In December 2024, Binh Duong province registered 209 new foreign direct investment (FDI) projects with a total capital of US$1.95 billion, according to data from Vietnam’s Ministry of Planning and Investment. This is an increase of 19.64 percent over 2023 when the province recorded US$1.63 billion in newly registered capital.
Foreign direct investment (FDI) in Binh Duong Province has been a major driver of its rapid economic growth, positioning it as one of Vietnam’s top destinations for industrial and manufacturing investment. Located in the southern key economic region, near Ho Chi Minh City, Binh Duong benefits from its strategic location, modern infrastructure, and well-established industrial zones. The province has attracted significant FDI in sectors such as manufacturing, electronics, furniture, textiles, and real estate.
Binh Duong is home to several large industrial parks, including VSIP (Vietnam-Singapore Industrial Park), My Phuoc, and Bau Bang, which offer state-of-the-art facilities and favourable conditions for foreign investors. Companies from South Korea, Japan, Taiwan, and Singapore dominate FDI inflows, with major global corporations such as Panasonic, Toshiba, and Kumho Asiana operating in the province. Binh Duong is also a hub for export-oriented production, contributing significantly to Vietnam’s trade performance.
The provincial government has implemented investor-friendly policies, streamlined administrative procedures, and focused on improving infrastructure, such as roads and logistics systems, to attract more FDI. With ongoing investments in high-tech industries, smart city initiatives, and green development, Binh Duong is expected to remain a key player in Vietnam’s industrialisation and global supply chain integration.
See also: Doing Business in Binh Duong, Vietnam