By Hai Yen
Fri, July 4, 2025 | 8:23 am GMT+7
Kingfa, China’s leading advanced materials company, held a significant milestone on Wednesday with the topping-out ceremony for its $80 million plant in Dong Nai province. This location has emerged as a vital industrial hub in southern Vietnam, showcasing the growing importance of the region in global supply chains.
The ambitious project spans an expansive 14.4 hectares within the Long Thanh Hi-Tech Industrial Park. The development is spearheaded by the Vietnamese contractor AZB, emphasizing local collaboration in this significant investment.
Once operational, the Kingfa plant is expected to achieve an impressive annual capacity of 170,000 tons, generating over 1,000 new jobs for the local workforce. This advancement not only stimulates the economy but also demonstrates Kingfa’s commitment to contributing to the local community.
The progress of Kingfa plant project in Dong Nai province, southern Vietnam, as of July 2, 2025. Photo courtesy of AZB.
This new facility is part of Kingfa’s global expansion strategy, aimed at tapping into the burgeoning Southeast Asian market. As the region continues to grow economically, Kingfa’s decision to invest here reflects a strategic move to establish a foothold in one of the world’s most dynamic areas.
Furthermore, this plant will serve as the company’s regional manufacturing and export hub, vital for reinforcing its international supply chain. With efficient production capabilities and a prime location, Kingfa is well-positioned to meet global demand while also facilitating local distribution.
Dong Nai province is particularly strategic due to its proximity to the upcoming Long Thanh International Airport, which is slated to be the largest in Vietnam upon completion. This infrastructure development enhances logistical efficiencies, making it even more attractive for foreign investments.
According to the Dong Nai Industrial Zones Authority, the province has successfully attracted over $1.3 billion in registered foreign direct investment (FDI) into its industrial parks from January to May this year—surpassing its 2025 target by $330 million. This promising figure further underscores the region’s appeal, with expectations to reach $1.5 billion by year-end.