Le Minh Xuan 3 Industrial Park
- Investor: Saigon VRG Investment Corporation
- Price: $320
- Area: 300 Ha
Ho Chi Minh City has entered a new era of metropolitan and economic development.
Effective July 1, 2025, the former Ho Chi Minh City, Binh Duong Province and Ba Ria–Vung Tau Province were consolidated into an expanded Ho Chi Minh City. The historic administrative restructuring created a metropolitan economy of approximately 6,773 km² and more than 14 million people, bringing together three of Vietnam’s most powerful economic engines within a single centrally governed municipality.
The result is much more than a larger city.
The new Ho Chi Minh City integrates the financial, commercial, technology and innovation capabilities of the former metropolitan core; the manufacturing and industrial ecosystem of former Binh Duong Province; and the deep-water seaport, energy, petrochemical and maritime economy of former Ba Ria–Vung Tau Province.
For international investors, this creates an extraordinary value proposition:
FINANCE + GLOBAL CITY + MANUFACTURING + HIGH TECHNOLOGY + DEEP-WATER PORTS + LOGISTICS + INTERNATIONAL TRADE + LARGE CONSUMER MARKET
Ho Chi Minh City is therefore no longer simply Vietnam’s largest commercial center. It is evolving into an integrated finance–industry–technology–logistics–maritime investment ecosystem capable of serving domestic, regional and global supply chains.
Administrative status: Centrally Governed Municipality
Area: Approximately 6,773 km²
Population: More than 14 million
2025 GRDP: Approximately VND 3.03 quadrillion
2025 GRDP growth: Approximately 8.3%
Share of Vietnam’s GDP: Approximately 23.5%
GRDP per capita: Approximately USD 8,944
2025 FDI attraction: Approximately USD 8.9 billion
Industrial parks: 78
Industrial clusters: 25
International airport: Tan Son Nhat International Airport
Adjacent international aviation hub: Long Thanh International Airport
Major port systems: Cat Lai, Hiep Phuoc and Cai Mep–Thi Vai
Special administrative zone: Con Dao
Official 2025 economic reporting places the expanded city’s GRDP at approximately VND 3.03 quadrillion, representing about 23.5% of Vietnam’s GDP, with FDI attraction estimated at USD 8.9 billion.
The 2025 administrative consolidation fundamentally changed the economic geography of Southern Vietnam.
Before the merger, the three former jurisdictions performed complementary but administratively separate roles.
Former Ho Chi Minh City functioned as Vietnam’s leading commercial, financial, services, technology and corporate headquarters center.
Former Binh Duong Province developed one of Vietnam’s largest and most mature industrial manufacturing ecosystems, with extensive industrial parks, export manufacturing, supporting industries, warehousing and foreign-invested production.
Former Ba Ria–Vung Tau Province provided the region with world-class maritime infrastructure, deep-water ports, oil and gas activities, petrochemicals, heavy industry and international shipping access.
Today, these capabilities exist within one Ho Chi Minh City.
This integration creates the potential for a continuous investment corridor extending from the urban and financial center through major manufacturing zones to the Cai Mep–Thi Vai deep-water port complex and the East Sea.
For manufacturers and global supply-chain operators, this means corporate management, production, warehousing, logistics, finance and international shipping can increasingly be organized within the same metropolitan jurisdiction.
Ho Chi Minh City remains the principal economic engine of Vietnam.
In 2025, the expanded city generated approximately VND 3.03 quadrillion in GRDP, equivalent to roughly 23.5% of national GDP. GRDP per capita was estimated at approximately USD 8,944.
Its economic base is unusually diversified.
Major sectors include:
finance and banking; international trade; advanced manufacturing; electronics; mechanical engineering; food processing; chemicals, pharmaceuticals, rubber and plastics; information technology; software; semiconductor-related industries; logistics and warehousing; real estate; construction; energy and petrochemicals; maritime services; tourism; professional services; and digital commerce.
This diversity gives investors access not only to production capacity but also to one of Vietnam’s deepest ecosystems of banks, professional advisers, technology companies, logistics providers, suppliers, contractors, universities and skilled labor.
Foreign investment has been central to the development of all three territories that now form Ho Chi Minh City.
In 2025, the expanded city attracted approximately USD 8.9 billion in foreign direct investment, according to official city reporting.
The industrial ecosystem itself is exceptionally large. By the end of March 2026, industrial parks and export processing zones under the expanded city contained 5,374 valid investment projects, including 3,209 foreign-invested projects with approximately USD 57.57 billion in registered capital.
The city is increasingly shifting its investment strategy from attracting FDI primarily by quantity toward attracting higher-quality capital associated with advanced technology, innovation, green production, digital transformation and higher-value industries.
This evolution is particularly important for multinational manufacturers evaluating Vietnam as part of a China+1, supply-chain diversification or Southeast Asian manufacturing strategy.
