Binh Duong’s industrial parks eye more productive operation
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.
My Phuoc industrial park 2 in Binh Duong province (Source: baobinhduong.vn)
Binh Duong (VNA) - The so𒁃uthern provin꧃ce of Binh Duong moves to attract hi-tech and environmentally-friendly investment projects into industrial parks to serve its sustainable development through 2020.
Head of the provincial management board of industrial parks Tran Van Lieu was speaking at a ceremony to mark the 20th founding anniversary of the authority in Binh Duong on November 12.
The locality will prioritise the support industries that are able to join the global productions chains and the spearhead industries such as electricity, electronics, telecommunication, information technology, and mechanical engineering, he revealed.
It plans to improve the operational efficiency of industrial parks and reinforce their infrastructure connectivity with the southeast and southern key economic zone.
Binh Duong is now home to 28 industrial parks covering 9,500 hectares, which are expected to increase to 35 spanning 13,764 hectares by 2020.
According to the management board, the annual average revenue growth in the industrial parks stood between 30-35 percent over the years.
Between 2011 and 2015, businesses grossed about 32.5 billion USD in revenue, including 15.5 billion USD from exports, contributing some 800 million USD to the local State budget.
Nearly 12,000 workers have been employed on an annual basis since 1995, increasing the total number of employees at the industrial zones to 240,000 at present.-VNA
The value of industrial production in the southern province of Binh Duong has hit over 152 trillion VND (6.68 billion USD) for the first nine months of the year, up 13.8 percent on a yearly basis.
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.
Industrial parks (IPs) have great potential for development in the domestic property market in the coming time, Savills Vietnam's recent report on industry zones said.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
My Phuoc industrial park 2 in Binh Duong province (Source: baobinhduong.vn)
