VSIP III Binh Duong: Home to LEGO, Pandora & Global Investors

VSIP III Binh Duong: An Industrial Park Attracting LEGO, Pandora, and Global Corporations

VSIP III Binh Duong is a next-generation industrial park within the Vietnam–Singapore Industrial Park (VSIP) system, located in Tan Uyen. Spanning 1,000 hectares, the industrial park features green infrastructure and strong regional connectivity. It has attracted major investors such as LEGO and Pandora, companies known for their stringent requirements when selecting manufacturing locations.

Overview of VSIP III Binh Duong

• Scale: 1,000 hectares

• Location: Hoi Nghia Ward (Tan Uyen) and Tan Lap Commune (Bac Tan Uyen), Binh Duong Province

• Developer: VSIP, a joint venture between Becamex IDC and Sembcorp Industries

• Development vision: A smart, green, and sustainable industrial park

• Energy: A 50-hectare solar farm within the industrial park, supporting clean energy supply for major tenants

VSIP III is designed to integrate technology into energy, water, waste, transportation, and security management.

Location and Transport Connectivity

VSIP III is situated along the Ring Road 4 corridor and connects to the My Phuoc–Tan Van Expressway, providing convenient access to seaports and airports. The industrial park is also well connected to manufacturing hubs in Dong Nai and Ba Ria–Vung Tau.

This strategic location helps businesses optimize logistics costs and access a broad labor pool across the region.

VSIP III Binh Duong: Where Global Brands Choose to Manufacture

As global supply chains increasingly shift toward Southeast Asia, Binh Duong continues to attract international corporations. Among these, Vietnam–Singapore Industrial Park III (VSIP III) in Tan Uyen has attracted major European investors with particularly stringent requirements for manufacturing locations.

VSIP III: A Vision for Sustainable Industry

VSIP III covers 1,000 hectares and is envisioned as a smart and sustainable industrial park. It incorporates technology into energy, water, waste, transportation, and security management.

A key highlight is the 50-hectare solar farm within the industrial park, designed to provide clean energy for major tenants.

VSIP III is located along the Ring Road 4 corridor, with connections to the My Phuoc–Tan Van Expressway, facilitating access to seaports, airports, Ho Chi Minh City, Dong Nai, and Ba Ria–Vung Tau.

Notable Tenants

LEGO Group (Denmark): A Project Worth More Than US$1.3 Billion

LEGO selected VSIP III for its first manufacturing facility in Vietnam, occupying a 44-hectare site with a total investment exceeding US$1.3 billion.

This is the company's sixth factory worldwide and its second in Asia. The project is expected to employ approximately 4,000 people and is designed as a carbon-neutral facility powered by renewable energy.

Pandora (Denmark): A US$150 Million Jewelry Manufacturing Facility

Global jewelry brand Pandora has developed a manufacturing facility at VSIP III with an investment of US$150 million, expected to create approximately 7,000 jobs.

This will be Pandora's fourth manufacturing facility and its first outside Thailand. After two years of site evaluation, Pandora selected Binh Duong based on factors including labor availability, workers' skills, and the potential for collaboration.

Giant Group (Taiwan): A Planned US$120 Million Manufacturing Facility

Taiwanese bicycle manufacturer Giant Group plans to invest approximately US$120 million in a new manufacturing facility at VSIP III Binh Duong. According to information released by Binh Duong provincial authorities in April 2024, the project is part of the company's expansion plans in the province.

What Global Investors See in VSIP III

• Green infrastructure and renewable energy: Supports corporate emissions commitments and environmental, social, and governance (ESG) standards.

• A large, skilled workforce: Suitable for projects requiring thousands of employees.

• Strategic regional connectivity: Close to Ho Chi Minh City, Dong Nai, seaports, and airports.

• The VSIP brand: Backed by nearly three decades of experience in integrated industrial park development.

Why Lease Land or Factory Space at VSIP III?

Businesses considering VSIP III can benefit from several competitive advantages:

• Green infrastructure and renewable energy: Helps meet ESG requirements across global supply chains.

• A skilled and readily available workforce: Suitable for large-scale manufacturing operations.

• Convenient regional connectivity: Provides access to Ho Chi Minh City, Dong Nai, seaports, and airports.

• An established industrial park developer: The VSIP network has been developing integrated industrial parks since 1996.

Priority Investment Sectors

VSIP III focuses on attracting investment across seven key sectors:

1. Electronics and electrical equipment

2. Automotive manufacturing and assembly

3. Mechanical engineering and manufacturing

4. High-tech supporting industries

5. Textiles and garments

6. Food and beverages

7. Logistics and warehousing

Frequently Asked Questions About VSIP III Binh Duong

Where is VSIP III Binh Duong located?

The industrial park is located in Hoi Nghia Ward (Tan Uyen) and Tan Lap Commune (Bac Tan Uyen), Binh Duong Province, near the Ring Road 4 corridor.

How large is VSIP III?

VSIP III covers 1,000 hectares, including a 50-hectare solar farm.

Which companies are investing in VSIP III?

Notable investors include LEGO Group and Pandora, alongside other businesses interested in the industrial park.

Which industries does VSIP III target?

The park focuses on electronics, automotive manufacturing, mechanical engineering, high-tech supporting industries, textiles and garments, food and beverages, and logistics.

How can businesses lease land or factory space at VSIP III?

Businesses can contact the relevant leasing team directly for information on available land plots, ready-built factories, leasing procedures, and applicable policies.

Opportunities for the Next Wave of Investors

VSIP III aims to attract businesses across seven key sectors: electronics and electrical equipment, automotive manufacturing and assembly, mechanical engineering, high-tech supporting industries, textiles and garments, food and beverages, and logistics.

With global names such as LEGO and Pandora establishing a presence at the industrial park, businesses in their supply chains have additional incentives to locate manufacturing facilities nearby. This can help reduce logistics costs and facilitate closer collaboration with major customers.

Contact SEE the SPACE for assistance with checking current availability, identifying suitable site sizes, and obtaining updates on the handover schedules of new office projects.

SEE the SPACE — Your Space, Expertly Guided

• Hotline: 0768 999 647

• Email: leasing@seethespace.vn

• Website: seethespace.vn

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  Reference:

  • Market Report - Southern Vietnam Factory & Warehouse Leasing Q3/2026: Rents and Occupancy
  • Industrial Parks in Ho Chi Minh City | Manufacturing & Logistics Hub
  • Industrial Land in Binh Duong
  • Warehouse & Factory for Lease in Ho Chi Minh City | SEE THE SPACE
  • Factory in Binh Duong