Work on two major industrial zones to get underway in Binh Duong
The southern province of Binh Duong will start construction of two giant industrial zones of more than 1,000 hectares each this year with an eye on foreign investors.
The Vietnam – Singapore Industrial Park III (VSIP III) will be built on an area of over 1,000 hectares in Binh Duong province. (Photo: baodautu.vn)
BinhDuong (VNS/VNA) – The southern province of Binh Duong will startconstruction of two giant industrial zones of more than 1,000 hectares eachthis year with an eye on foreign investors.
Chairmanof the provincial People's Committee Vo Van Minh said construction ofVietnam – Singapore Industrial Park III (VSIP III) in Bac Tan Uyen districtwould begin this month.
Whenit opens, the province would prioritise high-tech tenants and labour-intensiveindustries such as apparel and footwear, he said.
Inthe second quarter, work would begin on the Cay Truong Industrial Park in Bau Bangdistrict, he added.
BinhDuong also plans to expand Nam Tan Uyen and Rach Bap industrial parks alongwith a number of others to meet the increasing demand from domestic and foreigninvestors.
BinhDuong is one of the fastest growing provinces in the key southern economic zoneand among the hottest investment destinations in the country.
Thesouthern key economic zone, the most vibrant business region in the country, isgrowing at a pace 50 percent faster than the national average.
Justtwo decades ago, Binh Duong was an agricultural area with modestinfrastructure, but is now the third largest FDI destination in the countrybehind only HCM City and Hanoi.
Itis home to more than 3,400 companies from 64 countries and territories andtrades with 200 nations.
Inthe first two months of this year, the province's economy prospered, with theindustrial index increasing by 6.1 per cent, exports increasing by 8.7 percentwith a trade surplus of 2 billion USD and budget revenues reaching 20 percentof the year’s target.
Thisyear, Binh Duong expects economic growth of 8 – 8.3 percent and industrialproduction to rise by 8.9 percent. FDI flows are expected to exceed 1.8 billionUSD./.
Around 81 percent of businesses in the southern province of Binh Duong have resumed their operation after the Lunar New Year (Tet) festival, with the average number of employees back to work reaching 72 percent.
Businesses in the southern industrial hub of Binh Duong are needing 40,000-50,000 labourers, mostly unskilled workers, in order to promote production after the long Lunar New Year (Tet) holidays.
The southern province of Binh Duong is placing great focus on using information technology to improve environment management and environmental monitoring capacity, according to Director of the provincial Department of Natural Resources and Environment Ngo Quang Su.
The southern province of Binh Duong enjoyed a trade surplus of 2 billion USD in the first two months this year, Vo Van Minh, Chairman of the provincial People’s Committee has said.
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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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
The Vietnam – Singapore Industrial Park III (VSIP III) will be built on an area of over 1,000 hectares in Binh Duong province. (Photo: baodautu.vn) 
