Enhancing the competitiveness of Vietnamese businesses.
Located within the Southern Key Economic Zone, Binh Duong has many favorable conditions for economic development, especially in supporting industries. The province is seeing an increasing number of large projects and enterprises participating in the supporting industry sector. To prioritize the development and upgrading of the supporting industry, a priority industrial park for attracting investment in supporting industries has been established in Bau Bang district. However, Binh Duong also recognizes that the added value in supporting industry products remains low, and efficiency is not commensurate with the scale; while foreign-invested enterprises account for 80% of the province's total export turnover, their linkages with domestic enterprises are weak. Furthermore, the linkages between enterprises are not tight, and bottlenecks in human resources and high logistics costs limit the operational efficiency of domestic supporting industry enterprises in the province.
To develop sustainable and in-depth industrial development, Binh Duong has been actively supporting businesses in developing supporting industries, helping to increase the value of industrial products manufactured by domestic enterprises. Notably, on June 19th, the Provincial People's Committee announced the decision to establish the Binh Duong Provincial Supporting Industry Association. The association has 33 members on its Executive Board representing hundreds of businesses operating in the supporting industry sector, industrial park investors, and manufacturing units. The establishment of the association is expected to enhance the competitiveness of businesses in the current volatile global economic context.
In the development orientation of the Southern Key Economic Region, Binh Duong continues to be identified as one of the country's "industrial hubs," including in the roadmap for consolidation with Ho Chi Minh City and Ba Ria - Vung Tau province. Mr. Bui Minh Tri, Vice Chairman of the Provincial People's Committee, stated that in the context of a global economy facing many fluctuations due to shifting supply chains and new tariff barriers, developing supporting industries will be key to helping Vietnamese businesses increase their competitiveness and effectively adapt to the international market.
Increase investment attractiveness in supporting industries.
Recently, at the groundbreaking ceremony for the Ho Chi Minh City Ring Road 4 section passing through Binh Duong province, leaders of the Government and Binh Duong province officially presented the decision approving the investment plan for a specialized mechanical engineering industrial park to THADICO Binh Duong (a member of THACO Group). The specialized mechanical engineering industrial park covers a total area of 786 hectares, with a total investment of over 75,000 billion VND. According to the plan, the project will commence construction in August 2025 and the first phase will be operational from September 2026, expected to create jobs for more than 30,000 workers, including a team of highly skilled experts.
According to a representative of THACO Group, the specialized mechanical engineering industrial park in Binh Duong is being developed according to a new generation industrial park model that is modern, green, smart, integrates automation, is based on digital technology and artificial intelligence (AI), and promotes sustainable development and a closed-loop circular ecosystem. The formation of this specialized mechanical engineering industrial park will contribute to solving the shortage of raw materials, saving time and transportation costs; and simultaneously create opportunities for businesses, forming a new generation industrial ecosystem to attract high-quality international investors and boost domestic production growth.
According to data from the Binh Duong Industrial Parks Management Board, as of the end of May 2025, the province's industrial parks had 3,288 active projects, including 2,592 foreign-invested projects with a total registered investment capital of over US$31.6 billion 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 concentrated in the supporting industries sector. The province is also seeing an increasing number of large projects and enterprises participating in the supporting industries sector. The development of the province's supporting industries has gradually formed production linkages between domestic enterprises and foreign-invested enterprises.
Binh Duong is upgrading existing industrial parks into smart parks to focus on modernizing existing industries, developing supporting industries to increase the localization rate and industrial innovation, and creating favorable conditions to mobilize resources from the entire society to participate in the development process. In particular, Binh Duong prioritizes the development of supporting industries, promptly finalizing the planning for raw material and supporting industry zones; and continues to create favorable conditions to attract investment and expand production and business for high-tech projects.
Mr. Bui Minh Tri emphasized that, in order to achieve double-digit growth in 2025, Binh Duong is resolutely implementing many solutions. In addition, to develop sustainable and in-depth industrial development, Binh Duong has been actively supporting businesses in developing supporting industries, helping to increase the value of industrial products manufactured by domestic enterprises. In the coming time, Binh Duong will continue to prioritize the development of industries with high added value, gradually increasing the localization rate of products, with a focus on developing supporting industries.
Developing supporting industries is an inevitable trend, not only serving industrial production in Binh Duong and the whole country but also aiming for export and participation in global value chains. This will create momentum for Binh Duong's industry to accelerate and develop sustainably in the new phase.
| Of the total foreign investment of over US$42.7 billion in Binh Duong, 75% is invested in the processing and manufacturing industry. However, investment in high-tech and supporting industries remains limited. To gradually improve industrial production levels, Binh Duong has been actively developing supporting industries, integrating the province's industrial sector 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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