The Nam Tan Uyen Industrial Park was approved by the Binh Duong Provincial People’s Committee in 2005 with a scale of over 331 hectares. To date, this industrial park, along with the expansion of Phase I, has achieved a near-total occupancy rate. Due to development needs, the Nam Tan Uyen Industrial Park Expansion Project Phase II (NTC 3) received investment approval from the Prime Minister under Decision No. 1157/QD-TTg dated September 13, 2018.

By August 2020, Binh Duong province had reclaimed nearly 346 hectares of rubber plantation land in Uyen Hung ward and Hoi Nghia commune (Tan Uyen town) to implement the project. Phase II has a total area of ​​345.86 hectares with a total investment of approximately VND 1,485 billion, of which 20% is equity capital, 40% is bank loans, and 40% is from other sources. The land use structure includes over 254 hectares for factories and warehouses, approximately 7.5 hectares for technical infrastructure, over 3.4 hectares for administrative and service areas, over 36 hectares for green space, and the remainder for transportation systems.

The expansion area is being developed on land belonging to the Hoi Nghia Rubber Plantation, located in Uyen Hung and Hoi Nghia wards, Tan Uyen City, with a land lease term until September 13, 2068.

Overview of Nam Tan Uyen Industrial Park Expansion (Phase II):

• Project Name: Nam Tan Uyen Industrial Park Expansion (Phase II)
• Location: Uyen Hung and Hoi Nghia wards, Tan Uyen City. Tan Uyen, Binh Duong Province
• Area: 345.86 hectares
• Operating period: 50 years (2018 – 2068)
• Occupancy rate: Approximately 5%
• Investment sectors: Mechanical engineering; food and beverage processing; building materials manufacturing; pharmaceuticals and cosmetics; textiles (excluding dyeing)

Together with the existing Nam Tan Uyen Industrial Park, the expansion area is contributing to the development of industry and services in the region. This development not only creates many job opportunities for workers but also attracts a large number of foreign experts to live and work, thereby contributing positively to the economic growth of Tan Uyen City in particular and Binh Duong Province in general, while also preparing to welcome the wave of FDI investment shifting to Vietnam.