Binh Duong's economy will continue to achieve success.

This is the general assessment of leaders in various sectors, experts, and businesses regarding the province's economic development in 2025. Opinions suggest that, with the economic achievements of 2024 and thorough preparation in all aspects, Binh Duong will continue to reap many successes this year.

Mr. Trinh Hoang Tuan Anh, Deputy Director of the Department of Planning and Investment: With a transparent and attractive investment environment, in 2024, Binh Duong will still be one of the leading provinces and cities nationwide in attracting foreign direct investment (FDI). To date, Binh Duong has surpassed Hanoi to rank second nationwide in attracting FDI, with over US$42.4 billion. Notably, many investors have injected additional capital, affirming the confidence of FDI enterprises in the province's investment environment.

In 2025, Binh Duong will continue to mobilize all investment resources for development, with attracting FDI remaining a crucial role. According to the Binh Duong Provincial Planning for the period 2021-2030, with a vision to 2050, Binh Duong will become a centrally-governed city by 2030 and one of the most dynamic and comprehensive development centers in Southeast Asia; leading in science and technology and innovation, and a modern industrial and service center. Binh Duong is focusing on building a complete intra-regional and inter-regional transportation system, creating favorable conditions for industrial development and the planning of new urban areas; completing nearly 200km of ring roads and regional expressways. Simultaneously, Binh Duong will form an industrial belt with a scale of over 20,000 hectares… This is predicted to be a driving force for attracting FDI into the province in 2025 and the following years.

Dr. Mai Huu Tin, Chairman of the Binh Duong Provincial Business Federation: In 2025, we should consider all three driving forces: consumption, business investment, and public investment. With recent strong statements from provincial leaders, public investment will continue to be boosted in 2025. Business investment, including FDI enterprises, will be based on market prospects. The US market – the main market for Binh Duong's exports – is currently very unpredictable until President-elect Donald Trump takes office on January 20th and officially announces his policies. Currently, all signals indicate that Vietnam will not be included in the group subject to high tariffs like China, Mexico, and Canada in 2025...

Besides potential advantages, businesses in the province are also facing many challenges, such as pressure on transportation infrastructure, regional connectivity, social welfare, green transformation, and digital transformation… It would be a great pity if we did not take advantage of the opportunities for Vietnamese goods to enter the US market in 2025 compared to Chinese goods.

Binh Duong is focusing on attracting high-tech projects in its new development phase. In the photo: Production activities at URC Vietnam Co., Ltd. (Vietnam-Singapore Industrial Park I). Photo: NGOC THANH

Mr. Vuong Sieu Tin, Vice Chairman of the Binh Duong Ceramics Association: In 2025, we see brighter signs for the export ceramics market. We are striving to learn from domestic and international production experiences, focusing on technological innovation, lowering production costs, and increasing the competitiveness of Binh Duong ceramics. We are actively promoting and supporting businesses in the association to transform their production models towards energy saving, ensuring the greening of the craft village while stabilizing and improving product quality, saving costs, and enhancing competitiveness in the export market.

We hope that businesses in the association will continue to improve their operational processes, applying automation to existing production lines to enhance product quality and reduce risks for operators. Alongside development, the association will also preserve the pottery culture, serving as a tourist attraction.

Ms. Phan Le Diem Trang, Vice President of the Binh Duong Textile and Garment Association: The textile and garment industry has been undergoing significant changes in the context of the global market. By 2025, increasingly fierce competition from countries with lower production costs has posed many challenges for Vietnamese businesses. In addition, the demand for sustainable development and the trend of shifting global supply chains have also created new opportunities for the industry. Businesses in the industry have begun to apply measures such as using renewable energy, efficient wastewater treatment, and using recycled materials. Requirements from international partners regarding ESG (Environmental, Social, and Governance) and LEED (Leadership in Energy and Environmental Design) standards are pushing businesses to adapt quickly. This is an opportunity for domestic textile and garment businesses to enhance their competitiveness, but it is also a challenge as it requires investment capital and technological improvements.

The textile and garment industry is also facing significant challenges regarding labor costs and dependence on imported raw materials. However, with its geographical advantages and ability to adapt quickly to sustainable development trends, the textile and garment industry still has great potential to attract investment and maintain its position in the global market. We believe that quickly adapting to market demands and increasing investment in key areas such as fabric production and digital technology will be key to the sustainable development of Binh Duong's textile and garment industry in the future.

Mr. Nagato Takahiko, President of the Japan Business Association in Binh Duong: Binh Duong is a locality chosen by many Japanese businesses to invest in the industrial sector. Japanese businesses investing in Binh Duong always receive attention from local leaders and are provided with the best conditions for development. The Japanese business community always trusts the province's development and investment attraction policies, and will continue to invest and expand production in Binh Duong.

Currently, the Japan Business Association in Ho Chi Minh City has 1,050 businesses, including more than 160 businesses in the Binh Duong branch. Binh Duong has always been the first destination for Japanese businesses when they first consider investing in Vietnam. With the province's remarkable development, I believe that in the future, more large businesses will shift their investment focus to Binh Duong.

Mr. Ta Van Thanh, General Director of Thai Duong Industrial Paint Co., Ltd. - TaiYang Shoe Branch: In recent times, our company has effectively utilized the free trade agreements that Vietnam has signed and implemented to expand international trade and export markets. We have boosted online sales through various online sales channels, along with many flexible and adaptable solutions. By the end of 2024, our company will have produced and sold more than 5 million pairs of shoes and sandals in the domestic and export markets.

In 2025, with the quality and brand we have built, we are confident that we will receive many new export orders. The company also focuses on the domestic market, concentrating on restructuring production towards green transformation, technological innovation, and seeking new markets, expecting higher growth in 2025.

Mr. Oh Dongkun, General Director of Becamex Tokyu Co., Ltd.: Our company's projects in Binh Duong will accelerate in the coming time. In addition, we are also participating in projects to develop a transportation network connecting with Ho Chi Minh City, and developing urban areas according to the TOD model (Transit-Oriented Development)... The company has continuously researched new transportation systems to minimize environmental impact, such as promoting the transformation of transportation modes in urban bus projects, researching and testing autonomous electric vehicles... The company is also testing a zero-emission circular ecosystem at commercial facilities; we have implemented energy-efficient air conditioning systems in our shopping malls with funding from the Japanese government, creating environmental sustainability.

NGOC THANH - TIEU MY

Source: https://baobinhduong.vn/kinh-te-binh-duong-se-tiep-tiep-gat-hai-thanh-cong-a338958.html