Nhon Hoa Industrial Park and Nhon Hoi Industrial Park (Zone A) emerged as top performers, completing or surpassing key indicators set by the Provincial People’s Committee.
Nhon Hoa Industrial Park fully met all assigned targets, attracting five new projects with total registered capital of VND 1,540 billion (about USD 61.6 million) on 9.1 hectares of industrial land.
Nhon Hoi Industrial Park (Zone A) significantly outperformed expectations, securing 12 new projects, 120% of the plan, with total registered capital of VND 26,562 billion (about USD 1.06 billion).
The projects include eight domestic investments worth VND 1,280 billion (about USD 51.2 million) and four foreign-invested projects exceeding USD 1 billion, making the park the provincial leader in both project numbers and investment scale.
“We believe synchronized infrastructure, streamlined procedures and close cooperation with investors from the outset are decisive factors,” said Nguyen Thi Mai Thao, Deputy Director of Saigon - Nhon Hoi Industrial Park Joint Stock Company, citing strong support from provincial authorities as key to investor confidence.
By contrast, several industrial parks failed to meet assigned targets. Becamex Binh Dinh Industrial Park attracted only six projects, or 30% of its target of 20, with total registered capital of VND 2,342 billion (about USD 93.7 million), far below the planned VND 12,000 billion.
Hoa Hoi Industrial Park recorded two foreign-invested projects, achieving just 20% of its project target and 14% of its capital target, with registered capital of VND 700 billion (about USD 28 million).
While a central wastewater treatment plant has been built, it has yet to become fully operational, reflecting delays in technical and environmental infrastructure.
Phu Tai Industrial Park and Long My Industrial Park, both operating at full land occupancy, were assigned maintenance-focused targets for 2025.
Authorities said investors largely met these requirements, though progress remains slow on completing water supply systems and conducting fire prevention and rescue training. Businesses operating in the parks have called for faster upgrades to ensure long-term production capacity.
The Provincial Economic Zone Authority said shortfalls were driven not only by internal limitations but also by the global economic environment, constrained investor finances, incomplete infrastructure and limited breakthroughs in investment promotion.
“The targets are intended to encourage innovation in approach, not merely assessment,” said Nguyen Thanh Nguyen, Deputy Head of the Provincial Economic Zone Authority.
He said the authority has proposed rewards for Nhon Hoa and Nhon Hoi (Zone A), while urging Phu Tai, Long My, Becamex Binh Dinh and Hoa Hoi to address shortcomings to avoid undermining provincial industrial development goals.
