Attending were Mr. ITO Naoki - Ambassador Extraordinary and Plenipotentiary of Japan to Viet Nam and Mr. Mai Hung Dung - Member of the Standing Committee of the Provincial Party Committee, Standing Vice Chairman of the Provincial People's Committee.

Overview of the ceremony

Midori Park The Glory is a luxury apartment project with an area of 19,000 m2, with a scale of 24 floors, and 992 apartments. The project has a utility center with swimming pool, cloud wifi system in the public work area, tennis court, children's play area, restaurant system, bus station, etc.

​Delegates perform the ribbon-cutting ceremony to inaugurate the Midori Park The Glory project

Midori Park The Glory project with green and airy space

Mr. ITO Naoki - Ambassador Extraordinary and Plenipotentiary of Japan to Viet Nam affirmed that this event marks the beginning of new projects at Midori Park. He expressed his belief that the project will maximize its development potential and become an attractive destination for people to Binh Duong and a symbol of the country's economic development.

Mr. ITO Naoki - Ambassador Extraordinary and Plenipotentiary of Japan to Viet Nam delivers a speech at the ceremony

Speaking at the ceremony, Mr. Mai Hung Dung - Standing Vice Chairman of the Provincial People's Committee assessed that the Midori Park The Glory project and projects in the future of Becamex Tokyu Co., Ltd. will not only bring a high-class living environment to the people, but also plays an important role in the socio-economic development of the province. Besides, it provides modern living space for young families. The Binh Duong provincial government will always accompany and support Japanese businesses in business activities in Binh Duong.

Mr. Mai Hung Dung - Member of the Standing Committee of the Provincial Party Committee and Standing Vice Chairman of the Provincial People's Committee speaks at the ceremony

At the ceremony, Becamex Tokyu Co., Ltd. signed a contract with AEON Viet Nam Co., Ltd., marking the beginning of the implementation of the AEON Supermarket project with an area of about 2,600m2 in the Midori Park area. This is the second AEON Supermarket in Binh Duong New City developed based on the construction idea of the Sora Gardens store.

Becamex Tokyu Co., Ltd. signed with AEON Vietnam Co., Ltd

31/36 Socio-economic development targets have been met or exceeded.

In 2024, Binh Duong has been implementing its socio-economic development plan amidst numerous challenges and difficulties. To fulfill this plan, the Provincial People's Committee has proactively forecasted the situation and strictly adhered to the central government's directives, and the guidelines and resolutions of the Provincial Party Committee and Provincial People's Council. At the same time, the Committee has resolutely deployed tasks and solutions to promote development across all sectors.

Overview the meeting

Mr. Vo Van Minh, Chairman of the PPC, announced that, in 2024, an estimated 31/36 socio-economic, environmental, and smart city targets were met or exceeded, and the remaining indicators close to the plan achieved a higher growth rate compared to 2023.

The Gross Regional Domestic Product (GRDP) increased by 7.48%; GRDP per capita reached 181.2 million VND (the plan was 185.5 million VND).

The economic structure shifted in the right direction, with the proportion of industry and services remaining stable at over 90% of the total economy.

Total retail sales of goods and services are estimated at nearly 352 trillion VND, an increase of 13.3%.

Export turnover reached 34.5 billion USD, up 12.7%; import turnover is estimated at 24.5 billion USD, up 12.2%.

Total social development investment is estimated at nearly 162 trillion VND, an increase of 11%.

As of November 28, 2024, domestic investment attracted 77,131 billion VND, including 7,677 newly registered enterprises with a registered capital of 48,447 billion VND.

This year, the Provincial People's Committee has approved the investment of 32 projects with a total investment capital of approximately 102,309 billion VND.

Foreign direct investment (FDI) is expected to reach over 2 billion USD by the end of 2024 (surpassing the 2024 plan).

Social welfare policies have been well implemented. Specifically, 18,803 health insurance cards have been issued to poor, near-poor, and newly-out-of-poverty households; 45 compassionate houses have been built or repaired with a total budget of 2.7 billion VND; and 36,000 additional jobs have been created (reaching 102.85% of the plan).

