Unlocking Investment Opportunities: Binh Duong’s ‘Transport-Led Development’ Strategy

With the philosophy of “transportation first” as a foundation for growth, Binh Duong has proactively invested in and developed its transportation infrastructure over the years, creating a distinct advantage in attracting investment and boosting the economy.

The province has completed and put into use several key traffic projects with regional connectivity, effectively serving its socio-economic development oriented towards industrialization, modernization, and urbanization. Notable examples include My Phuoc Tan Van Road, DT.743 Road from Ong Cu Temple to Song Than Flyover, Thu Bien Dat Cuoc Road (phase 1), the road and bridge connecting Binh Duong and Tay Ninh provinces, Bach Dang 2 Bridge connecting Binh Duong and Dong Nai provinces, and the Bac Tan Uyen – Phu Giao – Bau Bang road, all of which have been contributing to the province’s progress.

Mr. Truong Van Phong, Vice Director of the Management Board of Binh Duong Industrial Parks (IPs), shared that in the first nine months of 2024, the total investment capital of enterprises in IPs reached VND 4,278 billion, a 38.1% increase compared to the same period in 2023. The IPs leased 53.88 hectares of land, attracting USD 1.045 billion in foreign investment (accounting for 87% of the province’s total foreign investment during this period). The revenue of enterprises in IPs reached USD 27 billion, with exports reaching USD 18.2 billion (71.1% of the province’s total export value in the same period).

In the same period, Binh Duong attracted VND 58,988 billion in registered capital for domestic business (reaching 85.7% of the previous year’s figure) and USD 1.56 billion in foreign investment (achieving 86.86% of the plan and 94.1% compared to the same period last year). To date, Binh Duong is home to 71,776 domestic enterprises with a total registered capital of VND 786,000 billion and 4,347 foreign-invested projects with a total registered capital of USD 42 billion.

Mr. Nguyen Van Loi, Secretary of the Binh Duong Party Committee, requested that units and localities focus on thoroughly resolving applications from people and businesses, creating a transparent and conducive investment environment, and avoiding any obstacles or hassles for people and enterprises. The dedication of the authorities inspires and boosts investors’ confidence.

Striving to Expedite Key Traffic Projects

The Binh Duong People’s Committee has assigned relevant units and localities to organize and implement key traffic projects, ensuring timely completion, surpassing plans, and maintaining the quality of the projects and resettlement areas as directed by the Government and the Provincial Party Committee.

In addition to launching a peak emulation movement to implement these projects, the People’s Committee also directed the deployment of a high-point campaign called “Promoting the Disbursement of Public Investment Capital” from October 15 to December 15, aiming to achieve the highest disbursement of the 2024 public investment plan.

Currently, Binh Duong is constructing the 26.6-kilometer Ho Chi Minh City Ring Road 3 section, starting from Tan Van Intersection and ending at Binh Goi Bridge. The project has a total land area of over 79.9 hectares, affecting 1,529 households, with an investment of approximately VND 19,280 billion.

The Ho Chi Minh City Ring Road 4 project has a total investment of nearly VND 18,300 billion (excluding interest), requiring the reclamation of nearly 420 hectares of land. The starting point of the route is at the junction of Ring Road 4 and the beginning of Thu Bien Bridge in Thuong Tan Commune, Bac Tan Uyen District, Binh Duong Province. The endpoint is in front of Phu Thuan Bridge’s abutment in An Tay Ward, Ben Cat City. The total length of the project’s section in Binh Duong is approximately 47.85 kilometers, and construction is expected to commence in November.

The Ho Chi Minh City – Thu Dau Mot – Chon Thanh Highway section in Binh Duong Province is about 52.1 kilometers long. In the first phase, the expressway will have four lanes, a continuous emergency stop lane, a 25.5-meter-wide roadbed, and a designed speed of 100 km/h.

The 6.5-kilometer initial section, from Ring Road 3 to before the Khanh Van Intersection, will retain the existing cross-section. The project also includes the construction of 26 bridges, with 16 bridges on the expressway crossing waterways and roads, five bridges on cross roads over the expressway, and five bridges on the connecting roads at the intersections. The project is implemented under the public-private partnership (PPP) model, specifically the build-operate-transfer (BOT) form, with a total expected investment of VND 8,833 billion. Construction is set to begin in November.