Son My 1 Industrial Park (IPICO) - Binh Thuan Province
- Investor: IPICO
- Price: 68 USD/M2
- Area: 1.070 Ha
Binh Thuan, a province in the South Central Coast region of Vietnam, has a population of 1,231,000 in 2018. The province ranks 32nd in population, 34th in Gross Domestic Product (GRDP), 26th in terms of population. in terms of GRDP per capita, and 35th in terms of GRDP growth. The province’s GRDP is 81,325 billion VND (equivalent to 3.3 billion USD), GRDP growth rate is 11.09%, per capita GRDP is 66 million VND (equivalent to 2,881 USD).
Binh Thuan is located in the area of influence of the Southern Key Economic Zone. The provincial capital is Phan Thiet, 183 km north of Ho Chi Minh City, 239 km south of Nha Trang and 1,520 km south of Hanoi via National Highway 1. Binh Thuan has a 192 km long coastline. long from Da Chet cape. , bordering Ninh Thuan province, to Binh Chau alluvial ground, Ba Ria-Vung Tau province.
Although Binh Thuan is classified as part of the South Central Coast region in textbooks such as the Vietnam Encyclopedia and the Vietnam Military Encyclopedia, the General Statistics Office of Vietnam and the Ministry of Planning and Investment classifies both Ninh Thuan and Binh Thuan as part of the Southeast region. Another division of the Ministry of Planning and Investment classifies Binh Thuan and Ninh Thuan as part of the central coastal region.
Binh Thuan province is a province located in the South Central Coast region of Vietnam. The province’s coordinates range from 10o33’42” to 11o33’18” north latitude and from 107o23’41” to 108o52’18” east longitude. It shares borders with Lam Dong province to the north, Ninh Thuan province to the northeast, Dong Nai province to the west, and Ba Ria-Vung Tau province to the southwest. To the east and south, it is bordered by the South China Sea, with a coastline stretching 192 km.
In 2018, Binh Thuan had a population of 1.231 million, ranking 32nd in terms of population, and a GRDP of 81.325 trillion VND (equivalent to 3.3 billion USD), with a per capita GRDP of 66 million VND (equivalent to 2,881 USD) and a GRDP growth rate of 11.09%. Regarding regional classification, Binh Thuan is subject to controversy between two perspectives, belonging to the Southeast or South Central Coast region. The General Statistics Office of Vietnam, the website of the Ministry of Planning and Investment, and some other sources classify Binh Thuan as part of the Southeast region. However, textbooks, the Encyclopedia of Vietnam, the Military Encyclopedia of Vietnam, the official website of Binh Thuan province, and local residents classify Binh Thuan as part of the South Central Coast region.
Binh Thuan province in Vietnam is a narrow region with diverse terrain, including low hills, small coastal plains, hills and ridges, and low mountains. Its natural land area is divided into four types of terrain, with sandy and alluvial coastal plains, alluvial plains, hills and ridges, and low mountains. The province has a tropical monsoon climate with two seasons and abundant sunshine and wind. It has 10 types of soil dominated by forests and rich in mineral resources such as gold, tungsten, lead, zinc, and mineral water.
The province has six major rivers, all short with unregulated water levels. River River flows along the border of Tuy Phong and Phan Ly Cham districts, while Luy River branches out towards the sea, causing flooding during the rainy season. Cai River flows from the Lam Dong plateau through Thien Giao district, and Ca Ty River flows southeast from the western plateau.
Binh Thuan province has a large amount of mineral resources, including mineral water, glass sand, granite, bentonite clay, Sa ore, zircon, and petroleum. Vinh Hao and Da Kai mineral water mines are currently being exploited and commercialized. Glass sand is suitable for producing high-end products such as glass, building glass, and glass tiles. Petroleum is the new economic strength of Binh Thuan province, with many large petroleum mines being invested in for development to ensure national energy security and exports.
Binh Thuan is a province located in the Southeast region of Vietnam, with its mainland situated within the coordinates of 10°35′-11°38′ North and 107°24′-108°53′ East. In 2019, the province’s economy showed a relatively strong growth with a GRDP increase of 11.09%, marking the highest growth rate since 2010. The processing-manufacturing industry and electricity production and distribution are the main contributors to the overall economic growth. The state budget revenue reached VND 13,203 billion, exceeding the provincial People’s Council’s estimate by 40.75%, of which domestic revenue accounted for 49.68% of the Council’s estimate. The living standards of the people have continued to improve, with per capita income estimated at VND 43.6 million per year, a rise of 8.36%. The poverty rate in the province has decreased to 2.02%, and the proportion of people participating in health insurance reached 86%.
