Efforts to promote sustainable business development

To proactively attract major investors, within the 2025 socio-economic development program, Binh Duong has continued accelerating administrative reform, build e-government, improve infrastructure, train high-quality human resources and create an attractive business environment.

Positive signals

In the first four months of 2025, Binh Duong attracted over VND 60.649 trillion in domestic investment capital. As of the end of April 2025, the province had 77,605 domestic enterprises with total registered capital of more than VND 873.071 trillion. Most domestic investment projects were located in industrial parks (IPs), primarily in the fields of auxiliary industries, processing and manufacturing.

Thanks to its open and appealing investment environment, Binh Duong remains one of Vietnam’s leading localities in terms of foreign direct investment (FDI) attraction. In the first four months of 2025 alone, Binh Duong attracted over US$ 737 million in FDI, a 2.7-fold increase compared to the same period in 2024. To date, the province has attracted 4,488 FDI projects with total registered capital of US$42.7 billion.

These results signal a positive outlook for investment inflows into the province in 2025. Additionally, FDI enterprises are continuing to invest in new and modern machinery lines, expand their production and business facilities to increase productivity. Yu Zhi Min, Director of Midea Group shared that Midea has been investing in Binh Duong since 2007. The group’s two factories located in the Vietnam – Singapore Industrial Park I and My Phuoc III IP have operated efficiently and grown robustly. In 2024, revenues from these factories increased by over 50% compared to 2023. The group highly appreciates the province’s strong infrastructure development and attractive investment policies and plans to expand its factories in Binh Duong in the coming time.

According to provincial leaders, in the context of unpredictable global political and economic fluctuations impacting the province’s socio-economic development, the achieved results in FDI and domestic investment attraction demonstrate that Binh Duong remains an attractive destination for investors. This also reflects investors’ confidence in Binh Duong’s promising business prospects.

Ongoing support efforts

However, despite these achievements, Binh Duong still faces various challenges and obstacles in its development process, requiring greater efforts and cooperation from both the authorities and the business community. In fact, due to ongoing global and domestic economic fluctuations, many enterprises have had to reduce operations or temporarily shut down. In the first four months of 2025, more than 300 enterprises in the province dissolved, with total dissolved capital of VND 1.552 trillion.

Right from the beginning of the year, in order to further promote cooperation and attract investment capital as well as implementing support measures for businesses, provincial Party Committee, People's Council and People's Committee held a meeting with industries’ associations and foreign investment associations operating in the province. At the meeting, Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee affirmed that authorities at all levels would make every effort to accompany enterprises and investors during their development journey. He also directed relevant departments to urgently resolve issues related to electricity, investment procedures and provide timely support to help businesses overcome difficulties and operate with peace of mind.

Binh Duong is currently accelerating strategic breakthroughs in institutional reform, human resource development and infrastructure while strongly promoting economic restructuring in association with renewing the growth model based on science, technology and innovation. In addition to solutions to support businesses through challenges, Binh Duong has been actively implementing e-government as a foundation towards building a digital government to modernize the administrative system, significantly improve the investment environment, attract more investment projects and promote sustainable socio-economic development in the province.

According to provincial Industrial Parks’ Management Board, thanks to various proactive and effective measures to support businesses, companies operating in Binh Duong’s IPs have maintained production and business operations, added value to their products and contributed to the province’s overall growth. Truong Van Phong, Deputy Head of provincial IPs Management Board stated that province-based IPs are preparing necessary conditions in terms of land, infrastructure and human resources to welcome more high-quality investment projects. Alongside this, the local IPs are synchronously implementing solutions for economic and social recovery and development, supporting businesses, contributing to the achievement of the 2025 targets.

Within the 2025 socio-economic development program, with the highest determination to achieve double-digit growth, Binh Duong has continued promoting administrative reforms, infrastructure development, high-quality human resource training and the creation of an attractive investment environment. Provincial People's Committee has directed departments and localities to continue removing obstacles, accelerating compensation, site clearance and construction progress of projects across the province, especially key projects to create momentum for long-term development. The province remains steadfast in its goal of improving and enhancing the quality of the investment and business environment and partnering with enterprises in their development journey.

Reported by Ngoc Thanh-Translated by Kim Tin