrial sector, Binh Thuan prioritizes clean energy, renewable energy, and high-value manufacturing. The province is fast-tracking infrastructure development in key industrial zones, with plans to:

• Complete Tan Duc Industrial Park by April 19, 2025.
• Break ground on Son My 2 Industrial Park in September 2025.
• Accelerate major projects such as the Son My Power Center and Son My LNG Port, ensuring land handover to investors.

Agriculture is being developed with an emphasis on eco-friendly, high-tech applications, integrating agriculture with processing industries. The province encourages investment in organic and high-tech agriculture, while promoting a comprehensive rural development strategy.

Tourism remains a key growth driver, with Binh Thuan actively promoting its destinations through marketing campaigns and major national events. The province is committed to maintaining its reputation as a "Safe - Friendly - High-Quality" tourism hub, attracting major strategic investors to develop large-scale projects.

In trade, services, and exports, Binh Thuan focuses on expanding domestic and international markets. Trade promotion activities are being strengthened to help businesses enhance brand awareness, develop customer networks, and boost product distribution.

Binh Thuan’s Economic Growth Fuels Industrial Real Estate Expansion

Binh Thuan is actively improving infrastructure to capitalize on the global supply chain shift, attracting international enterprises. Investment incentives prioritize eco-friendly, high-tech industries, particularly in:

• Agro-forestry-fisheries processing.
• Advanced mineral processing.
• Utilization of coal ash for industrial products.
• Manufacturing and assembly of electrical and electronic equipment.
• Offshore renewable energy production and supporting industries such as solar panel manufacturing, mechanical engineering, and underwater electrical equipment production.

Industrial Real Estate Boom in Binh Thuan

As Binh Thuan’s economy thrives, the demand for industrial land, warehouses, and logistics facilities is rising. With strategic geographic advantages and abundant natural resources, Binh Thuan’s industrial real estate sector holds immense growth potential. The government’s supportive policies further encourage investment, providing businesses with a stable and attractive environment for expansion.

Moreover, Binh Thuan’s economic growth is not solely focused on industrial expansion. The province is also promoting eco-tourism and commercial services, creating a diverse economic ecosystem that boosts industrial real estate development.

Industrial Real Estate Trends in Binh Thuan

The rental market for ready-built factories in Binh Thuan is experiencing strong momentum, driven by:

• Expanding industrial zones and clusters.
• Rising manufacturing demand.
• The need for cost-efficient production solutions.

Rather than investing in new construction, many businesses are opting for ready-built factories to minimize risk, reduce capital expenditures, and accelerate operations.

HLI EcoHub Nam Ha: A Premier Industrial Hub in Binh Thuan

For businesses seeking ready-built factory solutions, HLI EcoHub Nam Ha stands out with its versatile infrastructure and strategic advantages:

• Flexible factory spaces starting from 1,400m², catering to industries such as textiles, food processing, electronics, renewable energy, and logistics.
• Modern infrastructure:
  • Stable 110/22KV power grid.
  • Water supply capacity of 6,000 - 14,000 m³/day to ensure uninterrupted operations.
• Comprehensive social infrastructure: Proximity to Nam Ha residential area, offering schools, markets, healthcare facilities, and sports centers, enabling businesses to attract and retain skilled workers.
• Seamless transportation connectivity: 12m-wide internal roads designed for easy container truck access, optimizing logistics efficiency.
• Competitive rental pricing: 20-30% lower than neighboring industrial zones, allowing businesses to maximize cost savings and profitability.

As Binh Thuan’s economic landscape evolves, industrial real estate emerges as a key growth driver. With its ideal conditions, strategic location, and favorable policies, Binh Thuan’s industrial real estate market is set to become a prime investment destination for businesses seeking sustainable and cost-efficient manufacturing solutions.

HLI ECOHUB NAM HA READY-BUILT FACTORY

• Location: Dong Ha Commune, Duc Linh District, Binh Thuan Province
• Hotline: 0964 582 346
• Email: contact@hoalonginvest.com
• Address: 19 Tran Quy Kien, Binh Trung Tay Ward, Thu Duc City, HCMC