Domestic investment capital inflow significantly bounds into Binh Duong
Since the commencement of 2025, the provincial People's Committee has sanctioned investment policies for 23 projects initiated by domestic enterprises, amounting to nearly 42,000 billion VND (approximately 1.7 billion USD). This includes 16 projects within the commercial housing sector, with a total investment capital of 38,453 billion VND.
The commercial housing sector draws investment inflow
Binh Duong continues to uphold its status as one of the foremost regions in the country for attracting investment capital since the onset of 2025. Significantly, domestic investors increasingly regard Binh Duong as an appealing investment destination, as demonstrated by the proportion of domestic investment capital being on par with that of foreign investment capital in the province.
Among the projects that received investment policy approval and investment registration certificates from the provincial People's Committee at the beginning of this year, there are 16 initiatives in the commercial housing sector, many of which involve substantial investment capital. Notable examples include: QP Township Joint Stock Company with the Quang Phuc 4 housing project, boasting a total investment of over VND 3,800 billion; Bac Binh Duong Real Estate Joint Stock Company with the Binh My 3 housing project, totaling more than VND 3,700 billion; Vinh Phu National Housing Organization Company Limited with the investment project for the Vinh Phu Star Garden apartment-commercial-service complex, amounting to over VND 3,400 billion; Tan Viet Phat Real Estate Joint Stock Company, which is investing in an apartment building complex in Di An City with a total capital of VND 3,226 billion; An Phu Real Estate Investment Company Limited with the Ava Plaza apartment building construction project, exceeding VND 2,800 billion; and A&T Thuan An Urban Investment and Development Joint Stock Company with the A&T luxury apartment project along the Saigon River, with a total investment of over VND 2,100 billion.
Furthermore, the provincial People's Committee has issued investment approval decisions for three power projects, amounting to nearly 1,800 billion VND; approved the expansion of the 360-hectare Rach Bap Industrial Park, with total investments exceeding 1,000 billion VND; and sanctioned three projects in the manufacturing sector, with a combined investment of nearly 600 billion VND.
| In addition to attracting foreign investment, Binh Duong places significant emphasis on domestic investment. Provincial leaders recognize that securing both domestic and foreign capital is a holistic and sustainable approach, serving as a catalyst to transform Binh Duong into a centrally-governed city by 2030, as outlined in the provincial Planning for 2021-2030, with a vision extending to 2050. Consequently, policies for domestic investors are executed with the same rigor as those for foreign investors. |
In discussing the rationale behind the decision to invest in Binh Duong, Mr. Dang Hong An, Chairman of the Board of Directors of A&T Thuan An Urban Development and Investment Joint Stock Company, noted that Binh Duong benefits from a well-developed traffic infrastructure. He emphasized that provincial leaders, along with various departments and branches, consistently support and address challenges faced by businesses investing in the region. Furthermore, the provincial Planning for 2021-2030, with a vision extending to 2050, has received approval from the Prime Minister. This serves as a crucial foundation for Binh Duong to continue attracting effective investment in the future, particularly in the sectors of trade, services, and urban development.
Mr. Vo Van Minh, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People's Committee, stated that Binh Duong consistently diversifies its investment resources. Notably, domestic investment capital has seen significant growth, enhancing the vitality of the investment market, diminishing reliance on foreign capital, and fostering new and sustainable development momentum. The increased capital from domestic enterprises engaged in the market is also crucial for unlocking business resources and collaborating with public investment capital to advance urban areas, infrastructure, trade, and services.
Foster developmental momentum
During a recent meeting with businesses from provincial industry associations, foreign investment associations, and enterprises in early 2025, Mr. Vo Van Minh, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People's Committee, announced that since the beginning of the year, the provincial People's Committee has approved investment policies for 23 projects from domestic-invested enterprises, totaling nearly 42,000 billion VND in registered capital. On February 1, 2025, the province further approved investment policies and issued investment certificates for 7 foreign-invested projects, amounting to nearly 1 billion USD. The positive developments in attracting both domestic and foreign investment in infrastructure, urban development, and trade and services will significantly contribute to Binh Duong's goal of evolving into a centrally-run city by 2030, as outlined in the provincial Planning for 2021-2030, with a vision extending to 2050.
Binh Duong is actively promoting various solutions to attract quality investment in the near future. Specifically, the region will continue to support investors and businesses, emphasizing local advantages such as a stable investment environment and a favorable location. Additionally, Binh Duong aims to enhance competitiveness by improving the business environment, labor resources, and infrastructure—key factors that investors consider when deciding to invest in the area.
According to records, businesses in the province are currently striving to fulfill orders and achieve the production and business objectives established for 2025. The prompt support and encouragement from various levels and sectors within the province bolster the confidence of the business community and enhance workers' motivation. This reflects the commitment and determination of the business sector from the outset of the year, with aspirations for numerous new successes.
Chairman of the provincial People's Committee Vo Van Minh stated that Binh Duong aspires to attain double-digit growth by 2025. In light of this new developmental objective, provincial leaders anticipate that the business community will enhance its role and responsibilities in the province's socio-economic advancement.
Reported by Ngoc Thanh - Translated by Vi Bao
