Binh Duong was famous as a heroic land with glorious feats of arms during the resistance wars against foreign invaders. Currently, Binh Duong continues rising up with robust growth in industrial manufacture and makes contributions to the national state budget.
Binh Duong is now home to 28 industrial parks with 9,095 hectares in total and 8 industrial compounds with 592 hectares in total. So far, the whole province has absorbed 15,145 domestic and FDI projects with a total registered capital of US$17.5bln and VND146.914trillion.
Thanks to its favorable investment climate, Binh Duong has
achieved growth in both the quality and quantity of investment projects. The
province has also lured many large-scale projects, including the US$360
automobile tire factory invested by Kumho Asiana Group, the US$140 packaging
factory invested by Thailand’s SCG Siam Cement Group, the US$620mln Ecolakes My
Phuoc project invested by Setia Becamex, a joint venture of S P Setia Berhad
(55%), Becamex IDC Corp (45%), and Treasure Link (5%); the US$60mln beverage
factory invested by Kirin Vietnam Beverage Company… 
Production at a FDI company in Binh Duong
In the first seven months of 2012, Binh Duong drew additional 69 new FDI projects and 72 extra-ones capitalized at US$2.35bln. The province also granted investment licenses to 6 domestic projects worth VND4.071bln (equavilent to US$200mln). Noticeably, there were many projects with high technology or great capital such as the US$1.2bln Binh Duong Tokyu Urban Residential Area project invested by the Japanese Tokyu Group, the Japanese –DNP Group’s factory which specialises in producing film templates for the packaging industry, with total investment capital of US$35 mln in the first phase…
The above results have came from the consensus between the local people and authorities for the goal of “prosperous people and strong nation”. Provincial leaders have also put forward measures to successfully realize the local targets on socio-economic development for 2012 and following years, including perfecting economic infrastructure, improving the quality of human resources, well realizing administrative procedure reform, boosting trade promotion…
With the good preparation of provincial leaders plus the efforts of the local people, it is sure that Binh Duong’s economy will further gain robust growth in the coming time.
Reported by T.Minh-Translated by K.T
