Binh Duong attracts 2.8 billion USD in FDI this year
The southern industrial hub of Binh Duong is likely to attract 2.8 billion USD of foreign direct investment (FDI) this year, exceeding the target by 1.6 times, according to Chairman of the provincial People’s Committee Vo Van Minh.
A view of the Vietnam-Singapore Industrial Park in Binh Duong. (Photo: VNA)
Binh Duong (VNA) - The southern industrial hub of Binh Duong is likely to attract 2.8 billion USD of foreign direct investment (FDI) this year, exceeding the target by 1.6 times, according to Chairman of the provincial People’s Committee Vo Van Minh.
Minh said that the amount will be poured into 60 new and 20 existing projects.
Total domestically-invested capital in the province this year is estimated at 84.81 trillion VND (3.42 billion USD), up 17.1% year-on-year.
This year, Binh Duong has estimated its gross regional domestic product (GRDP) growth at 8.29%, a rise of 2.79% year-on-year, with the majority coming from the industrial sector.
The locality's index of industrial production is expected to grow 8.9%, higher than the 4.5% recorded last year.
Minh said that the province has seen strong post-pandemic recovery with high growth in FDI attraction. Notably, Danish toy maker Lego Group has invested in a 1.3 billion USD factory in the province.
The provincial leader said that Binh Duong will focus on enhancing the quality of investment projects with priority given to those that use high technology, generate high value and are environmentally friendly.
Currently, Binh Duong is home to 28 industrial parks with more than 4,000 projects worth 40 billion USD.
In 2023, Binh Duong aims to lure at least 1.8 billion USD of FDI./.
The additional 2.7 billion USD poured into Binh Duong in the first 10 months of 2022 has helped the southern industrial hub rank second in Vietnam in terms of foreign direct investment (FDI) attraction.
The “Meet Korea 2022” festival was held in the southern province of Binh Duong on November 11 as part of activities to celebrate the 30th anniversary of diplomatic relations between Vietnam and the Republic of Korea (RoK).
The National Innovative Entrepreneurship Day (Techfest Vietnam 2022) will take place in the southern province of Binh Duong from December 2-4, according to the Ministry of Science and Technology (MoST).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A view of the Vietnam-Singapore Industrial Park in Binh Duong. (Photo: VNA) 