The graduation rate of the 2024 High School Graduation Exam reached 99.81%, with an average score of 7.32 points, ranking 4th out of 63 provinces and cities.

Private education continues to develop; the quality of general education and vocational education continues to improve.

Religious and cultural festivals, as well as arts and cultural activities, were organized safely, healthily, economically, and cheerfully.

Besides these achievements, the Chairman of the PPC assessed that Binh Duong still faces some difficulties and shortcomings in completing the targets. Notably, the attraction of investment in certain green industries and high-quality services has been limited. The workforce in high-tech industries, the digital economy, the green economy, artificial intelligence, etc., is still limited. Vocational training has not kept pace with the new demands of labor use and development needs…

Setting targets and tasks for socio-economic development in 2025

Chairman of the People's Committee, Vo Van Minh, emphasized that 2025 is the final year for the implementation of the 5-year Socio-Economic Development Plan (2021-2025), with a focus on organizing Party congresses at all levels, leading up to the 14th National Party Congress. The province will also roll out the Provincial Master Plan and lay a solid foundation to boost economic and social growth in the 2026-2030 period.

​

Mr. Vo Van Minh – Deputy Secretary and Chairman of the PPC speaks at the meeting

Based on the achievements and objectives outlined in the Resolution of the 11th Provincial Party Congress, the People's Committee has set 36 key targets and tasks for 2025.

Specifically, the Gross Regional Domestic Product (GRDP) is expected to grow by over 10%, with per capita GRDP reaching 195 million VND.

Total export and import turnover is increased by 9-10%.

Foreign direct investment is targeted at 1.8 billion USD.

To achieve these socio-economic development targets, the Provincial People's Committee will continue to direct efforts towards boosting investment, consumption, and exports, while restructuring the economy towards a new growth model that enhances competitiveness and sustainable development. Emphasis will be placed on developing the digital economy, green economy, circular economy, and night-time economy.

Industrial development will be closely linked with urban infrastructure and international integration to drive the growth of other economic sectors.

Forming high-quality services based on 4.0 technology and developing high-tech products and services. Restructuring the trade sector towards technology application, digitalization, and innovation; strengthening the connection of global and regional supply chains and ecosystems.

Simultaneously, promoting direct exports of key products and enhancing the quality of market information and forecasting. Diversifying export and import markets.

Restructuring agriculture towards smart, circular, and climate-resilient models.

Binh Duong will continue to implement tasks and solutions to support enterprises and improve the investment and business environment.

In particular, focusing on investing in the transportation infrastructure system to create a breakthrough in regional connectivity, especially investing in road, railway, and waterway transportation systems, overpasses, and interchanges to ensure seamless connection with Ho Chi Minh City and international ports and airports.

Ensuring political security and social order, especially labor security and economic security in the province.​

​

Mr. Vo Van Minh Chairman of the PPC had a meeting and exchange with Mr. Tsugumasa Muraoka, Governor of Yamaguchi Prefecture. At the working session, the two sides exchanged views and reached a consensus on plans to celebrate the 10th anniversary of the establishment of the friendship cooperation relationship between Binh Duong and Yamaguchi Provinces, and at the same time agreed to renew the Memorandum of Understanding (MOU), confirming continued cooperation and mutual support in the socio-economic development of the two localities.

Over the past time, in addition to strengthening cooperation and exchanges between leadership delegations, the two sides have enhanced cooperation in many fields such as investment and trade promotion, student exchange, and cooperation in healthcare and agriculture.

In Yamaguchi Prefecture, Chairman Vo Van Minh met with Mr. Yanai Shungaku, Chairman of the Yamaguchi Prefectural Assembly. The two sides affirmed that the signing of the friendly cooperation agreement between the two local councils and the mutual visits and experience exchanges have contributed positively to the electoral activities between the two localities.

