Taking advantage of strengths and opportunities to attract investment projects effectively, in 2025, Binh Duong will continue promoting external economic activities and investment cooperation while fostering comprehensive and sustainable development in the context of global economic integration.
Expanding cooperation
In addition to achievements in attracting foreign direct investment (FDI) projects, Binh Duong has made significant shifts in its industry structure, notably prioritizing investment in high-tech, auxiliary industries and logistics. These sectors not only align with global trends, but also reduce dependence on labor-intensive industries while increasing production value and competitiveness in the international market.
Further taking advantage of strengths and opportunities to attract investment projects more effectively, Binh Duong has been focusing on studying and adopting development models in high-tech industries, automation, smart factories and advanced manufacturing technologies from developed countries. Regarding investment partners in Asia, Japan, South Korea and China (including Taiwan) remain strategic partners, maintaining a strong presence in the processing, manufacturing and real estate sectors. Notably, Japan and South Korea are not only investing in production, but also expanding into research and development (R&D) projects, contributing to the province’s technological advancement.
International cooperation is a crucial factor in enhancing the province's industrial position, helping Binh Duong become one of the country’s leading industrial hubs in the country. Lee Dong Ki, Chairman of South Korea’s Coex Company stated that Binh Duong is one of the key economic regions in the South, making its strong focus on technology and automation in line with Vietnam's digital transformation policies and industrial modernization strategy.
Creating opportunities to attract high-quality investment projects
Recently, investors from Europe and the United States have been increasing their investment projects in Binh Duong. Notably, Denmark has become one of the province’s largest investors with the US$1.3 billion Lego factory project. The Netherlands and the United States also play a key role in the manufacturing and high-tech industries, bringing advanced technologies and modern management practices to Binh Duong. The diversity of investors not only helps Binh Duong mitigate risks in association with dependence on a limited number of countries, but also expands opportunities for collaboration with partners possessing strong technological and financial capabilities.
2024 marked a significant milestone as Binh Duong signed a Memorandum of Understanding to establish a new friendship and cooperation relationship with the city of Heldeberg (Federal Republic of Germany) and a Letter of Intent with Ha Nam province (China). To date, Binh Duong has established friendly cooperation with 14 foreign localities. Additionally, Binh Duong is an official member and a trusted partner of three international organizations: the Intelligent Community Forum (ICF), the World Trade Centers Association (WTCA) and the Horasis Asia Economic Cooperation Forum (Horasis). Through these initiatives, Binh Duong not only strengthens its image as a safe and attractive investment destination, but also seizes opportunities to learn from the urban development and management experience of developed countries.
Dr. Frank Jurgen Richter, Chairman and Founder of Horasis stated that Binh Duong is increasingly recognized as an ideal destination for major global investors, contributing to the province’s transformation into a smart, modern and sustainable city. According to Dr. Jonathan Choi, Chairman of Sunwah Group (Hong Kong, China), Binh Duong is on track to becoming an internationally competitive industrial city. Binh Duong is also actively promoting the digital economy and green economy. This is why the corporation has signed a memorandum of understanding with Becamex IDC to develop key sectors on high technology, healthcare, education, real estate…
Binh Duong is implementing its provincial planning for the 2021–2030 period, with a vision to 2050. The province will further develop new industrial parks and expand the existing ones while adhering to higher standards in science, technology and environmental protection. Notably, Binh Duong prioritizes industrial development in association with urban and service sectors to meet the increasingly stringent standards of international investors.
Bui Minh Thanh, Vice Chairman of provincial People's Committee stated that the province aims at attracting strategic investment projects, focusing on green, auxiliary industries and renewable energy. In addition to accelerating infrastructure development, drastically improving the investment environment and enhancing workforce quality, Binh Duong will also continuously strengthen international investment promotion, organize business forums connecting businesses to expand cooperation opportunities while driving comprehensive and sustainable development in the context of global economic integration.
In 2025, Binh Duong is shifting its FDI strategy from merely attracting investment to fostering selective investment partnerships. The focus will be on sectors where the province holds comparative advantages, emphasizing high-skill, high-tech industries such as microchip and semiconductor manufacturing, electrical and electronic product assembly, processing and manufacturing industries, finance and banking, real estate... Binh Duong aims at attracting over US$2 billion in FDI in 2025, with a disbursement rate exceeding 70%.
Reported by Ngoc Thanh-Translated by Kim Tin
