Create confidence for investors

Over the past years, Binh Duong has always been rated as one of the leading localities in the country in attracting FDI. This is an important resource for Binh Duong to have an annual GDP growth rate 2 times higher than the national average growth rate.

In particular, with the policy of attracting investment consistently, over the past 20 years, but always being added, innovated, and creative, Binh Duong has effectively implemented the new generation FDI attraction strategy. In particular, to pay attention to the industries and projects with advanced technology, science and technology content and high added value; Modern governance, spillovers, connects global production and supply chains. At the same time, minimize labor-intensive projects, use a lot of imported materials, consume a lot of energy, resources and cause environmental pollution...

Thanks to the right guidelines, directions, creative and flexible ways, the work of attracting investment in Binh Duong province has obtained quite impressive results. Accordingly, as of February 2020, Binh Duong has more than 48,000 domestic enterprises operating, with a total registered capital of over 450,000 billion VND. Notably, there are 66 countries and territories registered for investment in Binh Duong with nearly 4,000 valid foreign investment (FDI) projects, with a total registered investment capital of nearly 36 billion USD. In particular, more and more transnational corporations and companies with large financial resources and modern technology are coming to invest in Binh Duong. Currently, Binh Duong ranks 3rd in the country, after Ho Chi Minh City and Ha Noi in terms of FDI attraction.

Evaluating the efficiency of FDI attraction, Mr. Nguyen Hoang Thao - Chairman of Binh Duong Provincial People's Committee - affirmed that foreign-invested projects have been and are playing a role as the main driving force to promote development. both economically and socially of the province. In particular, FDI enterprises have participated in and promoted the process of local industrialization and modernization through the transfer and innovation of production technology, contributing to creating a number of key industries of provinces such as manufacturing, wood processing, textiles, footwear, electronics...

Create a breakthrough to attract FDI in a new stage

In 2020, Binh Duong will promote the development of a new development strategy of Binh Duong Innovation Zone, the project is an interdisciplinary, multi-layered solution that is relevant and influences many aspects of life, social life, from urban planning, to building a culture of innovation, developing a balanced economy, digital transformation and Industry 4.0 to human resource development. The content of the project is drawn from practice, through the process of developing and constructing projects at Binh Duong Innovation Zone Center - Binh Duong New City.

Binh Duong New City will be a central point to connect the subdivisions in Binh Duong Innovation Zone, as well as to other provinces in the Southern Key Economic Zone. This is considered a "springboard" to help Binh Duong build an attractive environment for entrepreneurs, technology companies, continue to participate in major economic organizations in the world... upgrade existing production, create new production tools and develop equally on all aspects of social life, gradually increase the proportion of the digital economy.

Entering the year 2021, Binh Duong province government quickly adapted to the Covid-19 pandemic, implementing effective epidemic prevention and control. Businesses quickly transformed through online commercial promotion, digital transformation and technology to attract investment. Even foreign investors, in the epidemic situation, still come to Binh Duong to accept the prescribed medical isolation requirements to learn about and decide to invest in industrial zones of Binh Duong. These are important evidences for the dynamism and creativity of provincial leaders, Becamex IDC Corporation, VSIP and the joint ventures in their efforts to appeal to investors through seminars, events... both online and offline.

More and more transnational corporations and companies with large financial resources and modern technology are coming to invest in Binh Duong

With Binh Duong, for the third time in a row, it has just been named in the list of 21 cities and regions with typical smart city development strategy in the world in 2021 by the World Smart Community Forum. (ICF), affirming the development direction of Binh Duong Commercial City is correct, in accordance with the world trend. This has great significance for Binh Duong to continue making a breakthrough in socio-economic development in the coming time.

According to experts, the fact that Binh Duong was honored by ICF as one of the 21 commercial cities in the world in 2021 will open up opportunities for cooperation to exchange experiences with ICF's network of more than 180 prosperous commercial cities around the world. At the same time, increasing confidence for investors and enterprises, a breakthrough in attracting foreign investment in a new stage. Thereby, creating a foundation for the development of commerce - services, high-tech production in the future.

Currently, Binh Duong is drastically implementing research on logistics, new transportation solutions to create the best conditions for businesses and people. At the same time, continue to cooperate with leading experts and partners in the world and the World Science and Technology Urban Association to develop the Science and Technology Industrial Park ... Thereby, creating new added values for Binh Duong, attracting investors with high added value, new technology instead of labor-intensive and capital-intensive. The project is expected to start in the first quarter of 2021.