According to the Planning and Investment Department of Binh Duong province, from the beginning of the year until now, Binh Duong has granted licenses to nearly 60 new foreign direct investment (FDI) projects and over 30 capital contribution and share purchase projects, with a total investment of nearly $280 million.
Of these, the majority of investments were in the processing and manufacturing industries, accounting for over 95%, followed by real estate. The top investing countries include China, Singapore, and others.
Synchronized and modern industrial park infrastructure is one of Binh Duong’s outstanding advantages in attracting FDI.
In total, Binh Duong is currently home to 4,094 valid projects with a total investment of over $40.5 billion, ranking third in the country in attracting FDI (after Ho Chi Minh City and Hanoi).
As per the plan, in 2024, Binh Duong aims to attract approximately $1.8 billion in FDI, with industrial parks in the province striving to attract $1.2-1.3 billion and VND 1,100-1,200 billion in domestic investment.
Prior to granting investment licenses, authorities focus on project selection and evaluation of feasibility, financial capacity, and investor reputation, while resolutely refusing low-quality projects that do not align with the province’s orientation.
Binh Duong’s direction is to prioritize attracting projects that apply advanced technology, use less labor, and achieve high added value.
Also, during the period from now until 2030, Binh Duong will relocate businesses and industrial parks from the south to the north of the province to create space for the development of commerce and services in the southern localities.