Mr. Vo Van Minh, Chairman of the PPC (Left side) takes a photo with Mr. Tsugumasa Muraoka, Governor of Yamaguchi Prefecture

​The 10th Anniversary Commemoration of the Friendly Cooperation between Binh Duong Province and Yamaguchi Prefecture is scheduled to take place on December 18, 2024, in Binh Duong Province. The event aims to evaluate and summarize the cooperative activities between the two localities and to outline specific cooperation activities for the coming period.​

​

Mr. Vo Van Minh, Chairman of the PPC had a working session with Mr. Yanai Shungaku, Chairman of Yamaguchi Prefectural Council, and other Yamaguchi Prefectural Council delegates.

On December 4th in Tokyo, Mr. Vo Van Minh, Chairman of the PPC, paid a working visit to Mr. Suzuki Keisuke, Minister of Justice of Japan, and Mr. Sasaki Hajime, a Japanese politician.

Mr. Vo Van Minh, Chairman of the PPC took a group phot​o with Mr. Suzuki Keisuke, Minister of Justice of Japan, and Mr. Sasaki Hajime, a Japanese Politician​

The exchange activities and working sessions with the leaders of Yamaguchi Prefecture and the Ministry of Justice of Japan have contributed to promoting a friendly cooperative relationship between the provinces, aiming for the development of diverse and multi-sectoral cooperation. This is a significant step in strengthening the cooperative relationship between Binh Duong Province and Yamaguchi Prefecture ahead of the 10th anniversary of the friendly cooperative relationship between the two localities on December 18, 2024, for the prosperity and development of both localities, thereby contributing to consolidating the comprehensive strategic partnership between Vietnam and Japan.

At the meeting, Mr. Nguyen Van Loc, Chairman of the Provincial People's Council, briefly introduced socio-economic development and investment attraction in the past 11 months.

The overview of the meeting

As of November 15, 2024, the province had 4,372 foreign direct investment projects with a total registered capital of over 42 billion USD. Among them, China ranked first with 1,760 projects and a total investment of nearly 11.2 billion USD.

In 2023, the Intelligent Community Forum honored Bình Dương as the Top 1 community with an exemplary smart city development strategy globally. In 2024, the province's Gross Regional Domestic Product (GRDP) is estimated to increase by 8.01%, and the average GRDP per capita reached 182.6 million VND...

Mr. Nguyen Van Loc - Chairman of the Provincial People's Council (right) welcomes the Head of the Delegation of Vietnamese Representative Agencies Abroad.

The Chairman of the Provincial People's Council expressed his hope that the Ministry of Foreign Affairs and Vietnamese Ambassadors would support Binh Duong in connecting with and becoming an active member of international organizations to learn from experiences, enhance cooperation, and promote international integration, as well as promote the image of Binh Duong and Viet Nam to international friends and partners. At the same time, he asked them to serve as a bridge for Binh Duong to strengthen further its relationship with localities that have signed cooperation agreements.

Mr. Nguyen Van Loc Chairman of the Provincial People's Council presented a souvenir to Mr. Pham Thanh Binh.

Mr. Pham Thanh Binh thanked the Binh Duong provincial leaders for their warm welcome and highly appreciated the province's remarkable economic development, especially in foreign investment cooperation and promotion. He emphasized that Vietnamese Ambassadors abroad would actively introduce and promote the image of Viet Nam in general and Binh Duong province in particular to businesses worldwide, contributing to the socio-economic development of the locality and the country.

The Delegates take a group photo.

The regulations apply to the Department of Labor, War Invalids and Social Affairs, Office of the Provincial People's Committee, Provincial Public Security, Department of Justice, Department of Industry and Trade, Department of Foreign Affairs, Department of Health, Department of Education and Training, Department of Planning and Investment, Department of Information and Communications, Department of Culture, Sports and Tourism, Management Board of Industrial Parks, Provincial Tax Department, Provincial Social Insurance, District People's Committee. Agencies, units, employers, organizations, and individuals involved in the management of foreign workers working in Binh Duong province.

Principle of coordination: Coordination activities between departments, branches, and People's Committees of Districts are carried out according to the principle of compliance with the provisions of law, under the functions, tasks, and powers of each agency. At the same time, enhancing responsibility in handling administrative procedures and issues related to foreign workers.

