The "Key" to Binh Duong's double-digit growth

Along with accelerating the completion of key projects, Binh Duong is implementing comprehensive solutions for socio-economic development in 2025. The province focuses on improving the investment environment, supporting the business community and continuing driving industrial production as a growth engine, ensuring stable jobs and incomes for workers.

Well-prepared to welcome high-quality projects

In 2025, Binh Duong will accelerate the development of industrial park (IP) infrastructure following the master plan approved by the Prime Minister. The province further innovates and diversifies its industrial park models, including eco-industrial parks, supporting industries, mechanical engineering zones, IT parks and high-tech industrial clusters, ensuring alignment with the development needs of the province, the Southeastern region and the country. Additionally, Binh Duong is formulating policies to support and encourage the transformation of industrial production facilities in the southern part of the province into trade-services, urban development and high-tech industries in accordance with planning.

For 2025, Binh Duong is determined to promote industrial growth, targeting an increase of over 12% compared to 2024. To achieve this, the province is promoting industrial modernization based on science, technology and innovation while maintaining and enhancing the role of the manufacturing and processing sector as a pillar of its industrial production.

Dr. Tran Du Lich, a member of the National Monetary Policy Advisory Council emphasized that for Binh Duong to reach a higher level of development, decisive actions must be taken. In addition to prioritizing infrastructure, particularly traffic connectivity, the province needs to restructure industries within its industrial parks, enhance value-added production and integrate industrial park planning with urban development. This approach will also serve as a driving force for expanding the local trade and services sector.

Economic experts also stress that along with industrial development, commercial and service sectors must be prioritized to restructure the economy and elevate it to a higher level. Binh Duong should also accelerate the growth of e-commerce, smart logistics and urban services. These are solutions that need to be carried out synchronously, like Binh Duong attracting investment in industrial development

 Sustainable development with investors

At the beginning of 2025, provincial People's Committee approved investment decisions for 23 domestic projects with total registered capital of nearly VND 42 trillion, equivalent to over US$1.7 billion. On February 1, the province also granted investment approvals and certificates to seven foreign-invested projects totaling nearly US$ 1 billion. These are considered as positive signals for the investment inflow into the province in 2025.

Meanwhile, Lego factory in Vietnam-Singapore Industrial Park III by Denmark’s Lego Group, with investment of over US$ 1.3 billion, is expected to commence operations in Q2 2025. Once operational, this project will contribute to Binh Duong’s long-term economic growth. Along with Lego, many high-quality projects are reinforcing Binh Duong’s position as an industrial hub while steering towards modern, green and sustainable industrial production.

Provincial leaders have determined that in order to seize investment opportunities, it is necessary not only to leverage geographical advantages and infrastructure, but also to enhance competitiveness and improve the business investment environment. As a result, the province is streamlining investment procedures and fostering direct engagement between provincial leaders, departments and major investors to understand their needs, swiftly resolve challenges and create a more favorable investment climate for both domestic and foreign enterprises.

Dr. Mai Huu Tin, Chairman of Binh Duong provincial Business Federation also emphasized that in its 2025 socio-economic development plan, Binh Duong should continue administrative reforms, infrastructure development and high-quality workforce training to build an attractive business environment. Given the ongoing challenges faced by businesses, the province’s support, along with that of relevant departments and local authorities, serves as a crucial pillar of stability. This strong collaboration is a key factor in ensuring that Binh Duong achieves its ambitious growth targets for 2025.

Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People’s Committee highlighted the province’s outstanding achievements in attracting investment throughout 2024 and the early months of 2025. The positive development has significantly contributed to the province’s overall economic growth, thereby strengthening Binh Duong’s confidence in a strong surge of both domestic and foreign investment in 2025 and beyond.

Reported by Ngoc Thanh-Translated by Kim Tin