Expectations for new-generation foreign investment

Binh Duong is intensifying efforts to attract high-quality foreign investment projects in the coming period. The province is focusing on infrastructure development, actively improving the investment-business environment and promoting its image to enhance Binh Duong's presence in the international arena.

Enhancing attraction for high-quality projects

Binh Duong has been shifting its focus toward attracting high-quality investment projects in recent years. This shift is evidenced by the increasing number of European investors choosing Binh Duong as their production base. A prime example is the Lego factory in Vietnam-Singapore Industrial Park III, a large-scale project by the Danish Lego Group with total investment exceeding US$1.3 billion. According to provincial leaders, Lego’s green project is expected to mark a new chapter in Binh Duong's foreign direct investment (FDI) attraction, paving the way for a greener and higher-quality wave of European investment projects into the province.

Following Lego, Danish Pandora Group has invested in a jewelry manufacturing facility at Vietnam-Singapore Industrial Park III, with total investment of approximately US$160 million. This project is expected to use 100% renewable energy, create over 6,000 jobs and meet Leed Gold standards for green buildings. Meanwhile, South Korea’s Sep Group has invested over US$200 million to develop the province's first carbon-neutral (Net Zero) industrial compound. Recently, major corporations such as Daewoo E&C (South Korea), Manwah (Hong Kong, China), Tokyu, IHI (Japan)… have also expressed interest in investing in Binh Duong's traffic infrastructure, high technology and green industries. These projects highlight Binh Duong’s growing appeal as a hub for sustainable and high-tech investment.

Konosuke Yoshii, Business Development Director of IHI Corporation stated that IHI is particularly impressed with Binh Duong's 2021-2030 Development Plan with a vision toward 2050. The plan features well-structured analyses and strategies to transform Binh Duong into a leading hub for industry, services, science, technology and innovation in Southeast Asia. IHI Corporation aspires to participate in Binh Duong's dynamic development, with a focus on traffic infrastructure and high-tech sectors.

In the high-tech sector, Binh Duong has not only attracted new projects, but also actively encouraged existing investors to increase their capital to expand production and upgrade technology. This approach has transformed the province into a dynamic destination for manufacture, research and development (R&D) projects, significantly enhancing its technological capacity. IHI Corporation, impressed by Binh Duong’s comprehensive 2021-2030 Master Plan with a vision toward 2050, emphasized its intention to participate in the province’s growth, particularly in transportation infrastructure and high technology. Such initiatives align with Binh Duong’s strategic goal to become a leading hub for industry, services, science, technology and innovation in Southeast Asia. Moreover, the participation of European and North American investors has added further momentum to Binh Duong's development. Along with that, there is the participation of investors from Europe and North America, shown through outstanding projects from Denmark, the Netherlands and the United States. These investors play an important role in the manufacturing and high-tech industries, bringing advanced technologies and modern management methods.

Proactively embracing green projects

The robust development of the industrial sector has positioned Binh Duong as the second-leading province in Vietnam for attracting FDI, only after Ho Chi Minh city. The province is striving to stimulate high-quality investment from major global markets. In the early days of 2025, provincial delegation, led by Mai Hung Dung, Member of provincial Party Standing Committee and Permanent Vice Chairman of provincial People’s Committee, visited and worked in China while promoting high-tech investment into the province.

According to provincial leaders, in 2025, Binh Duong will further promote external economic activities, strengthen investment cooperation and consolidate partnerships with local and international entities. The province will give priority to learning and adopting development models for high-tech industries, automation, smart factories and advanced manufacturing technologies from developed countries. Binh Duong is accelerating efforts to achieve the objectives set for the 2020-2025 tenure by provincial Party Committee, focusing on rapid and sustainable economic development through the strong application of science, technology, innovation and increased labor productivity. The province is implementing its 2021-2030 Master Plan with a vision toward 2050, aiming for economic development in harmony with environmental protection, prioritizing social welfare, improving growth quality, rapidly developing high-value-added industries, fostering digital, circular, shared  and green economies.

Binh Duong has designated approximately 20,000 hectares of industrial land to establish a new-generation industrial belt along key infrastructure corridors, including belt roads 3, 4 of Ho Chi Minh city, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway, the Ho Chi Minh highway passing through Binh Duong and the expansion of National Highway 13. They are set to create new momentum and opportunities for Binh Duong's growth, attracting significant investment in the coming years.

Mr. Dung emphasized that alongside robust infrastructure development, Binh Duong is making determined efforts to improve the investment environment, enhance workforce quality and facilitate business operations to attract high-quality FDI inflows. The province is also preparing conditions to meet investors’ demands, maximizing opportunities from the Fourth Industrial Revolution to proactively capture high-value investment inflows.

In 2024, Binh Duong organized numerous delegations to promote and call investment in new markets across Asia, Europe and America. These missions achieved significant results in foreign relations, strengthening cooperative and friendly ties with local and international partners while promoting investment opportunities. They also showcased Binh Duong as a dynamic, friendly and affectionate destination, appealing to investors.

In 2025, Binh Duong will continue innovating its investment promotion efforts, expanding bilateral and multilateral cooperation in various fields. The province will give priority to attracting in-depth FDI projects in association with sustainable development goals, focusing on urban infrastructure development, building smart cities and fostering auxiliary industries with modern, environmentally friendly technologies.

Reported by Ngoc Thanh-Translated by Kim Tin