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Dong No Industrial Park (IP) in Dong Nai province covers nearly 443 hectares, with total investment of more than VND 1.8 trillion, and is expected to begin operations in 2027. The project was approved for investment by Ninh Phong Development Investment JSC in June 2025, and its Environmental Impact Assessment report was published in April 2026.
The Environmental Impact Assessment report outlines the project with total investment of over VND 1,812 billion. Of this, the investor’s contributed capital exceeds VND 272 billion (15%), while the remaining VND 1,540 billion is planned to be raised.
The land origin is land under the management and use rights of Bình Long Rubber Company, leased by the state with annual payments for rubber cultivation. The project is subject to state land recovery for socioeconomic development due to national public interests. After the investment and investor are approved, the state will carry out land recovery as prescribed, while Ninh Phong Development Investment JSC will compensate and clear land according to the approved plan.
Total area is 442.6 hectares. The land-use structure includes: administrative-service land 9.9 ha; industrial production and warehousing land 318.8 ha (73%); green space 46.7 ha (10.6%); technical infrastructure land over 8.1 ha; and roads and parking of nearly 55 ha.
The operation term is 50 years. The project’s phase progress runs from Q2 2025 to Q3 2030. Commercial operations are expected from 2027, depending on infrastructure progress and regulatory approvals.
The project is located in the former Hung Quản district region. Dong No IP is about 3 km north of Việt Kiều IP (over 101.8 ha, approximately 50% filled). Within a 3 km radius to the east are Tân Khai B Elementary School and Thanh Quan pagoda; to the west are Đồng Nơ Market and Thanh Lâm pagoda. To the south, it is about 2 km from Minh Hưng Sikico IP (about 655 ha, approximately 40% filled).
The park is expected to attract sectors including agriculture, forestry and fisheries; processing and manufacturing; electricity generation and distribution, gas, hot water, steam and air conditioning; water supply; waste and wastewater treatment; transportation and warehousing; and real estate activities.
Ninh Phong Development Investment JSC was established in 2021 in Đồng Xoài, Bình Phước province, with real estate as its main business. Initial charter capital was VND 500 billion. Mr. Vu Tuan Anh (born 1993) holds 60%, Ms. Pham Thi Thuy Linh holds 20%, and Mr. Vu Trong Tinh holds 20% as chairman/CEO and legal representative.
In December 2022, the company’s capital increased to VND 750 billion; the shareholder structure was not disclosed. In addition to the Đồng Nơ IP, in December 2021 the Bình Phước Provincial People’s Committee approved Ninh Phong as the investor for the Tiến Hưng III urban project covering 19.7 ha, with housing types including attached houses, apartments and villas. The project investment was nearly VND 722 billion, of which equity was VND 160 billion.
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