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| Binh Duong is the second-highest-ranking province in Vietnam in attracting FDI. (Source: Cafe F) |
Currently, out of the more than $40.3 billion in FDI flowing into Binh Duong, Chinese enterprises contribute 1,666 projects with a total investment of $10.4 billion; accounting for about one-quarter of foreign investment in the province. This capital flow is expected to continue growing in the coming time.
Further information on FDI attraction in the locality: this province ranks second in Vietnam in attracting FDI capital (after Ho Chi Minh City); with 4,219 FDI projects that have been granted valid investment registration certificates. The province accounts for over 8.7% of the total foreign investment nationwide, with an average project size of approximately $9.6 million.
Leading the way is the processing and manufacturing industry, with 3,639 investment projects totaling over $29.7 billion, accounting for 73.8% of the total registered investment capital. Binh Duong has 29 industrial parks with a total planned area of nearly 13,000 hectares, ranking second nationwide.
Projects come from 65 countries and territories, including many large investment projects from world- renowned corporations that have invested in Binh Duong, such as: Tokyu, Aeon, Mitsubishi (Japan), Lego, Pandora (Denmark), Procter & Gamble (USA), Kumho (Korea), Mapletree (Singapore)...
Entering 2024, Binh Duong is still projected to be a top destination for FDI. According to the Provincial People's Committee, the consistent stance of the locality remains that attracting investment must be geared towards sustainable development. Binh Duong is preparing the necessary conditions in terms of infrastructure, logistics, a favorable investment environment, along with a strategy for developing science and technology, digital transformation, and human resource training… to be ready to welcome the new generation of FDI.
According to the 2022 Statistical Yearbook, Binh Duong has a population growth rate of 6.41%, the highest in the country, more than double the 2.74% of Dong Nai province, which ranks second. This province also has the second highest immigration rate in the country, at 26.4%, second only to Bac Ninh, at approximately 39.4%. Although it is an industrial province with the highest population growth rate in the country, Binh Duong's population density is 1,025 people/km2, ranking 7th nationwide after Ho Chi Minh City, Hanoi, Bac Ninh, Hung Yen, Hai Phong, Hai Duong, and Nam Dinh.
People in Binh Duong earn an average of 8.07 million VND per month, the highest in the country, nearly double the national average. This figure is four times higher than the two provinces with the lowest average monthly per capita income in the country, Ha Giang and Dien Bien, which are 2.06 and 2.08 million VND respectively.
Binh Duong is also the only locality with an average income exceeding 8 million VND. Within the province, the high-income group earns an average of 18.3 million VND per month, while the low-income group earns 2.67 million VND, a difference of nearly seven times.
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