Binh Duong (VNA) – With export turnover reaching 18.4 billion USD in the first half of the year, an increase of 13.9% year-on-year, the industrial hub of Binh Duong province ⭕has continued to affirm its position as one of Vietnam’s leading economic bright spots.

Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025. The province’s Index of Industrial Production (IIP) rose by 10.19% compared to the same period last year, nearly doubling the previous year’s growth. This reflected a solid recovery in production, particularly in high-value export sectors such as electronics, wood processing, textiles and garments, and technological equipment. Industrial zones (IZs) remain central to Binh Duong’s development strategy. In just the first six months, the province attracted 785 million USD in foreign direct investment (FDI), up 6.04% year-on-year. To date, Binh Duong has lured 4,503 FDI projects from 65 countries and territories, with total registered capital exceeding 42.7 billion USD, underscoring the province’s growing appeal and credibility on the global investment map. Enterprises operating within the IZs alone disbursed 1.34 billion USD in the first half, generating revenue of 22.5 billion USD and contributing over 12.5 billion USD to the province’s total exports.

Pham Van Xo, Chairman of the Binh Duong Export Association, said the province's policies closely follow real needs. Timely resolutions to land, infrastructure, energy, and labour challenges have given companies the confidence to expand operations. Binh Duong is now a national leader in developing next-generation IZs, combining green manufacturing with integrated logistics, to create long-term export advantages. The province is also fast-tracking the development of strategic new IZs such as Cay Truong and expanded Bau Bang IZ, along with a series of synchronised infrastructure projects. These efforts lay the foundation for sustainable growth focused on productivity, quality, and the added value of export goods. In the trade and services sector, total retail sales and service revenue reached over 195.63 trillion VND (over 7.49 billion USD), up 18% year-on-year. This signals a strong recovery in domestic demand, helping to facilitate the circulation of goods, raw materials, and consumer spending within production areas. Notably, the province is exploring the establishment of a Free Trade Zone linked to the development of modern logistics infrastructure. If realised, this initiative could be a major boost to competitiveness - reducing supply chain costs and enhancing the export capacity of local products. Beyond infrastructure and technical conditions, Binh Duong has also intensified efforts in international trade promotion, assisting businesses in accessing new markets amid the global supply chain restructuring in the post-COVID-19 pandemic period. The success of Binh Duong is reflected not only in its impressive export figures but also in its ability to foster a transparent, responsive, and future-ready business environment. This is why an increasing number of major global corporations are choosing the province as a long-term investment destination. No longer just a centre for basic manufacturing, Binh Duong is transforming into a high-tech industrial and technological hub, a convergence point for smart manufacturing, modern logistics, and sustainable value chains. This transformation not only elevates the province’s position within the global supply chain but also makes a vital contribution to the economic development of the Southeastern region and Vietnam as a whole./.