Departments, branches, and People's Committees of District carry out the management of foreign workers working in the province within the scope of tasks and powers according to the provisions of the law and proactively coordinate with agencies, and relevant units to ensure unity and synchronization in implementing State management of foreign workers coming to reside and work in the province. At the same time, creating favorable conditions for employers, organizations, and individuals that employ foreign workers working in the province, etc.

Content of coordination: Developing plans, programs, and organizing propaganda, training, and guidance for organizations and individuals that employ foreign workers on legal regulations related to foreigners working in the province.

Coordinating in guiding the procedures for granting, re-issuing, extending, and revoking work permits, confirming subjects who are not subject to work permits, temporary residence cards, visas, temporary residence extensions, criminal records, health certificates, and other work contents related to management and employment of foreign workers working in the province.

Contributing opinions when requested by the Department of Labor, War Invalids, and Social Affairs to have a basis for determining the needs, issuance, re-issuance, extension, and revocation of work permits for foreign workers.

Carry out checks and inspections on compliance with legal regulations in the management and employing of foreign workers working in the province, and strictly handle violations of the law according to authority.

Exchanging information about those employing foreign employers and foreign workers to serve the work of issuing, re-issuing, extending, revoking work permits, managing, inspecting, and handling promptly, quickly, and under the law.

Method of coordination: Exchanging opinions directly or sending request letters for coordination; Notifying in writing the results of handling administrative violations related to foreign workers working in the province; Providing documents and reports on the management of foreign workers working in the province. Organizing coordination in interdisciplinary inspection and testing. Organizing regular and extraordinary interdisciplinary meetings, etc.

Decision 

In attendance were Mr. Ono Masuo – Consul General of Japan in Ho Chi Minh City; Mr. Nguyen Loc Ha - Member of the Provincial Standing Committee, Vice Chairman of the Provincial People's Committee (PPC); representatives of the Japanese Business Association of Ho Chi Minh City (JCCH), provincial departments and agencies, and over 80 Japanese enterprises currently investing in Binh Duong.

Attracting Foreign investment achieves positive results

At the meeting, Mr. Trinh Hoang Tuan Anh – Deputy Director of the Planning and Investment Department informed that despite the complex and unpredictable geopolitical tensions affecting many countries worldwide, Binh Duong's socio-economic development in the first 9 months of 2024 has seen a relatively positive recovery. The Industrial Production Index (IIP) is estimated to have increased by 6.31% compared to the same period in 2023 (increased by 4.2% in the same period); export turnover is estimated at 26 billion USD, increased by 15.4% compared to the same period last year; and import turnover is estimated at 18.4 billion USD, increased by 14.5% to the same period last.

With its transparent and attractive investment environment, Binh Duong has always been one of the leading provinces in Viet Nam in attracting foreign direct investment (FDI). Since January 1, 2024, Binh Duong has been attracted over 1.675 billion USD IN FDI, including 179 new projects, 141 projects to increase capital, and 108 projects to contribute capital to buy shares. As of November 15, 2024, the province has 4,372 investment projects with a total registered capital of 42.113 billion USD.

Overview the meeting 

Among the 65 countries and territories investing in Binh Duong, Japan ranks second with 357 projects and a total investment of 5.978 billion USD, accounting for 8% of the projects and 14% of the total capital. The typical projects such as the project of Becamex Tokyu Co., Ltd., which primarily focuses on the construction and development of high-quality urban infrastructure; Wonderful Saigon Electrics Co., Ltd.; and Sun Steel Joint Stock Company, which concentrate on the manufacturing and processing industry. Especially, the Aeon Mall Binh Duong Canary and the Aeon Binh Duong New City, with a total registered capital of over 150 million USD. These two large shopping centers provide a diverse range of shopping, dining, and entertainment services, meeting the needs of local residents and neighboring areas.