Following the merger, Ho Chi Minh City has 78 industrial parks and 25 industrial clusters, creating one of the largest industrial development platforms in Vietnam.
But the value of the city’s industrial ecosystem cannot be measured by the number of industrial parks alone.
It combines several generations of industrial development, ranging from established export-processing zones and mature manufacturing clusters to high-tech parks, modern industrial estates, logistics facilities and future green and smart industrial developments.
The traditional metropolitan industrial base includes major locations such as Tan Thuan Export Processing Zone, Linh Trung Export Processing Zones, Tan Tao, Tan Binh, Hiep Phuoc, Le Minh Xuan, Vinh Loc, Tan Phu Trung, Dong Nam and Saigon Hi-Tech Park.
These locations benefit from proximity to the city center, Tan Son Nhat International Airport, Cat Lai Port, major universities, technology companies and a large labor and consumer market.
The former Binh Duong Province brings a substantially larger manufacturing platform into the new city.
Its industrial corridors include internationally recognized developments such as VSIP, Song Than, My Phuoc, Bau Bang, Rach Bap, Nam Tan Uyen and numerous other established industrial parks.
This area has developed over decades into a major production base for furniture, electronics, machinery, textiles, supporting industries, consumer goods, food processing and export manufacturing.
For investors requiring larger industrial land parcels, ready-built factories, built-to-suit facilities or scalable manufacturing campuses, the former Binh Duong area remains one of the most important industrial locations in Southern Vietnam.
The former Ba Ria–Vung Tau area adds another strategic dimension: port-oriented industrialization.
Industrial locations around Phu My and the Cai Mep–Thi Vai corridor provide access to deep-water maritime infrastructure and are particularly relevant for logistics, steel, chemicals, petrochemicals, energy, heavy industry, large-scale manufacturing and import-export operations.
Together, these three industrial zones of influence create a metropolitan manufacturing ecosystem of exceptional depth and diversity.
One of the most important consequences of the merger is geographic and strategic:
Cai Mep–Thi Vai is now part of Ho Chi Minh City.
The expanded municipality therefore contains not only Vietnam’s leading financial and commercial center but also one of the country’s most strategically important deep-water port systems.
Cai Mep–Thi Vai supports direct international shipping connections, including long-haul routes to major markets in North America and Europe. Together with Cat Lai and Hiep Phuoc, it gives the expanded city a powerful multi-port logistics network.
For industrial investors, this is particularly important for businesses with high container volumes, imported raw materials, heavy equipment, export manufacturing or time-sensitive international supply chains.
The city is also advancing further maritime infrastructure, including Cai Mep Ha and the planned Can Gio International Transshipment Port, strengthening its ambition to become a major regional maritime and logistics hub.
The planned Can Gio project alone has been presented with a long-term capacity approaching 17 million TEUs per year, highlighting the scale of the city’s maritime ambitions.
Tan Son Nhat remains Ho Chi Minh City’s principal international aviation gateway and provides immediate access to the urban commercial core.
For international investors, its location offers convenient connectivity for corporate executives, technical specialists, suppliers and international business travel.
Long Thanh International Airport, located in neighboring Dong Nai City, will complement the metropolitan aviation network and substantially expand the international passenger and cargo capacity of Southern Vietnam.
The relationship between Tan Son Nhat, Long Thanh, Ho Chi Minh City’s industrial corridors and the Cai Mep–Thi Vai port system will be increasingly important for high-value manufacturing, air cargo, e-commerce, electronics, pharmaceuticals and regional distribution.
Ho Chi Minh City sits at the center of Southern Vietnam’s most important road and logistics network.
Its strategic corridors include the Ho Chi Minh City–Long Thanh–Dau Giay Expressway, Ho Chi Minh City–Trung Luong corridor, Ben Luc–Long Thanh Expressway, Bien Hoa–Vung Tau Expressway connections and major national highways.
Ring Road 3 is particularly significant because it connects major industrial, urban and logistics areas around the metropolitan region. The city is targeting completion of the entire route during 2026.
Ring Road 4 is expected to create an even larger logistics belt connecting industrial zones, ports, satellite urban centers and regional expressways.
For industrial real estate, these transport corridors can influence land values, factory demand, logistics costs and future development patterns.
The city’s investment proposition is no longer limited to physical infrastructure.
The Viet Nam International Financial Center in Ho Chi Minh City — VIFC-HCMC — officially launched in early 2026, creating a new institutional platform designed to connect Vietnam with global capital, financial institutions, investment funds and modern financial services.
The development strategy includes banking, capital markets, asset management, fintech, digital finance and other international financial services.
The government’s development plan aims to build a comprehensive financial ecosystem and attract major international financial institutions, investment funds and professional market participants.
For industrial and infrastructure investors, this has broader significance.
Ho Chi Minh City is seeking to connect global capital with real economic assets — including manufacturing, infrastructure, ports, logistics, metro systems, technology and green transformation.
This creates a potentially powerful relationship between the city’s financial center and its industrial economy.
