Increase competitiveness for Vietnamese enterprises
Located in the Southern Key Economic Zone, Binh Duong has many favorable conditions for economic development, especially supporting industry. In the province, there are more and more large projects and enterprises participating in the supporting industry. To prioritize the development and upgrading of the supporting industry, the province has established an industrial park (IP) to attract investment capital in supporting industry located in Bau Bang district. However, Binh Duong also recognizes that the added value of supporting industry products is still low, the efficiency is not commensurate with the scale; the export turnover of foreign-invested enterprises accounts for 80% of the total export turnover in the province, but the linkage with domestic enterprises is still weak, while the linkage between enterprises is not tight, there are bottlenecks in human resources, high logistics costs, causing the operational efficiency of domestic supporting industry enterprises in the area to be limited.
In order to develop sustainable and in-depth industry, Binh Duong has been actively supporting enterprises to develop supporting industries, helping to increase the value of industrial products produced by domestic enterprises. Notably, on June 19, the Provincial People's Committee announced the decision to establish the Binh Duong Supporting Industry Association. The association has 33 Executive Board members representing hundreds of enterprises operating in the supporting industry sector, industrial park investors and production units. The establishment of the association is expected to enhance the competitiveness of enterprises in the context of the current global economic fluctuations.
In the development orientation of the Southern Key Economic Zone, Binh Duong continues to be identified as one of the "industrial capitals" of the country, including in the development roadmap with Ho Chi Minh City and Ba Ria - Vung Tau province. Mr. Bui Minh Tri, Vice Chairman of the Provincial People's Committee, said that in the context of the world economy facing many fluctuations due to the shift of supply chains and new tariff barriers, the development of supporting industries will be the key to help Vietnamese enterprises increase their competitiveness and adapt effectively to the international market.
Increasing investment attraction in supporting industry
Recently, at the groundbreaking ceremony of Ho Chi Minh City Ring Road 4 through the province, the leaders of the Government and Binh Duong province officially presented the decision approving the investment policy of the mechanical engineering industrial park to THADICO Binh Duong (a member of THACO Group). The mechanical engineering industrial park has a total area of 786 hectares, with a total investment of more than VND 75,000 billion. According to the plan, the project will start construction in August 2025 and put into operation in the first phase from September 2026, expected to create jobs for more than 30,000 workers, including a team of highly qualified experts.
According to the representative of THACO Group, the mechanical industrial park in Binh Duong is developed according to the model of a new generation industrial park, modern, green, smart, integrating automation, on a digital platform and applying artificial intelligence (AI), sustainable development and a closed-loop ecosystem. The formation of a mechanical industrial park will contribute to solving the shortage of raw materials, saving time and transportation costs; at the same time, creating opportunities for businesses, forming a new generation industrial ecosystem to attract high-quality international investors, promoting domestic production growth.
According to data from the Binh Duong Industrial Park Management Board, by the end of May 2025, the province's industrial parks had 3,288 valid projects, including 2,592 foreign-invested projects with a total registered investment capital of more than 31.6 billion USD and 696 domestic investment projects with a total registered investment capital of VND 95,230 billion; of which more than half of the investment capital is focused on the supporting industry sector. In the province, there are also more and more projects and large enterprises participating in the supporting industry. The development of the province's supporting industry has gradually formed production links between domestic enterprises and foreign-invested enterprises.
Binh Duong is upgrading existing industrial parks into smart industrial parks to focus on modernizing existing industries, developing supporting industries to increase the localization rate and industrial innovation, creating favorable conditions to promote social resources to participate in the development process. In particular, Binh Duong prioritizes the development of supporting industries, promptly completes the planning of raw material and auxiliary industry zones; continues to create favorable conditions to attract investment, expand production and business of projects in the high-tech field.
Mr. Bui Minh Tri emphasized that to achieve the double-digit growth target in 2025, Binh Duong is resolutely implementing many solutions. In addition, in order to develop sustainable and in-depth industry, Binh Duong has been actively supporting enterprises to develop supporting industries, helping to increase the value of industrial products produced by domestic enterprises. In the coming time, Binh Duong will continue to prioritize the development of industries with high added value, gradually increasing the rate of localization of products..., focusing on developing supporting industries.
Developing supporting industries is an inevitable trend, not only serving the industrial production of Binh Duong and the whole country but also aiming at export, participating in global value chains. Thereby creating momentum for Binh Duong industry to accelerate and develop sustainably in the new period.
| Of the total of more than 42.7 billion USD of foreign investment capital in Binh Duong, up to 75% is invested in the processing and manufacturing industry, however, investment capital in high-tech and supporting industries is still limited. In order to gradually improve the level of industrial production, Binh Duong has been actively developing supporting industries, bringing the province's industry deeper into the global value chain. |
NGOC THANH
Source: https://baobinhduong.vn/mo-loi-cho-cong-nghiep-ho-tro-a349280.html
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