Focus on infrastructure development increases investment attraction
In 2024, Binh Duong surpassed Hanoi, ranking second in the country (after Ho Chi Minh City) in attracting foreign investment, with a total registered capital of over 42.3 billion USD. Currently, Binh Duong is concentrating on developing the infrastructure of industrial zones according to the plan, preparing well for the conditions, effectively exploiting opportunities, and proactively welcoming new foreign investment flows.
The advantage of infrastructure set
Located on the Vanh Dai 4 road of Ho Chi Minh city, with a favorable position to connect with Cai Mep - Thi Vai port and Long Thanh international airport, which will be the largest international cargo transit points in the southern region in the near future, Vietnam - Singapore Industrial Park 30 (VSIP 3) is considered an attractive destination for investors and large corporations with high technology and environmentally friendly practices. In fact, although this industrial zone was just inaugurated recently, it has attracted 9 projects with a total investment of 1.75 billion USD.
Under the leadership of the provincial governor, with the viewpoint of leveraging infrastructure to attract investors, immediately after the groundbreaking of the VSIP 3 Industrial Park, the province has begun upgrading and expanding the DT746 road.
The infrastructure of VSIP 3 industrial zone is being accelerated to be completed, attracting high-quality foreign investment projects
This is the vital route leading into this industrial park, connecting the North Tan Uyen - Phu Giao - Bau Bang route and the Belt Road 4 of Ho Chi Minh City to shorten travel time and transport goods to important national traffic hubs such as Long Thanh Airport, Cai Mep - Thi Vai Port…, contributing to ensuring traffic safety, socio-economic development, and attracting investment in Binh Duong in particular and the southern key economic region in general.
Clean land fund well prepared
With the view that transportation infrastructure paves the way for breakthroughs, Binh Duong has been investing in the completion of a traffic system towards synchronization, modernity, and regional connectivity. Specifically, to create motivation for regional development, Binh Duong is actively implementing key projects such as the Ho Chi Minh City Ring Road 3, Ring Road 4 of Ho Chi Minh City passing through the province, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway; expanding National Highway 13; the Ho Chi Minh City - Loc Ninh railway, the Ben Thanh - Suoi Tien Metro - Binh Duong New City; and completing the My Phuoc - Tan Van - Ben Cat - Bau Bang road.
From the beginning of the year until now, the industrial zones in the province have attracted over 1.62 billion USD in foreign investment. As of now, the industrial zones in the province have attracted 2,869 foreign investment projects with a total registered capital of more than 30 billion USD.
According to Mr. Nguyen Trung Tin, Head of the Management Board of the Industrial Parks in the province, the land occupancy rate of the industrial parks in the area has currently reached 93.7%. In the upcoming period, the industrial parks in the province will focus on attracting industries that generate high added value and meet the increasingly stringent standards of international investors. The existing industrial zones and new industrial zones are implementing various solutions to enhance competitiveness in order to attract large corporations and enterprises in high value-added key industries suitable for the current stage of development.
In 2025, Binh Duong will continue to accelerate the establishment and expansion of industrial parks. Notably, the province will expedite the completion of VSIP III Industrial Park, urban-service industrial parks, Cay Truong Industrial Park, and mechanical engineering specialized industrial parks.
Reported by Ngoc Thanh – Thanh Huyen – Translated by Vi Bao
