Đồng Nai

Foreign direct investment in Vietnam’s first industrial basin

Briefing note No.12 · 28 August 2026 · Vietnam

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Đồng Nai changed status twice in under a year: merged with the former province of Bình Phước on 1 July 2025, then raised to the rank of centrally-run municipality on 30 April 2026 — the country’s seventh. For an investor the substance has not moved: this is still the industrial heart of southern Vietnam, half an hour east of Ho Chi Minh City, and now the site of the country’s new international airport.

What changed, and why it matters to a filing

Two reforms landed in quick succession, and both touch the paperwork of an incorporation rather than the economics of one.

DateWhat happened
1 July 2025Đồng Nai and Bình Phước merge into a single entity keeping the name Đồng Nai — 12,737 km², 95 base-level units. The same day, nationwide, the district tier is abolished: administration runs on two levels, province and commune.
30 April 2026Đồng Nai becomes a centrally-run municipality (thành phố trực thuộc trung ương), the seventh after Hà Nội, Ho Chi Minh City, Hải Phòng, Đà Nẵng, Huế and Cần Thơ. The commune split moves to 33 urban and 62 rural communes.
Đồng Nai apres la reforme
Đồng Nai, after the reform. The former province in white, merged with Bình Phước on 1 July 2025 and raised to centrally-run municipality on 30 April 2026. Ho Chi Minh City lies off its south-western corner; Long Thành airport is being built inside it.Base map data © 2026 Google
The practical consequence

Addresses, competent authorities and the wording of registration documents changed with the reform. A lease, a company extract or a licence issued before July 2025 may name a district that no longer exists. When we prepare a file we restate the address in the current two-tier form — province (municipality) and commune — and check that the landlord’s own title documents have been brought into line. This is the single most common cause of a returned file in the region today.

The industrial base

81industrial zones planned; 58 created, 42 in operation
~76%average occupancy of operating zones
2,753projects from 45 countries and territories
USD 37bnregistered foreign capital; USD 27.4bn disbursed

Of those projects, 1,918 are foreign-invested and 835 are domestic. Exports reached roughly USD 28.8 billion in 2025, up 18.9% on the year, against USD 20.1 billion of imports; the United States takes about a third of the exports, ahead of Japan, South Korea and China.

Where the industry sits

Zone or clusterLocationOccupancyCharacter
Biên Hòa I & IITrấn Biên / Long Bình TânNear saturationThe historic zones, opened 1963 — Nestlé, Ajinomoto, Cargill, Hisamitsu, Mabuchi
AmataTrấn Biên100%513 ha, Sonadezi–Amata joint venture; Japanese, Thai and European investors
Nhơn Trạch I–VI, Ông KèoNhơn Trạch85–90%The densest pole: nine zones, 621 projects, 447 of them foreign
Lộc An–Bình Sơn / Long ThànhLong ThànhDeveloping497 ha beside the new airport — Bosch, Olympus, Ajinomoto
Bàu Xéo / Giang Điền / Sông MâyTrảng Bom / An Viễn70–90%Roughly 1,000 ha combined; the relocation basin for plants moving out of the city
Tân PhúTân Phú communeHigh54 ha; Chang Shin Vietnam, around 17,000 jobs

The dominant sectors are electronics and components; textiles, garments and footwear; mechanical engineering and automotive parts; wood and furniture; food processing; chemicals, pharmaceuticals and construction materials; and — growing fast with the airport — logistics. High technology, R&D and clean energy are the priority segment in the master plan.

The former Bình Phước half of the territory is a different economy: about three quarters of its active population worked in agriculture before the merger. It is Vietnam’s leading rubber-producing region, with a tradition going back to 1892, and the undisputed national centre for cashew — around 150,000 hectares, close to half the national area, and the country’s only protected geographical indication for the product. Fifteen approved industrial zones sit there, occupancy averaging some 68%, alongside active border trade through the Hoa Lư international gate to Cambodia.

