Improve the quality of new investment projects
In the first months of 2025, the Provincial People's Committee has granted investment approval decisions and investment certificates to 7 foreign direct investment (FDI) projects with a capital of nearly 1 billion USD. These are considered positive signals for investment capital to continue to "flow strongly" into the province in 2025.
In particular, besides a number of newly registered projects such as Timotion Vietnam Manufacturing Factory with an investment capital of 29 million USD, the project of Axman Vietnam Co., Ltd. with an investment capital of 24 million USD in the Vietnam - Singapore Industrial Park (VSIP 3), many FDI enterprises also increased their investment capital, such as the project of Cheng Loong Binh Duong Paper Co., Ltd. (Protrade Industrial Park) adjusted to increase capital by 50 million USD, the project of Deneast Vietnam Co., Ltd. (VSIP 2-A Industrial Park) adjusted to increase capital by more than 40 million USD... Notably, in early April, Lego Group (Denmark) officially inaugurated the Lego Manufacturing Vietnam Factory in VSIP 3 Industrial Park. The factory's operation has brought practical benefits to the locality and the whole country. The factory is expected to create more than 4,000 jobs, especially creating opportunities for young workers to access modern skills and participate in the global value chain.
The quality FDI projects that are being started one after another in VSIP 3 Industrial Park once again affirm that the greener, smarter, more sustainable, and more inclusive development orientation of VSIP 3 Industrial Park is gradually being realized. The world's largest jewelry company Pandora (Denmark) is also rushing to build a factory to be put into operation in 2026. This is Pandora's third production facility and also Pandora's first factory built outside Thailand, with a total investment of more than 150 million USD. According to Mr. Alexander Lacik, General Director and Chairman of Pandora Group, the Vietnamese Government in general and Binh Duong province in particular always create many favorable conditions and incentives for Pandora. In addition, Binh Duong province and VSIP 3 Industrial Park have good infrastructure, synchronous and interconnected traffic, creating favorable conditions for Pandora to produce, trade, and export products.
Currently, VSIP 3 Industrial Park’s infrastructure is gradually being completed, making it one of the first industrial parks in the country to announce the concept of smart and sustainable industrial parks; continuing to be an attractive destination for high-tech, modern and environmentally friendly investment capital.
Increase investor attractiveness
With the view of taking infrastructure as an advantage to attract investors, right after starting the construction of VSIP 3 Industrial Park, the Provincial People's Committee upgraded and expanded DT746 road, which is the main road leading to VSIP 3 Industrial Park. According to the provincial leaders, the investment in building this road aims to create favorable conditions for connecting to the Bac Tan Uyen - Phu Giao - Bau Bang dynamic road, Ho Chi Minh City Ring Road 4, shortening travel time, transporting goods to important national traffic hubs such as Long Thanh airport, Thi Vai port, Cai Mep port... contributing to ensuring traffic safety, socio-economic development, attracting investment in Binh Duong province in particular and the Southern Key Economic Zone in general.
Continuing to build and develop infrastructure, gradually forming the first layer in the Innovation Zone Project, Binh Duong province is mobilizing all resources to invest in building a synchronous and modern infrastructure system associated with industrial - service - urban development. In addition, Binh Duong province has been coordinating with ministries, branches and localities to remove difficulties in implementing construction procedures for VSIP 3 Industrial Park, Cay Truong Industrial Park, and expanded Nam Tan Uyen Industrial Park; focusing on investing in a number of industrial clusters in the north of the province and speeding up the progress of key traffic routes to increase the attraction of new FDI projects.
Binh Duong province is also creating all conditions for Truong Hai Group (THACO) to build a supporting mechanical industrial park in the province. The project has a scale of 786 hectares, with a total capital of over 26,000 billion VND (equivalent to 1 billion USD) located in Binh My commune, Tan Lap commune (Bac Tan Uyen district) and Hoi Nghia ward (Tan Uyen city). This is an industrial park specializing in supporting industries to attract more quality FDI projects to the province.
In 2025, focusing on attracting and improving the quality of FDI projects will remain one of the key goals of Binh Duong province. Mr. Bui Minh Tri, Vice Chairman of the Provincial People's Committee, said that in 2025, Binh Duong province will continue to restructure the provincial industrial network, upgrading existing industrial parks into smart industrial parks to focus on modernizing industries. In addition to promoting infrastructure construction, Binh Duong province is determined to improve the investment environment, creating favorable conditions for enterprises in production and business. Aiming for sustainable development, Binh Duong province is prioritizing creating favorable conditions for attracting investment, implementing cooperation in new and potential fields such as digital economy, green and circular economy, innovation, clean energy, etc.
To achieve the double-digit growth target in 2025, Binh Duong province is determined to promote the industrial sector to continue to become the growth engine; continue to prioritize the development of high-tech industries. Many solutions to attract quality FDI projects are being promoted by Binh Duong province in the coming time; in which, it will still focus on creating favorable conditions for investors, promoting advantages such as stable investment environment, favorable location, while enhancing competitiveness by improving the business environment, labor resources, infrastructure, etc.
Binh Duong is the pioneer province in issuing a set of criteria for selecting investors to build technical infrastructure for industrial parks and clusters in the area. Accordingly, the province prioritizes cooperation with visionary investors, strongly applying high technology associated with environmental protection to create harmony between socio-economic development and green growth, contributing to building Binh Duong smart city to reach international standards. |
NGOC THANH
Source: https://baobinhduong.vn/gia-tang-co-hoi-thu-hut-du-an-fdi-chat-luong-a346510.html
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