Regarding Binh Duong's development orientation and investment attraction, Mr. Trinh Hoang Tuan Anh shared that on August 3, 2024, the Prime Minister signed Decision No. 790/QĐ-TTg approving the Binh Duong Provincial Master Plan for the period of 2021-2030, with a vision to 2050. Accordingly, Binh Duong aims to become a centrally-controlled city by 2030 and be one of the dynamic and comprehensive development centers in Southeast Asia; leading in science, technology, and innovation, and a modern industrial and service center. The province will build a complete intra-regional and inter-regional transportation system, facilitating industrial development and planning new urban areas. Binh Duong will continue to complete nearly 200 kilometers of ring roads and expressways to connect the region. At the same time, the province will form an industrial belt with an area of over 20,000 hectares.

Mr. Trinh Hoang Tuan Anh – Deputy Director of the Planning and Investment Department introduced the socio-economic of Binh Duong Province in the first 9 months of 2024 at the meeting

Focus on addressing the challenges of businesses

At the meeting, the provincial leaders and relevant departments engaged in direct dialogue, attentively listening to The Japanese Business Association of Ho Chi Minh City as they presented their encountered challenges and obstacles, and suggested directions for the province's future development.

According to feedback from representatives of Japanese enterprises, loan sharks have been exploiting the personal information of employees, such as their job positions and titles, to directly contact companies through various channels, thereby disrupting business operations. Some people have even been subjected to threats and harassment via text messages or personal calls.

A representative from the Binh Duong Provincial Police said that the majority of these cases involve borrowing money through mobile applications and social networks. These applications often require borrowers to grant full access to their phone data, enabling the collection of contact lists, messages, and images for debt collection purposes.

The root cause of this issue lies in the financial difficulties faced by a portion of the workforce, preventing them from accessing legitimate loans and forcing them to resort to loan sharks. The prevalence of unidentified SIM cards and anonymous social network accounts further complicates the harassment situation.

Representatives of Japanese businesses express their opinions at the meeting

Since 2022, the Binh Duong Provincial Police have handled 37 complaints related to cyber harassment, but in most cases, the perpetrators could not be identified due to high anonymity. Additionally, 10 individuals involved in both traditional and online loan sharking were arrested. Besides that, in collaboration with the Ho Chi Minh City Police, 43 individuals involved in online loan sharking were apprehended.

Given this situation, the Binh Duong Provincial Police advise citizens against borrowing money through online applications due to high costs and the risk of personal information leakage. Businesses or individuals experiencing harassment can file complaints through the provincial police's direct hotline or the Police Department of Cybersecurity. Moreover, they can report harassing phone numbers to the 156 hotline for the Ministry of Information and Communications to facilitate prompt handling.

A Representative of Binh Duong Provincial Police answer businesses' concerns

The Binh Duong Provincial Police have committed to continuing to collaborate with relevant agencies to tighten telecommunications management, unidentified SIM cards, and combat online harassment. They have also called on businesses and the public to provide data to support investigations and eradicate loan shark organizations.

In addition to loan sharks, Japanese businesses have raised some challenges regarding policies and labor in Binh Duong. Many businesses have reported that despite connecting with employment centers, young workers nowadays tend to work abroad, making recruitment difficult and putting significant pressure on production activities.

Furthermore, the process of issuing work permits for foreign workers is still time-consuming, affecting recruitment plans and the development of international human resources. Businesses expect the Provincial People's Committee to improve the process and provide more effective support.

Regarding infrastructure, businesses have proposed developing highways connecting seaports and airports with Binh Duong, and encouraging the use of public transportation such as buses to address the increasing number of private vehicles.

In response to the issues raised by businesses, representatives from relevant departments and agencies have provided specific information and answers.

A Representative of the Labour, War invalids and Social Affairs Department addressed queries from businesses regarding the issuance of work permits for foreign workers

In response to inquiries regarding work permit issuance for foreign workers, a representative from the Department of Labor, War invalids and Social Affairs stated that since 2022, the Department has implemented various solutions, including increasing staff, applying information technology, revising processing procedures, and issuing numerous guidance documents, to definitively address delays in processing work permit applications for foreign workers. During the process of handling administrative procedures related to foreign workers, if enterprises request expedited consideration and processing of work permit applications, the Department will facilitate, support the review, and process them sooner than the prescribed time if the dossiers comply with legal regulations. Additionally, for any difficulties or obstacles encountered by enterprises, the Department will pay close attention, and provide support, and guidance to ensure enterprises are aware of and comply with the regulations.