Infrastructure — what is actually arriving

Long Thành international airport

Phase 1 works were to be completed in September 2026, with commercial operation targeted for the fourth quarter. Capacity is 25 million passengers a year in phase 1, up to 100 million over three phases, for a total investment of roughly USD 14 billion. It sits in the urban commune of Long Thành, about 40 km east of Ho Chi Minh City, and is designed to absorb all international routes over 1,000 km plus part of the domestic traffic currently concentrated at Tân Sơn Nhất.

Roads, rail, ports

  • Expressways. Widening of Ho Chi Minh City–Long Thành–Dầu Giây to 8–10 lanes; Biên Hòa–Vũng Tàu; Bến Lức–Long Thành; ring roads 3 and 4; provincial road 25C linking the airport to ring road 3.
  • Rail and mass transit. The north–south high-speed line, with an underground station inside the airport perimeter; the Thủ Thiêm–Long Thành metro; the extension of Ho Chi Minh City metro line 1 to Đồng Nai’s administrative centre and the airport. Most of these are not expected before 2030; rapid bus lines are the interim answer.
  • Ports. Phước An port and river quays along the Đồng Nai; and, close by via Biên Hòa–Vũng Tàu, the deep-water complex of Cái Mép–Thị Vải.

The master plan, in one page

The 2021–2030 plan with a 2050 horizon, approved in July 2024 and adjusted after the merger in February 2026, rests on three pillars: exploiting Long Thành airport on an “aerotropolis” model; a break in transport infrastructure with priority to transit-oriented development; and three target industries — aerospace; semiconductors, chip fabrication and artificial intelligence; automation and IT equipment. Spatially the territory is read as five functional zones: south-west for innovation and aerospace, north-west (the former Bình Phước) as an agricultural trade gateway and cross-border logistics platform, north-east for high-technology agriculture and ecotourism, a protected natural and leisure zone around Trị An lake and Cát Tiên national park, and south-east around the urban pole of Long Khánh.

What this means when you set up

Choosing the address

Inside an industrial zone the management board handles part of the process and the premises evidence is straightforward. Outside one, the registered office must sit in premises with a commercial function — a residential apartment is excluded — and where you take a sublease the file has to show the head lease, the landlord’s right to sublet and the building’s fire-safety compliance.

Sequence and capital

A foreign-invested company is licensed twice: the Investment Registration Certificate first, then the Enterprise Registration Certificate. Charter capital must be paid in within ninety days of the second certificate, through the direct investment capital account. Missing that window means amending the registered capital, not simply paying late.

How we work in Đồng Nai

Lo On Shing has no registered establishment in Vietnam. Our anchor in the municipality is a strategic partnership with Giang Nam 3V Law Firm, whose office is at Trảng Bom, at the centre of the Giang Điền / Bàu Xéo industrial basin. Vietnamese-law filings, court and administrative dealings run through that partnership; structuring, the Hong Kong holding layer and the group’s compliance stay with us. No international firm has a physical office in the municipality — the practical service to investors is delivered by local firms, and the choice of that local partner is the variable that decides how a file actually moves.

Sources. Resolutions of the National Assembly and its Standing Committee (202/2025/QH15, 1662/NQ-UBTVQH15, 237/NQ-UBTVQH16); Prime Ministerial Decision 586/QĐ-TTg of 3 July 2024 and provincial Decision 779/QĐ-UBND of 27 February 2026; figures reported by the provincial People’s Council, December 2025; National Business Registration Portal.
Figures are drawn from official provincial and national publications of varying dates (2024–2026) and are given as orders of magnitude. This note is general information on the investment environment; it is not legal or tax advice and creates no engagement. For a specific project, ask us for a written analysis. Lo On Shing Consultants Limited · 806 Capitol Centre, 5–19 Jardine’s Bazaar, Causeway Bay, Hong Kong SAR · info@loonshing-consultants.hk