By Nguyen Tri, Chau Anh
Sun, March 1, 2026 | 4:49 pm GMT+7
Saigon-Nhonhoi Industrial Park Corporation (SNP) has taken an exciting step forward with its recent approval as the investor for the VND2.55 trillion ($97.91 million) Cat Trinh Industrial Park project in Gia Lai province, central Vietnam. This large-scale investment showcases the potential and growth that the region is poised to experience.
According to the project’s funding structure, SNP will contribute VND383.1 billion ($14.71 million), accounting for 15% of the total investment, with the remaining funds to be mobilized through loans. Such financial strategies are common in large-scale developments, enabling companies to leverage capital efficiently and expand their operations.
The Cat Trinh Industrial Park is strategically positioned to cover over 368 hectares in Phu Cat commune, previously known as Cat Trinh commune in Phu Cat district, Binh Dinh province. The local administrative changes in July, when Binh Dinh and Gia Lai merged into a new Gia Lai province, have increased the region’s significance. The newly formed province shares borders with Dak Lak, Quang Ngai, Cambodia, and the East Sea, enhancing its connectivity for businesses.
A corner of Nhon Hoi Industrial Park – Zone A, developed by Saigon-Nhonhoi Industrial Park Corporation in Gia Lai province, central Vietnam. Photo by The Investor.
The investment will primarily focus on several core components necessary for the successful initiation and growth of the industrial park. Essential elements include site leveling, internal roads, power and water supply, stormwater and wastewater drainage, telecommunications, lighting, and landscaping. These foundational infrastructures will ensure the park is equipped to support a range of businesses efficiently.
Upon its expected completion in Q1 of 2030, the industrial park aims to provide infrastructure-ready land and comprehensive production support services for companies looking to set up operations. The commitment to enhancing local business environments means that the park is anticipated to attract various enterprises from different sectors.
A distinctive feature of this project is the requirement for the developer to allocate 20 hectares, about 5% of the total area, for leasing to high-tech enterprises, small and medium-sized firms, and startups. This initiative aligns with global trends of fostering innovation and entrepreneurship, ensuring that new business models and technologies have a space to flourish within the industrial park.
Founded in 2005, Saigon-Nhonhoi Industrial Park Corporation is headquartered at Nhon Hoi Industrial Park – Zone A in Quy Nhon Dong ward, Gia Lai. Operating in the fields of construction and trading of industrial park and urban residential area infrastructure, the company has developed a robust portfolio, including ready-built factory leasing. As of now, its charter capital stands at VND2.5 trillion ($96 million).
In Gia Lai, SNP has made significant contributions, notably as the developer of the Nhon Hoi Industrial Park — Zone A and the Cat Hanh Industrial Cluster. The Nhon Hoi Industrial Park – Zone A, which spans a substantial 394 hectares within the Nhon Hoi Economic Zone, has so far attracted 61 projects, including 12 worth VND26.56 trillion ($1.02 billion) last year. This impressive track record indicates the region’s growing appeal to investors.
Looking ahead to 2026, SNP aims to attract at least six new projects, each with a minimum investment capital of VND200 billion ($7.68 million), with total pledged capital of at least VND3 trillion ($115.2 million). This ambitious target underlines the firm’s proactive approach to driving economic growth in the region.
Meanwhile, the Cat Hanh Industrial Cluster, which encompasses 70 hectares, has a combined investment of nearly VND433 billion ($16.62 million) and is slated for operation in December 2026. Such developments contribute to a robust industrial landscape that is maturing in Gia Lai.
The local government continually supports industrialization, as illustrated by the recent approval of the Tay Giang Industrial Park project, with Binh Hung Industrial Infrastructure JSC as the designated investor. Covering 300 hectares in Binh Khe commune, this project has a total investment of nearly VND1.8 trillion ($69.11 million), demonstrating escalating interest in the province’s industrial capabilities.
Adding to the growth narrative, in late 2025, Gia Lai representative initiated groundwork on the 207.67-hectare Binh Nghi Industrial Park project, led by Binh Nghi Industrial Park Infrastructure Development and Investment Co., Ltd, with an investment exceeding VND1.46 trillion (about $56.06 million). These projects are vital for agricultural and industrial integration, paving the way for something remarkable in the region.
Industry statistics reveal that eastern Gia Lai is currently home to three industrial parks within the Nhon Hoi Economic Zone—Nhon Hoi – Zone A, Zone B, and Becamex. Additionally, there are seven more outside the economic zone, of which four are already operational, indicating a thriving industrial ecosystem.
On the western side of the province, the Le Thanh International Border Gate Economic Zone spans an impressive 41,515 hectares, complemented by two additional industrial parks located outside this economic zone. This diverse economic landscape not only enhances local employment opportunities but also invites both domestic and foreign investments continuously.