The strong development of the industrial sector in Binh Duong not only creates job opportunities but also drives the demand for factory rentals in industrial parks from investors and businesses. With its strategic location bordering Binh Phuoc, Dong Nai, Tay Ninh, and especially Ho Chi Minh City, businesses renting factories in Binh Duong can easily access large markets and benefit from the region's transportation infrastructure and development support services from these economic zones.
This favorable advantage has helped attract many domestic and international investors to the factory rental model in the area. Additionally, investing in factory rentals here offers optimal support for businesses, such as low labor costs, a favorable business environment, and local government policies that encourage investment. Notably, the region also provides an abundant and skilled labor force, perfectly meeting the sustainable investment needs of businesses.
1. Strategic Location of Binh Duong
Binh Duong is a province in the Southeastern region of Vietnam, located at the northern gateway to Ho Chi Minh City and part of the Southern key economic region. The province benefits from a strategic location with the following characteristics:
Binh Duong's location provides convenient connection to major economic regions at home and abroad through a diverse transportation system, creating ideal travel distances to important locations such as:
It is also a key intersection of major highways such as National Route 13 (the Trans-Asia road), National Route 1K, and the My Phuoc – Tan Van road, providing ideal conditions for businesses renting factories in Binh Duong to transport goods and connect with other provinces and cities in the region.
2. Enterprises Renting Factories in Binh Duong Inherit a Synchronous Infrastructure System.
Binh Duong is regarded as one of the provinces with a well-developed and integrated transportation system, providing convenient connections with key economic regions both locally and internationally. The province boasts a multimodal transport network, playing a crucial role in promoting socio-economic development.
2.1 Road
Binh Duong's road transportation system is modern and well-invested, directly connecting with important national highways, facilitating the transportation of goods and movement between regions. Key roads include National Route 1A, National Route 13, National Route 14, My Phuoc – Tan Van Road, Beltway 3, and Beltway 4, among others.
2.2. Railway
Binh Duong plans to connect to the Trans-Asian Railway in the future, a crucial route linking Ho Chi Minh City with neighboring countries such as Cambodia (Phnom Penh) and Thailand (Bangkok). This railway will run from the southern to the northern parts of the province, connecting industrial and urban areas with the Central Highlands.
The completion of this project is expected to significantly boost international trade, reduce transportation costs, and facilitate the export of goods from Binh Duong to markets within ASEAN and beyond.
2.3. Waterway
Binh Duong's waterway transportation system also plays a crucial role in goods transportation. The province is home to Binh Duong Port, a strategic logistics hub located on the Dong Nai River. This port not only serves domestic transportation needs but also connects with major ports such as Cat Lai Port and Thi Vai – Cai Mep Port, opening doors for international trade for businesses renting factories in the area.
2.4. Airway
Although there is no direct airport within the province, Binh Duong benefits greatly from its proximity to Tan Son Nhat International Airport, which is only about 20 km from the provincial center. This is the largest international airport in Vietnam, effectively serving both cargo and passenger transportation needs
3. Abundant Labor Market
Binh Duong currently has the sixth-largest population in Vietnam, reflecting its dynamic economic growth and the province's strong appeal to workers.
A notable characteristic of Binh Duong is its high rate of mechanical population growth. Most of this increase comes from an influx of people from various provinces and cities across the country, coming to live and work in the province. Over 50% of Binh Duong's population is made up of immigrants, creating a diverse community in terms of culture and lifestyle.
This has resulted in an abundant labor supply, particularly young workers from different regions, which effectively meets the development needs of the industrial and service sectors.
4. Financial Incentives for Businesses Renting Factories in Binh Duong
Renting a factory in Binh Duong offers many outstanding advantages, meeting the needs of both domestic and foreign enterprises.
Competitive Rental costs: Despite being close to Ho Chi Minh City, warehouse rental costs in Binh Duong are typically lower than in neighboring areas. Companies can save on operational costs thanks to an abundant labor supply and reasonable labor wages.
