Why are investors flocking to Binh Thuan at this time?

Binh Thuan has become a new and attractive land for investment with room for development in many fields, notably the opening of 27,000 hectares of coastal land that has long been entangled with titanium, in the context of the Law on Marine and Island Resources and Environment being amended and supplemented through Decree No. 65/2025/ND-CP, which opens up many advantages.

Consonance…

The event that Binh Thuan will allocate nearly 7,000 billion VND to open a 11.2 km long connecting route with the North-South high-speed railway built according to the policy of the Politburo, the National Assembly and the Government, after being announced in the press, many investors are interested in approaching the project. Information forecasting the implementation progress such as the North-South high-speed railway section from Ho Chi Minh City to Khanh Hoa will start construction before other sections, Binh Thuan will complete the high-speed railway connecting route in the fourth quarter of 2028... as urging the time to prepare the procedures is very close. Therefore, many investors have focused on. They are interested in each item in the project and the accompanying works, when the development space of the highway connection opens up, upgrading Phan Thiet urban infrastructure to connect the regions more spaciously and modernly, the key tourist areas are promoted more effectively. Therefore, the story of nearly 7,000 billion VND sounds too big, but the land fund on both sides of the urban expansion road towards Ham Hiep (Ham Thuan Bac) is attracting many businesses and companies that will contribute to creating funding for implementation through bidding to select investors.

Route map connecting Phan Thiet with the North-South high-speed railway.

Traffic structure diagram connecting high-speed railway through Phan Thiet Station.

In addition, related projects, which are intended to add a touch of grandeur, dynamism and modernity to the connecting route, have also been registered by investors. The most interested project is the station urban area (TOD urban area). Investors are studying the best options to participate in the bidding and if successful, will be implemented soon to achieve the progress set by the province. In addition, the province also reserves land for investment in the urban light rail system (metro train) parallel to the connecting route, starting from Le Duan Street to Doi Duong Park before turning to Mui Ne and Tien Thanh, creating an attraction that not only attracts the attention of Binh Thuan people. Meanwhile, the high-tech park is calculated to be located between the TOD urban area and the North-South expressway, and has also attracted the attention of corporations with a proposal to move closer to the sea. Not only that, the project's 25-hectare resettlement area is also attracting interested businesses...

North-South high-speed railway.

The intersection of Le Duan - Truong Chinh street is the starting point of the connecting route.

Location of Phan Thiet - Vinh Hao expressway intersection with the connecting route to the North - South high-speed railway.

Perspective of the road connecting Phan Thiet center to the North-South expressway with 12 lanes.

Meanwhile, the coastal route through Phan Thiet City has a total length of 14.6 km, the starting point of the route is at the Vo Nguyen Giap roundabout (Phu Hai ward), the end point is at the Cambodian slope (Tien Thanh commune), including 5 sections with a total estimated investment of about 9,624 billion VND, which is also creating excitement among Phan Thiet people. This budget is not small, because it ensures the realization of the dream of building a clear and modern coastal corridor, while creating a highlight for the coastal city of Phan Thiet in the near future. Because this is a route included in the Provincial Planning for the period 2021-2030, with a vision to 2050 and is expected to be invested in the 2026-2030 cycle. So where will the funding come from, when in the above period there are a series of key projects to be done, not just this route? According to the leaders of the relevant departments, the Government encourages sea encroachment in accordance with the provisions of the Law on Marine and Island Resources and Environment, Decree No. 11/2021/ND-CP regulating the allocation of certain sea areas to organizations and individuals for exploitation... Therefore, on this coastal route, there are 3 areas, Binh Thuan will encroach on the sea with a total area of ​​80 hectares. Money will be taken from here to implement the project. Currently, there are investors expressing their intention to implement...

It is worth noting that the projects and works considered key for the 2026-2030 period now have investors interested. In general, it is a response to the province's socio-economic development activities, creating a very valuable resonance.

Vo Nguyen Giap Street.

To symbiosis

In addition to resonance, symbiosis is also beginning to appear in production and business. Tan Duc Industrial Park (Ham Tan), which is preparing to come into operation in April 2025, is aiming for that, also responding to the Government's policy on building ecological industrial parks. This industrial park model focuses on the connection and cooperation between enterprises in the same industrial park to promote symbiotic production activities. It is important to comply with the criteria specified in Section 2 of Decree 35/2022/ND-CP to ensure sustainability and contribute to the sustainable development of the industrial zone.

Tan Duc Industrial Park.

In another development, with large projects attracting "eagles to nest", it is natural that they will also attract satellite companies in the ecosystem. Proof of this is that in Son My 1 Industrial Park (Tan Duc, Ham Tan), there are 2 gas power plants Son My 1, Son My 2 built on an estimated area of ​​200 hectares with a total capacity of 4,500 MW, an LNG port warehouse of about 100 hectares, of which more than 430 hectares of land are reserved for factories and enterprises. When completed, Son My I Industrial Park combined with Son My seaport will have an international strategic role and will become a new key economic sector not only of Binh Thuan but also of the Southern Key Economic Zone. In addition, there is also Son My 2 Industrial Park Phase 1 with an area of ​​over 468 hectares... The province is making every effort to follow the Government's direction to start construction of Son My 2 Industrial Park in September 2025 and move towards handing over the site for the Son My Power Center and Son My LNG Port projects.

From this area, now although big investors have not built factories, it more or less shows that it will attract companies and businesses in the ecosystem to converge, creating a symbiotic relationship. Looking at the general picture of the province in attracting investment at this time, we can also see a wave of investors rushing into Binh Thuan. Rich potential, enough advantages from sea, forest, land and special geographical location, investors have known more or less for many years. But why does it take until now to create the above convergence and bustle?

Coastal land.

“Another equally attractive factor is that Binh Thuan is less prone to natural disasters, has warm sunshine all year round and has all the following: “Blue sea, white sand, golden sunshine”, with a famous resort on the world tourism map. Therefore, investing in Binh Thuan not only avoids sudden risks from natural disasters but also allows experts and employees of the company to have a place to play and regenerate their labor force within a very short distance,” said an investor.

Many coastal resorts in Binh Thuan.

According to investors' analysis, the factor that many people see is that the foreign traffic is basically smooth, creating a "best distance" in production and business, bringing Binh Thuan closer to the key economic zone of the South, creating a greater comparative advantage than before. Binh Thuan has become a new and attractive land for investment with room for development in many fields, notably the newly opened 27,000 hectares of coastal land that has long been stuck with titanium, in the context of the Law on Resources, Environment of the Sea and Islands being amended and supplemented through Decree No. 65/2025/ND-CP, opening up many advantages. In addition, land prices in Binh Thuan, even land for rent in industrial parks and clusters, are cheaper than other investment areas...

According to investors, the current leaders of Binh Thuan province are all young, have a good economic development mindset, are dynamic and proactive in attracting investment. Many large corporations have recently been invited by the province to invest in Binh Thuan with the spirit that Secretary of the Provincial Party Committee Nguyen Hoai Anh affirmed: "If there are any problems in the investment process, we will continue to resolve them, step by step to get results in the shortest time".

Lesson 1: "Catching the eye" of many big investors

BICH NGHI - PHOTO BY N. LAN

Source: https://baobinhthuan.com.vn/vi-sao-thoi-diem-nay-cac-nha-dau-tu-ao-at-vao-binh-thuan-128726.html