In-depth industrial development

In the first six months of 2025, the Index of Industrial Production (IIP) in Binh Duong province is estimated at increasing by 10.19% compared to the same period last year. Binh Duong has been implementing comprehensive socio-economic development solutions and supporting the business community, turning industrial production into a key growth driver that contributes to achieving the province’s growth targets for 2025.

Processing and manufacturing industries is the key growth driver

During the first half of 2025, Binh Duong effectively deployed synchronized measures to support enterprises, promptly responding to difficulties in production and business operations based on information provided by industry associations. At the same time, enterprises accelerated their production and export activities to mitigate the impacts of U.S. reciprocal tariff policies. As a result, industrial production maintained a positive growth trajectory, with the IIP estimated at increasing by 10.19% year-on-year.

According to provincial Department of Finance, in the first half of 2025, Binh Duong attracted VND 67,569 billion in domestic investment, a 27% increase and US$ 850 million in foreign investment, 2.3 times higher than the same period in 2024. As of now, the province is home to 78,418 active domestic enterprises with total registered capital of VND 879,991 billion and 4,512 foreign investment projects with total capital exceeding US$ 42.7 billion.

In terms of investment, foreign investors have continued focusing heavily on the processing and manufacturing industries. In the first half of the year, among the 108 newly registered foreign direct investment (FDI) projects, 76 were in the processing and manufacturing sector, with total capital of over US$ 775.6 million, accounting for more than 91% of the total FDI registered in the province. Several major projects in this sector have either registered new investment projects or increased capital, including Kumho Tire Vietnam Co., Ltd. in My Phuoc 2 Industrial Park, which increased its capital by US$ 270 million; Cheng Loong Binh Duong Paper Co., Ltd. in Protrade Industrial Park, which raised its investment by US$ 50 million and Deneast Vietnam Co., Ltd. in Vietnam-Singapore Industrial Park 2-A, which added over US$ 40 million in capital.

Raising development to a new level

In 2025, Binh Duong strives to maintain industry as the province’s core growth driver, targeting an IIP increase of over 10%. To support this goal, provincial Department of Industry and Trade is actively removing obstacles and facilitating all aspects of the investment, production, and business process, helping enterprises recover and expand their operations to stimulate economic growth.

At a recent session, provincial People’s Council approved the task of planning the 1:5,000 scale General Planning for the Vinh Lap Industrial Park in Phu Giao district’s Tam Lap Commune. This marks a significant step in expanding industrial development into new areas. Vinh Lap Industrial Park is planned to cover an area of 750.34 hectares, with an estimated workforce of about 37,000 people. The park is envisioned as a multi-sector industrial hub, prioritizing high-tech, modern and environmentally friendly industries. In the future, it could develop into a green and circular industrial park, aligning with the strategic vision Binh Duong is pursuing.

Previously, Binh Duong had commenced the construction of the 700-hectare Cay Truong Industrial Park and the 380-hectare expansion in the phase 2 of Bau Bang Industrial Park, providing modern and synchronized infrastructure adjacent to the existing park. These IPs are ready to serve large-scale industrial investors. Both parks are designed with a harmonious integration of production and ecological preservation, aiming at attracting high-quality projects, especially green and smart ones.

According to Truong Van Phong, Deputy Head of Binh Duong Industrial Parks Management Board, in the first half of the year, industrial parks in the province attracted US$ 785 million in FDI, up 6.04% compared to the same period in 2025. Thanks to the province’s effective and proactive support, enterprises in these industrial parks have maintained stable production and business activities, adding value to their products and contributing to provincial economic growth. In the first six months of 2025, businesses in these parks disbursed USD 1.34 billion, achieved a revenue of USD 22.5 billion and exported goods worth US$ 12.5 billion. The local industrial parks are now moving towards smart, sustainable and in-depth investment attraction.

Leaders of provincial Department of Industry and Trade stated that in order to boost industrial production in the remaining months of the year, the department will not only continue leveraging opportunities from free trade agreements, but also promoting the restructuring of the industrial sector. This includes increasing the proportion of processing, manufacturing and supporting industries, prioritizing high-tech, electronics, clean energy industries and raising localization rates. Furthermore, the department is actively promoting innovation, digital transformation, high-tech applications and the development of new business models and e-commerce to support industrial enterprises.

 Reported by Ngoc Thanh-Translated by Kim Tin