354 views Since Vinh Phuc Province was officially merged into the new Phu Tho Province under the 2025 boundary adjustment resolution, Binh Xuyen Industrial Park has become one of the key industrial development zones of the expanded Phu Tho. This change is not merely administrative—it marks a strategic turning point that creates fresh FDI opportunities and accelerates economic growth in the northern midland region.
With its advantageous location—about 50 km from Hanoi’s city center, close to Noi Bai International Airport, and situated along the Hanoi–Lao Cai economic corridor—Binh Xuyen Industrial Park serves as a crucial connection between the Red River Delta and the northern mountainous area.
Overview of Binh Xuyen Industrial Park (New Phu Tho)
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Established: 1998
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Former location: Binh Xuyen District (formerly under Vinh Phuc Province), now under Phu Tho after the merger
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Foreign investors: Japan, Korea, China, and Europe
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Full name: Binh Xuyen Industrial Park, Phu Tho Province (formerly part of Vinh Phuc)
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Developer: HUD (Housing and Urban Development Investment Corporation)
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Total planned area: 325 hectares
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Occupancy rate: Over 95% as of Q4/2025
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Key industries: Electronics, mechanical manufacturing, industrial equipment, automotive and motorcycle components, supporting industries, construction materials, and logistics
After the merger, Phu Tho authorities have re-planned Binh Xuyen Industrial Park with a green industrial orientation, prioritizing high-tech and environmentally friendly enterprises while expanding regional infrastructure connectivity to promote sustainable industrial growth through 2040.
Impacts and Investment Opportunities from the Administrative Merger
The merger of Vinh Phuc and Phu Tho created a unified economic and industrial corridor, granting Binh Xuyen Industrial Park enhanced advantages in infrastructure planning and regional connectivity. The main positive impacts include:
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Upgraded regional transport network: Hanoi–Lao Cai Expressway, National Highway 2A, Ring Road 5, and the Phu Tho–Thai Nguyen route provide faster access to neighboring economic centers.
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Inland Container Depot (ICD) Vinh Phuc in Binh Xuyen, Phu Tho: Strengthens logistics, import–export operations, and supply chain efficiency for enterprises within the park.
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New investment incentive policies: Investors benefit from corporate income tax reductions, land rental support, and “green transition” programs under Phu Tho’s provincial development plan.
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Expanded industrial cluster linkages: Binh Xuyen is now part of a major industrial network that includes Thuy Van, Tam Nong, and Phu Ninh, forming an integrated value chain of industry, logistics, and technical services.
Related Industrial Parks: Binh Xuyen 2 and Nam Binh Xuyen
Alongside the main park, two expansion projects—Binh Xuyen 2 Industrial Park and Nam Binh Xuyen Industrial Park—continue to progress following the administrative merger. Both are incorporated into Phu Tho’s new industrial planning framework, sharing the same infrastructure and investment incentive policies.
Binh Xuyen 2 Industrial Park
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Planned area: 300 hectares
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Development orientation: Eco-industrial and circular economy model, encouraging enterprises to use renewable energy and implement wastewater recycling systems.
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Goal: To position Binh Xuyen 2 as a benchmark green industrial park in the region, following models such as Stavian Vinh Phuc Industrial Park.
Together with the original Binh Xuyen, these developments form a large-scale industrial cluster — a manufacturing, logistics, and technical service hub that will drive socio-economic growth throughout the new Phu Tho region.
FAQs and Key Clarifications
Q1. Which province does Binh Xuyen Industrial Park belong to after the merger?
As of July 1, 2025, Binh Xuyen Industrial Park, formerly under Vinh Phuc, is officially part of Phu Tho Province following the administrative merger of Vinh Phuc, Phu Tho, and Hoa Binh.
Q2. Does the merger affect existing businesses operating in the park?
No. All enterprises continue normal operations. They will also benefit from enhanced provincial support policies, streamlined administrative procedures, tax incentives, and upgraded infrastructure under the new Phu Tho authority.
After the merger, Binh Xuyen, Binh Xuyen 2, and Nam Binh Xuyen collectively form a strategic industrial center under new Phu Tho (Phu Tho Industrial Parks) — featuring open investment policies, modern infrastructure, and a green development orientation. For domestic and international companies seeking a stable, efficient, and sustainable production base in Northern Vietnam (Northern Vietnam Industrial Parks), this area presents significant investment potential.
Contact for Industrial Park Investment Consultation in Phu Tho
Stavian Industrial Park Joint Stock Company (Stavian Industrial Park., JSC)
A pioneering developer of green and sustainable industrial park infrastructure in Vietnam.
Website: https://stavianip.vn/en/
Hotline: +84 79 616 6566
Address: 5th Floor, Century Tower, Times City Urban Area, 458 Minh Khai Street, Hai Ba Trung District, Hanoi, Vietnam
Discover more about Stavian Vinh Phuc Industrial Park – a flagship project within the Stavian Industrial Park ecosystem.