In 2024, the situation of delays in processing work permit applications at the Department of Labor, War invalids and Social Affairs has been addressed and ensured to comply with regulations.

Mr. Nguyen Thanh Thuan – Deputy Director of the Transport Department informed the province's expressway projects

Regarding the development of expressways in Binh Duong, Mr. Nguyen Thanh Thuan, Deputy Director of the Department of Transport, informed that the province is currently implementing several expressway projects: Ho Chi Minh City Ring Road 3, Ho Chi Minh City Ring Road 4, and the Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway. These are national key transport projects that are of paramount importance in promoting the socio-economic development of Binh Duong province in particular and the country in general. These projects will create a regional logistics corridor between the Southeast and Southwest regions, connecting seaports and inland ports, strengthening regional connectivity, and creating new development space for the Southern key economic zone.

Mr. Nguyen Loc Ha - Vice Chairman of the PPC speak at the meeting

Speaking at the meeting, the Vice Chairman of the PPC, Mr. Nguyen Loc Ha said that the province highly rates the potential of Japanese investors and hopes that Japanese enterprises will continue to expand their investments in Binh Duong province. The provincial leadership pledges to always accompany and facilitate businesses in their production and business activities in Binh Duong, as the success of businesses is also the success of the province. 

Attending was Mr. Nguyen Loc Ha - Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the PPC along with members of the Provincial People's Committee, leaders of departments and branches. The meeting was delivered online to the People's Committees of districts and cities in the province.

The economy has changed clearly

In 2024, the province's socio-economic situation maintains positive development and achieves positive results in all fields. Economic growth has seen clear changes each month and each quarter, and the economic structure has shifted in the right direction. The proportion of industry and services has remained stable, reaching over 90% of the total scale of the economy.

Trade, service, import, and export activities continue to grow, and the environment to attract domestic and foreign investors has been improved. Social security, employment, and vocational training policies are well implemented. National defense and security work is maintained. The province has synchronously implemented key administrative reform tasks. The online public service portal has been deployed synchronously and connected smoothly to 100% of communes, wards, and towns.

Overview of the meeting

Gross Regional Domestic Product in the province (GRDP) is estimated to increase by 8.01% (planned to increase by 8.0 - 8.5%). GRDP per capita reached 182.6 million VND (planned 185.5 million VND). Economic structure: industry - service - agriculture - product tax minus product subsidies with corresponding proportions of 64.83% - 25.06% - 2.73% - 7.38% (planned 65 .95% - 24.35% - 2.51% - 7.19%).

Industrial production achieved good growth over the same period, and key industries recovered positively and stabilized. The index of industrial production (IIP) is estimated to increase by 7.6% compared to 2023 (planned to increase by over 8.7%). Total retail sales of goods and service revenue are estimated at 352,000 billion VND, an increase of 13.3% (reaching the plan to increase of 13-14%).

Export and import activities maintained a good growth rate over the same period. Export turnover reached 34.5 billion USD, up 12.7% (planned to increase 9-10%). Import turnover reached 24.5 billion US dollars, up 12.2% (planned to increase 9-10%).

Discussing at the meeting, Mr. Nguyen Tran Hieu - Director of Binh Duong Provincial Customs Department said that the fields of export, import, and budget collection up to now have reached nearly 96% of the plan, and from now until the end of the year, they will probably reach nearly 96% of the plan. In which, taxes related to iron and steel production will be increased dramatically, and the recovery of the market will help improve the profit margins of steel manufacturing enterprises. However, the export forecast for 2025 has many potential risks and challenges, and it is difficult to maintain growth like in 2024. Especially in the US, our country's largest export market may be affected by new policies related to tariff barriers. Viet Nam accounts for more than 40% of ASEAN's imported goods into North America, in which 3 key goods of Binh Duong include wood, textile products, and footwear. In 2025, Binh Duong Customs Department will create favorable conditions for import and export businesses; expand types of import and export; create convenient procedures for imported and exported goods via e-commerce and waterways; and preventive measures to strictly control counterfeit import and export goods. Rearranging the Customs Department in the province close to industrial parks to promptly support and guide businesses; enhancing comprehensive digital transformation in State management of customs, etc.

