Efforts to promote sustainable business development

Binh Duong always strives to improve the investment environment, accompanying businesses in sustainable development. In the photo: Production activities at Vinamilk Dairy Factory (My Phuoc Industrial Park)

Positive signal

In the first 4 months of 2025, Binh Duong attracted over 60,649 billion VND of domestic investment capital. Accumulated to the end of April 2025, the whole province had 77,605 domestic enterprises with registered capital of over 873,071 billion VND. The majority of domestic projects invested in industrial parks (IPs), mostly producing products in the fields of supporting industries, processing and manufacturing.

With an open and attractive investment environment, Binh Duong is one of the leading provinces and cities in the country in attracting foreign direct investment (FDI). In the first 4 months of 2025, Binh Duong attracted more than 737 million USD in FDI capital, 2.7 times higher than the same period in 2024. To date, the province has attracted 4,488 FDI projects, with a total capital of 42.7 billion USD.

The above results are a positive signal for investment capital flows into the province in 2025. Along with that, the FDI sector continues to invest in new, more modern machinery lines, expand production and business workshops to increase productivity. Mr. Yu Zhi Min, Director of Midea Group, said that Midea has invested in Binh Duong since 2007. In recent years, the group's two factories in Vietnam - Singapore Industrial Park I and My Phuoc Industrial Park III have been operating very effectively and developing strongly; the revenue of the factories in 2024 increased by more than 50% compared to 2023. The Group highly appreciates the strong development of infrastructure and attractive investment attraction policies of Binh Duong. Media will continue to invest in expanding more factories in Binh Duong in the coming time.

According to the provincial leaders, in the context of the unpredictable political and economic situation in the world affecting the socio-economic development of the province, the results achieved in attracting FDI and domestic investment capital show that Binh Duong is still an attractive destination for investors. This also shows the confidence of investors in good business prospects in Binh Duong.

Efforts to accompany

However, according to the assessment, in addition to the achieved results, Binh Duong still has many difficulties, obstacles and shortcomings in the development process, requiring more companionship and efforts from both the government and enterprises. In fact, in the context of many fluctuations in the world and domestic economy, many enterprises have had to reduce capacity or temporarily suspend operations. In the first 4 months of 2025 alone, more than 300 enterprises in the province were dissolved, with a dissolved capital of 1,552 billion VND.

Right from the beginning of the year, in order to continue promoting cooperation activities, attracting investment capital, as well as implementing measures to support enterprises, the Provincial Party Committee, People's Council, and People's Committee organized a conference to meet with industry associations and foreign investment associations in the province. At the conference, Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, said that all levels and sectors will make every effort to accompany enterprises and investors in the development process; at the same time, directing all levels and sectors to resolutely resolve problems related to electricity, investment procedures, and support enterprises to resolve difficulties and problems so that they can feel secure in production and business.

Binh Duong is accelerating the implementation of strategic breakthroughs in institutions, human resources, infrastructure and strongly promoting economic restructuring associated with growth model innovation based on science - technology and innovation. In addition to solutions to support businesses to overcome difficulties, Binh Duong has been promoting the implementation of e-government as a foundation towards digital government to modernize the administration, contributing to strongly improving the investment and business environment, attracting investment, promoting sustainable socio-economic development in the province.

According to the Provincial Industrial Park Management Board, with many positive and effective solutions in accompanying the province's enterprises in the past time, enterprises in general and enterprises operating in industrial parks in Binh Duong in particular have maintained the pace of production and business, creating added value for products, contributing to the overall growth of the province. Mr. Truong Van Phong, Deputy Head of the Provincial Industrial Park Management Board, said that industrial parks in the province are preparing conditions in terms of land, infrastructure, and human resources to welcome more and more quality investment projects. Along with that, industrial parks continue to synchronously deploy solutions to restore and develop the socio-economy, support enterprises, contributing to completing the targets set for 2025.

In the socio-economic development program for 2025, with the highest determination to achieve the double-digit growth target, Binh Duong continues to promote administrative reform, build infrastructure, train high-quality human resources, and create an attractive business environment for investors. The Provincial People's Committee requests departments, branches, and localities to continue to remove difficulties and obstacles, speed up the progress of compensation, site clearance, and construction of works and projects in the province, especially key works and projects, creating momentum for development for the whole period; continue to persevere in the goal of improving and enhancing the quality of the investment and business environment, accompanying enterprises...

In the first 4 months of 2025, the province's industrial production index increased by 7.86%; export turnover is estimated at 11 billion 687 million USD, up 9%; import turnover is estimated at 8 billion 118 million USD, up 11.1% over the same period in 2024. Trade surplus reached over 3.5 billion USD. The province also attracted 60,649 billion VND of domestic investment capital, up 50.9% and 737 million USD of FDI capital, 2.7 times higher than the same period in 2024.

NGOC THANH

Source: https://baobinhduong.vn/no-luc-thuc-day-doanh-nghiep-phat-trien-ben-vung-a347758.html