Ho Chi Minh City is moving beyond traditional labor-intensive manufacturing.
Priority areas increasingly include:
semiconductors, artificial intelligence, robotics, automation, electronics, digital infrastructure, research and development, biotechnology, new materials, green technologies and advanced manufacturing.
The city is actively developing technology and innovation ecosystems and seeking higher-quality FDI rather than simply maximizing the number of investment projects.
In August 2026, city authorities were also emphasizing strategic technologies including AI, semiconductors, robotics and UAV technologies.
This creates opportunities not only for manufacturers but also for R&D centers, engineering companies, data and technology businesses, specialized suppliers and innovation-driven multinational corporations.
One of Ho Chi Minh City’s strongest competitive advantages is the depth of its human capital and professional-services ecosystem.
The metropolitan area contains a large network of universities, colleges, vocational institutions, international schools and technical training centers.
It also has Vietnam’s deepest concentration of banks, law firms, accounting firms, engineering companies, construction contractors, logistics providers, customs services, recruitment companies, technology businesses and corporate advisory firms.
For foreign investors, this significantly improves the ability to establish and operate regional headquarters, factories, R&D centers, distribution operations and supply-chain management functions within the same metropolitan economy.
The enlarged Ho Chi Minh City creates a much broader industrial real estate market than the former city alone.
Investors can evaluate:
Industrial land for long-term investment
Ready-built factories
Ready-built warehouses
Built-to-suit manufacturing facilities
Logistics and distribution centers
Cold-storage facilities
Port-oriented industrial properties
Operating factories for acquisition
Industrial M&A opportunities
Large-scale manufacturing campuses
High-tech and R&D facilities
Location selection should depend on the investor’s industry, environmental requirements, power demand, labor requirements, logistics model, port dependency, airport dependency and target export markets.
There is no single “best” industrial location within Ho Chi Minh City.
The correct location is the one that produces the best total investment outcome for a specific project.
Ho Chi Minh City offers a combination that is difficult to replicate elsewhere in Vietnam:
Vietnam’s largest metropolitan economy
A population and labor market exceeding 14 million people
A mature multinational manufacturing ecosystem
78 industrial parks
Cai Mep–Thi Vai deep-water port access
Cat Lai and Hiep Phuoc port systems
Tan Son Nhat International Airport
Connectivity to Long Thanh International Airport
Extensive expressway and ring-road development
Vietnam International Financial Center
High-tech and innovation ecosystems
One of Vietnam’s largest consumer markets
A sophisticated professional-services ecosystem
The city can therefore support virtually the entire international investment lifecycle:
CAPITAL → MARKET ENTRY → SITE SELECTION → MANUFACTURING → SUPPLY CHAIN → LOGISTICS → EXPORT → FINANCE → EXPANSION
From TTTFIC Group’s perspective, the 2025 merger represents much more than an administrative boundary adjustment.
It fundamentally changes how international investors should evaluate Ho Chi Minh City.
Historically, investors often considered Ho Chi Minh City, Binh Duong and Ba Ria–Vung Tau as three separate location options.
Today, they can increasingly be analyzed as three complementary investment zones within one metropolitan jurisdiction:
The Central Metropolitan & Innovation Core — finance, corporate headquarters, services, technology, R&D and high-value urban economy.
The Northern Manufacturing & Industrial Belt — large-scale manufacturing, industrial parks, factories, warehouses, supporting industries and supply-chain ecosystems across the former Binh Duong area.
The Southeastern Maritime & Heavy-Industry Belt — Cai Mep–Thi Vai, Phu My, petrochemicals, energy, heavy industry, logistics and international maritime trade across the former Ba Ria–Vung Tau area.
This is the new competitive advantage of Ho Chi Minh City.
A multinational investor can potentially locate its regional management, manufacturing operation, logistics infrastructure and international export gateway within a single expanded metropolitan economy.
For companies implementing China+1, Vietnam+1, supply-chain diversification, manufacturing relocation or Southeast Asia expansion strategies, Ho Chi Minh City deserves consideration not merely as a city, but as a complete investment ecosystem.
TTTFIC Group supports international investors throughout the industrial investment lifecycle in Ho Chi Minh City and across Vietnam.
Our services include industrial land sourcing, ready-built factory and warehouse leasing, built-to-suit factory development, operating factory acquisitions, industrial M&A, investment location advisory, industrial park selection, FDI establishment support, IRC/ERC procedures, environmental and fire-safety coordination, due diligence, transaction advisory and other industrial investment services.
Our objective is not simply to introduce available properties.
We help investors identify the right location, understand the risks, compare alternatives and structure an industrial investment strategy appropriate to their operational requirements.
Contact TTTFIC Group for confidential industrial investment, factory, warehouse, land and M&A opportunities.
Team Marketing – TTTFIC Group
Tel: +84 274 633 6888
Email: info@tttfic.com
Phone: +84 93 643 1788
Social: /TTTFICGroup