Representatives discuss at the meeting

Total social development investment capital is estimated at 162,000 billion VND, an increase of 11% (reaching the plan to increase 11%). By November 18, 2024, the total value of public investment disbursement is 7,427 billion VND, reaching 35.4% of the plan assigned by the Provincial People's Council (reaching 58.8% of the plan in the same period) and 48.6% of the plan assigned Prime Minister.

Domestic investment has attracted 71,000 billion VND of business registration capital (down 10.5% over the same period). Accumulated until now, the whole province has 72,800 domestic enterprises with a total registration capital of 798,000 billion VND.

Foreign investment has attracted 1.68 billion US dollars (reaching 88% of the plan, up 18% over the same period). Accumulated until now, the whole province has 4,370 foreign-invested projects with a total registration capital of 42.1 billion USD.

Mr. Pham Trong Nhan - Director of the Department of Planning and Investment commented that with the current growth rate, it is expected that by the end of the year, the province will attract 1.8 billion USD, reaching the target to attract foreign investment in 2024. The trend of FDI flows to Asia, ASEAN, and Viet Nam will continue to be maintained in 2025. Currently, capital flows continue to flow to Binh Duong. Thus, FDI will continue to be the province's bright spot in 2025. Binh Duong continues to have many advantages, along with that, if key projects start construction promptly, it will certainly create leverage to promote the socio-economic development of the province.

11 key solutions for socio-economic development in 2025

The Provincial People's Committee identified 36 main targets for 2025. In particular, striving to increase GRDP by 8 - 8.5%; GRDP per capita of 195 million VND; Economic structure: industry - services - agriculture - product taxes minus product subsidies with corresponding proportions (63.81% - 26.34% - 2.66% - 7.19%); The index of industrial production (IIP) increases by over 8.7%; Total export turnover increases by 9 - 10%; Total import turnover increases by 9 - 10%; Total State book revenue in the area is 74,320 billion VND; attracting foreign direct investment capital of 1.8 billion USD, etc.

Binh Duong develops 11 key solutions for socio-economic development in 2025

To achieve the socio-economic goals set for 2025, the Provincial People's Committee develops 11 key solutions. In particular, priority is given to promoting economic growth to ensure the stability of major balances. Continuing to restructure the economy towards improving productivity, quality, efficiency, and competitiveness. Improving the business environment, promoting entrepreneurship, and creativity, and developing the collective and private economy. Enhancing mobilization and effective use of synchronous infrastructure investment resources. Regarding urban planning and development, improving the quality and effective use of human resources is associated with promoting innovation, application, and development of science and technology. Besides, cultural and social development; making progress and social justice, improving people's lives, and harmoniously connecting economic and social development. Proactively responding to climate change, implementing sustainable development goals, strengthening resource management and environmental protection. Improving the effectiveness and efficiency of state management; Administrative reform, prevention of corruption and waste. Consolidating and strengthening national defense and security; maintaining political security, social order, and safety. Effectively deploying foreign affairs and international integration activities.

Specifically, increasing investment, consumption, and export, restructuring the economy towards innovating growth models, and improving competitiveness and sustainable development. It needs to focus on developing the digital economy, green economy, circular economy, and night economy. Creating a favorable environment to attract investment, especially in the field of high technology and potential industries such as semiconductors, innovation, etc. It is necessary to encourage businesses to invest in technology research and development.

Resolving difficulties in mechanisms and policies and promoting completion of key projects. Accelerating the disbursement of public investment capital from the beginning of 2025 and eliminating ineffective projects, prioritizing resources for regional connection projects.

Promoting e-commerce and expanding import-export markets, reducing dependence on traditional markets. Stabilizing prices and supply and demand for goods, preventing origin fraud.

Industrial development is associated with urban infrastructure and international integration to promote other economic sectors. Accelerating the progress of large projects, attracting investment in high technology such as semiconductor chips, clean energy, and artificial intelligence. IIP target in 2025 increases by over 8.7%.