Investment Incentives: Binh Duong provides many incentives for companies renting warehouses and investing in production, such as tax exemptions, reduced tax rates, and quick administrative procedures.
5. Diverse Industries in Binh Duong Factories for Rent
Binh Duong, with its modern industrial development foundation and strategic location, has become an attractive destination for both domestic and foreign investors. Key industries that attract investment include: electronics, supporting industries, core industries, medical equipment, food processing, and more.
1. Factory for Rent BW - Bau Bang Industrial Park
Address: Lai Hung Commune, Bau Bang District, Binh Duong Province.
Rental price: $4.1 - $6.1 USD / m² (excluding VAT).
The BW Factory Leasing Project - Bau Bang Industrial Park enjoys a strategic location along National Highway 13, a key gateway for trade in the Southeast and Central Highlands regions. It is also situated near Cat Lai Port and Long Thanh International Airport, providing significant advantages to businesses leasing warehouse space in the industrial park by facilitating import-export activities.
The warehouse, built in 2020, offers a total floor area of 212,000 m², with each factory floor covering approximately 3,600 m², offering flexibility in choosing the appropriate space for businesses of different sizes in Binh Duong.
Key industries operating at BW - Bau Bang Industrial Park include a wide range of manufacturing and industrial sectors such as: electrical machinery, industrial and household appliances; electronics, IT, telecommunications and communications; food and agricultural product processing; machine manufacturing, automobiles, and spare parts; mechanical and precision engineering; ceramics, glass, and crystal production.
2. Factory for Rent in Binh Duong at BW - My Phuoc 4 Industrial Park
Address: Thoi Hoa Commune, Ben Cat District, Binh Duong Province.
Rental price: $5.4 - $7.4 USD/m² per month (excluding VAT).
Located at the intersection of two important administrative units in Binh Duong: Thu Dau Mot City and Ben Cat Town, the area benefits from key transportation routes such as the Vanh Dai 4 Ring Road and National Highway 13. These roads connect the Eastern Southeast provinces, including Binh Duong, Dong Nai, Ba Ria - Vung Tau, Ho Chi Minh City, and Long An, facilitating seamless trade and transportation between these regions.
BW Factory - My Phuoc 4 Industrial Park, built in 2022, is a symbol of technological advancement and quality management. With a total floor area of 69,572 m², each floor has an ideal area of 2,746 m², providing spacious and flexible space for all production activities.
Some business sectors attracting investment:
3. Frasers Factory for Rent - Phu Tan Industrial Park
Address: Phu Tan Ward, Thu Dau Mot City, Binh Duong Province.
Rent: $5.8 to $7.8 USD / m².
Frasers Factory - Phu Tan Industrial Park is designed with a focus on high-tech standards, modern infrastructure, and optimal support services, attracting both large and small domestic and international businesses.
The factory's prime location is strongly connected to key transportation infrastructure. With a synchronized transportation system, it offers convenient access to the international Cai Mep – Thi Vai seaport, Tan Son Nhat International Airport, and a series of major roads, opening up significant opportunities for goods transportation and regional connectivity.
The total floor area of Frasers Factory - Phu Tan Industrial Park is 104,164 m², easily divisible into various sizes to meet the diverse needs of businesses with different production scales.
The main industries renting factories in Binh Duong at Frasers - Phu Tan Industrial Park include:
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RSQUARE : Your Expert Real Estate Advisor | |
| RSQUARE simplifies Vietnam’s commercial real estate journey with deep market insights, personalized search services, and end-to-end support, ensuring cost-effective and efficient solutions for offices, industrial spaces, and business facilities. | |
| E mail : support@rsquare.vn | Phone : +84-28-3636-9641(VN,EN), +84-2-6925-3928(KR) |
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Phone: +84-28-3636-9641 (English, Vietnamese), +82-2-6925-3298 (Korean) E-mail : support@rsquare.vn
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