This is an encouraging sign.
From early 2025 until now, the People’s Committee of Binh Duong Province has granted investment policy approvals and investment certificates for seven foreign direct investment (FDI) projects, with a total capital of nearly $1 billion.
These projects span various sectors, including high-tech industries, electronic component manufacturing, logistics, and industrial real estate.
This is a positive signal for the province’s socio-economic development and enhances Binh Duong’s competitiveness on the global investment map.
Developing Eco-Industrial Parks
Binh Duong is collaborating with the World Bank (WB) to develop eco-industrial parks, incorporating green energy, solar power, water recycling, and intelligent operation management.
According to Binh Duong’s provincial master plan for 2021-2030, with a vision toward 2050, the development of next-generation industrial parks is a crucial foundation for attracting investment in high-tech industries.
Binh Duong is a key industrial province in the Southeastern region and the Southern economic hub.
Positive FDI Growth
In 2024, Binh Duong recorded positive FDI growth. By the end of the year, the province exceeded its foreign investment attraction target, reaching over $2.2 billion. Many FDI enterprises in Binh Duong are planning to reinvest and expand their business operations.
According to Binh Duong Newspaper, the province ranks second in Vietnam in terms of FDI attraction, following Ho Chi Minh City.
Binh Duong has planned nearly 20,000 hectares of industrial land to form a new-generation industrial belt along Ring Road 3, Ring Road 4 of Ho Chi Minh City, the Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway, and the Ho Chi Minh Road passing through the province. This will create new growth momentum and development space, strongly attracting investment in the coming years.
Between 2021-2025, Binh Duong aimed to attract $9 billion in FDI. To date, the province has exceeded this goal, reaching $9.65 billion, or 102.74% of the target.
Binh Duong to Have 42 Industrial Parks by 2050
According to its master plan, by 2030, Binh Duong will become a centrally governed city, one of Southeast Asia’s most dynamic and comprehensive development centers. It aims to lead in science, technology, and innovation, serving as a hub for modern industrial services, with synchronized, smart, and sustainable infrastructure, adapting to climate change while protecting the ecological environment. The goal is to enhance the quality of life, build a prosperous and modern society, and ensure national defense and public security.
By 2030, Binh Duong will have 42 industrial parks covering approximately 18,600–21,000 hectares. This includes:
- Continuing the development of 33 already planned industrial parks (29 operational and four under preparation).
- Establishing 10 new industrial parks.
- Evaluating the conversion of Binh Duong Industrial Park’s function in compliance with legal regulations.
Between 2031-2050, the province will complete infrastructure investment and fully occupy the established industrial parks while adding 5-6 new ones. Additionally, seven industrial parks in Di An and Thuan An cities may be partially or fully converted to serve socio-economic development.
By 2050, Binh Duong is expected to have 41-42 industrial parks covering approximately 25,000 hectares. Some parks, such as Bau Bang 3, Bau Bang 4, Bac Tan Uyen 2, Dau Tieng 1A, Dau Tieng 5, and Bac Tan Uyen 4, will allocate land to relocate industries from the southern part of the province.
Binh Duong also plans to develop:
- Two technology science park-model industrial parks (Lai Hung and Binh Duong Riverside).
- One specialized mechanical engineering industrial park (Bac Tan Uyen 1).
New industrial parks will prioritize multi-sector industrial zones, supporting industries, specialized industrial parks, eco-industrial parks, and high-tech industrial parks.
The establishment of these industrial parks must comply with legal regulations and land-use quotas allocated by the Prime Minister.
Source: Dy Khoa, Nhip Song Thi Truong