Vietnam’s southern Binh Duong Province recently announced a major development plan to construct a new 520-hectare industrial park in Bac Tan Uyen district, aiming to attract more investment and create employment opportunities for local residents.
The Binh Duong Provincial People’s Council has approved the planning scheme for Dat Cuoc Industrial Park, though the specific construction start date has not been announced. According to the plan, the industrial park will attract investment across multiple sectors and is expected to create approximately 26,000 jobs.
As a major industrial park hub in southern Vietnam, Binh Duong Province currently has 29 operational industrial parks with an overall occupancy rate exceeding 90%. According to development plans, the province aims to expand its number of industrial parks to 42, with total planned area reaching 18,600 to 21,000 hectares.
In terms of Foreign Direct Investment (FDI), Binh Duong Province has performed impressively. In the first nine months of 2024, the province attracted USD 1.2 billion in foreign investment. Recently, Binh Duong issued investment certificates for eight projects with total investment exceeding USD 1.8 billion, primarily in real estate, industrial production, and logistics sectors.
As of early this year, Binh Duong Province had accumulated 4,342 FDI projects with total investment approaching USD 42 billion, accounting for 8.5% of the country’s total FDI and ranking third nationally after Ho Chi Minh City and Hanoi.
In 2023, Binh Duong’s per capita income reached 172.5 million dong, significantly higher than the national average. The province ranks among Vietnam’s top ten provinces in economic growth, FDI inflow, and urbanization levels.
According to the recently approved master plan, Binh Duong Province has set an ambitious development blueprint to transform into a central metropolis and Southeast Asian economic hub by 2030.
The planning and construction of this new industrial park demonstrates Binh Duong Province’s firm determination to continue expanding industrial scale, optimizing investment environment, and promoting high-quality economic development.
