ATTRACTING INVESTMENT: Positive Signals from the beginning of the year

At the beginning of 2025, over US$1.7 billion has been registered for investment in the province. According to investors' assessments, Binh Duong remains a promising location for the development of both domestic and foreign businesses.

Attracting over US$1.7 billion at the beginning of the year

On January 2, provincial People's Committee held a ceremony to grant investment approval decisions for 20 projects and issue investment registration certificates for 3 projects, with total registered investment capital of over US$1.7 billion. This is considered as a positive signal for investment flows into the province in 2025.

Most of the projects in this wave are focused on such areas as commercial housing, social housing, industrial production, industrial parks (IPs), urban development... Notably, large-scale projects include the Quang Phuc 4 Residential Area project by QP Township Joint Stock Company, with total investment of over VND3.8 trillion; the Binh My Residential Area project by North Binh Duong Real Estate Joint Stock Company, with total investment of over VND3.7 trillion and the Starview Complex Residential project by Vinh Phu National Housing Organization LLC, with total investment of over VND3.4 trillion

Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee stated that the investment projects awarded certificates at the beginning of the new year, totaling over US$1.7 billion, will play an important role in unlocking the potential of domestic enterprises. These projects will work alongside public investment capital to develop urban areas, infrastructure, industrial parks, trade-services... The positive changes in attracting both domestic and foreign investment since the start of the year contribute to Binh Duong's urban development, aiming at becoming a centrally run city by 2030 as outlined in provincial Planning for the 2021-2030 period, with a vision towards 2050, which has been approved by the Prime Minister.

Opening up new development opportunities

Among the projects granted investment approval decisions this time, there is the Rach Bap Industrial Park Infrastructure Development and Business Project. This project will further contribute to the development of industrial infrastructure, attract investment projects and provide momentum for the province's economic growth in the coming period. The project investor is An Dien Industrial Joint Stock Company, a subsidiary of the Vietnam Rubber Group.

The project covers 360 hectares in Ben Cat city’s An Tay and An Dien wards as well as Dau Tieng district’s Thanh Tuyen and An Lap communes. The total investment for the project is VND1,034.9 billion. Le Thanh Hung, CEO of Vietnam Rubber Group stated that with the goal of developing a green, clean, modern and sustainable industrial park, the expanded Rach Bap Industrial Park is expected to attract more investors for production and business activities. The expansion of Rach Bap Industrial Park will contribute to the increasingly sustainable economic and social development of the province.

Binh Duong continues asserting its position as one of the most attractive investment destinations in the country. With a favorable business environment, strong support from local authorities for enterprises and continuously upgraded infrastructure facilities, Binh Duong has successfully attracted significant investment from both domestic and foreign businesses. According to provincial leaders, in line with sustainable development goals, Binh Duong will further focus on attracting investment into modern industries while also boosting investment in infrastructure, urban development and high-quality commercial and service sectors.

Binh Duong continues bending on implementing various solutions to attract high-quality investment projects. The province still continues creating favorable conditions for investors, upholding the local advantages on stable investment environment and strategic location. The province is also enhancing the local competitiveness by improving the business environment, workforce resources and infrastructure—key factors that investors consider when making investment decisions in the province

Binh Duong has set a target of achieving double-digit growth in 2025 and the following years. To continue being a promising destination for investors, Binh Duong is focusing on enhancing infrastructure and improving the investment environment. In the coming time, the province will begin construction on several key projects that will connect regions, including the Ho Chi Minh city – Thu Dau Mot – Chon Thanh expressway and belt road 4 of Ho Chi Minh city, which will pass through the province. These key projects, once completed, will contribute to boosting the province’s socio-economic growth, in line with provincial Planning for the 2021-2030 period, with a vision toward 2050. 

Reported by Ngoc Thanh-Translated by Kim Tin