The southern province of Binh Duong has lured over three billion USD in FDI since the beginning of 2015, tripling the yearly target of one billion USD.
A Japanese-invested garment-textile factory in Binh Duong province (Photo: VNA)
Binh Duong (VNA) – The southern province of Bin🍬h Duong has lured over three billion USD in FDI since the beginning of 2015, tripling the yearly target of one 🎉billion USD, said the provincial Planning and Investment Department.
One of the largest projects this year is a 22.7 trillion VND (1.035 billion USD) paper manufacturing plant run by the Cheng Loong Group of China’s Taiwan in Singapore Ascendas-Protrade industrial park. The project is expected to start construction in late December this year.
Provincial Party Committee Secretary Tran Van Nam said the province has made good preparations in terms of investment policy and mechanism, industrial park infrastructure and transportation network in order to attracting more domestic and foreign investors.
According to Nam, after the Trans-Pacific-Partnership (TPP) agreement takes effect, the province will continue to attract FDI capital, shifting priority to modern technical investment and environmentally friendly projects.
The province is working on planning for 35 industrial parks and industrial clusters, focusing on supporting industry with a view to minimizing dependence on import materials for products to benefit from the TPP such as garment and textile, and footwear.
Binh Duong’s urbanization rate has surpassed 76 percent. The province aims to fully achieve the industrialization target in the next five years.
The province is now home to 26 industrial parks, covering a total area of 8,800 hectares. The average occupancy rate is 65 percent.
The locality plans to lure 1.4 billion USD in FDI in 2016. It vowed to continue to improve the local business climate and its provincial Competitiveness Index by adding support to investors, stepping up administrative reforms and ensuring social welfare.-VNA
The southern province of Binh Duong attracted nearly 1.5 billion USD in foreign direct investment (FDI) in the first nine months of this year, up 27 percent from the same period last year.
The southern province of Binh Duong moves to attract hi-tech and environmentally-friendly investment projects into industrial parks to serve its sustainable development through 2020.
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated 13.2 billion USD from the beginning of 2015 until November 20, up 17.9 percent against 2014.
Some 1.7 billion USD in FDI has been poured into southern Binh Duong province since the beginning of 2015, surpassing the yearly target by 70 percent and up 11.1 percent year on year.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
A Japanese-invested garment-textile factory in Binh Duong province (Photo: VNA)