The Di Linh Plateau in Lam Dong is the source of many rivers that flow through Binh Thuan and into the sea. The total length of the rivers in the province is 663km, including the 76km-long Ca Ty River, the 74km-long La Nga River, the 63km-long Quao River, the 43km-long Long Song River, the 40km-long Phan River, the 29km-long Mao River, and the 25km-long Luy River.
Binh Thuan has a vast coastal area of 52,000km², making it one of the three major fishing grounds in Vietnam with a catch of 240,000 tons of various kinds of seafood, providing favorable conditions for processing and exporting aquatic products. The specialty of Binh Thuan’s sea is scallops, which are mainly concentrated in four bays: La Khe, Hon Rom, Hon Cau, and Phan Ri, with a catch of 25-30 thousand tons per year.
Binh Thuan has 151,300 hectares of agricultural land, with over 50,000 hectares of rice fields, and plans to develop an additional 100,000 hectares for agricultural production. Livestock farming is thriving, and the province is investing in specialized areas for industrial crops and fruit trees, including dragon fruit, cashew nut, cotton, rubber, and pepper. These provide abundant raw materials for the processing industry of industrial crops, food, and grains. With 400,000 hectares of forestry land, a timber reserve of 25 million m³, and grasslands, Binh Thuan has favorable conditions for establishing wood processing factories, large-scale livestock farms, and beef and pork processing plants. While the area of cashew nut trees has decreased significantly in recent years, the areas of dragon fruit and rubber trees have continued to increase.
As of April 1st, 2019, the population of Binh Thuan province reached 1,230,808, with 38.1% living in urban areas and 61.9% in rural areas. The population is unevenly distributed among districts, towns, and cities. The highest concentration is in Phan Thiet city, with a population of 272,457 in 2015, accounting for nearly 1/4 of the province’s total population, followed by Phan Ri Cua and La Gi town, while the lowest population density is in Bac Binh, Tanh Linh, and Ham Tan districts.
There are 34 ethnic groups living in Binh Thuan, with the majority being the Kinh people, followed by the Cham, Ra Glai, Hoa, Co Ho, Tay, Cho Ro, Nung, and Muong ethnic groups. Different areas of the province, such as Phan Thiet, Hai Ninh commune, and Song Luy commune in Bac Binh district, concentrate them.
As of April 1st, 2019, there are 12 different religions in the province with a total of 386,223 followers. The largest religion is Catholicism with 188,996 followers, followed by Buddhism with 130,016 followers, Islam with 29,550 followers, and Ba La Mon with 25,110 followers. Other religions include Protestantism with 9,956 followers, Cao Dai with 2,403 followers, Hoa Hao Buddhism with 90 followers, Baha’i with 63 followers, Minh Su Dao with 17 followers, Tu An Hieu Nghia with 13 followers, Buu Son Ky Huong with six followers, and Minh Ly Dao with three followers.
Binh Thuan is located on an important transportation North-South route with National Highways 1, 55, 28, and various other roads connecting to important economic regions, areas, districts, and communes. In terms of transportation, the province has:
A 190 km North-South railway passing through 11 stations, with Binh Thuan being the most important one. Phan Thiet railway station has been operational since 2012.
A 192 km coastline with islands, adjacent to international shipping routes, and ports such as Phu Quy port with a capacity of 10,000 tons and Phan Thiet port with a capacity of 2,000 tons.
Phan Thiet airport is under construction since January 18, 2015.
The high-speed railway project and the North-South highway project both pass through Binh Thuan.
Regarding infrastructure, the province has a robust electricity and water supply system. The electricity supply comes from the 110 KV power transmission grid, including the Dai Ninh province plant, the Ham Thuan – Da Mi Mekong plant, a 3,800 KW diesel power station, and a trial wind power plant in Tuy Phong district. Phu Quy also has a wind power plant. In Phan Thiet, there is a central transformer station with a capacity of 50 MVA, which will be expanded to 80-100 MVA, along with an upgraded power grid to meet the needs of residential and industrial areas.
For water supply, Phan Thiet water plant has a capacity of 25,000 m³/day, with an ongoing expansion project funds by the ADB to ensure sufficient supply for both residential and industrial needs. Small-scale water supply stations with capacities ranging from 500 to 2,000 m³/day are available in other districts.