Developing a suitable industrial park network, especially green and ecological industrial parks. Increasing localization in supporting industries and participating in the global value chain. Attracting strategic investors, forming a key economic ecosystem, etc.

Mr. Vo Van Minh – Chairman of the Provincial People Committee concludes the meeting

Speaking to conclude the meeting, Chairman of the Provincial People's Committee Vo Van Minh requested that all levels and sectors focus on exploiting revenue sources and saving regular expenses. Focusing on completing procedures to increase land revenue from industrial zones and clusters. Focusing on increasing the allocation of revenue from public land fund auctions to put into public investment. In addition, it needs to focus on removing difficulties and obstacles and promoting the disbursement rate of public investment in construction and compensation. Striving to complete the public investment target of 100% of the plan assigned by the Prime Minister in 2024 and recalculating capital sources and construction projects prepared for investment in 2025. Strengthening the removal of difficulties and obstacles for businesses and people to promote socio-economic development; Better implementation of social security policies.

At the meeting, Mr. Kim Hyun Ho informed that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tire manufacturing industry. The company invested in building a factory in My Phuoc 3 Industrial Park in 2007, manufacturing passenger car and light truck tires with a total initial investment of 308 million USD.

Overview of the meeting

In 2021, the company continued to expand and supplement its investment with 300 million USD, raising the total investment to 608 million USD and extending the factory scale to 6 hectares, increasing the production capacity to 12.5 million tires per year. The plan to continue expanding the investment for phase 3 in early 2025 will raise the total investment to 908 million USD and the factory's capacity increasing from 12.5 million to 17 million tires per year.

Mr. Vo Van Minh – Deputy Secretary of the Provincial Party Committee, Chairman of the PPC (on the right) welcomed and worked with Mr. Kim Hyun Ho – General Director of Kumho Tire Viet Nam Co., Ltd.

Regarding the implementation building of the expanding investment project for phase 3 of the company, Mr. Kim Hyun Ho requested that provincial leaders consider supporting the handling of some obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant and be operational by early 2026.

Discuss with the company's leadership, Mr. Vo Van Minh – Chairman of the PPC congratulated the company on its effective production and business, continuously expanding its scale, and contributing to the socio-economy development of the province. He requested relevant departments and agencies actively contact, exchange information, and remove difficulties for the company to create conditions to promote the implementation of the project as early as planned.

Delegates take a group photo.

Attending were Mr. Nguyen Van Loi - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Leader of the National Assembly Delegation of Binh Duong province; Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC); Mr. Jesper Hassellund Mikkelsen - Senior Vice President of Asia Operations of LEGO Group, General Director of LEGO Manufacturing Viet Nam, and leaders of provincial departments and branches.

Leaders of Binh Duong province present flowers from the Provincial Party Committee - Provincial People's Council - Provincial People's Committee – Provincial Viet Nam Fatherland Front Committee to congratulate LEGO Manufacturing Viet Nam

Responding to Binh Duong province's policy of calling and attracting investment, LEGO Group chose VSIP III (Binh Duong province) to implement the project. After more than 2 years since the date of the investment certificate (March 18, 2022) and 2 years from the date of the Groundbreaking Ceremony (November 3, 2022), LEGO put the manufacturing factory into trial operation (stage 1 and stage 1A with capacity of 30,000 tons of products/year).

LEGO's toy factory in Binh Duong has a total investment capital of 1 billion 318 million USD and an estimated workforce of more than 3,000 people. Significantly, with a land use area of up to 44.79 hectares, the Company can expand its scale of operations and develop production in the future.

Delegates perform the ceremony to launch the trial operation of the manufacturing chain

This testing phase starts a month-long testing and commissioning process that will ensure that when the operating license is granted before the inauguration in early 2025, the plant can meet strict safety and quality standards like all LEGO factories worldwide. LEGO bricks produced when the factory officially comes into operation will have an accuracy of up to 1/10 the thickness of a human hair.

Up to now, the progress of construction and equipment installation has reached about 90%. The company is ramping up hiring, has doubled its employees in 2024, and will continue hiring in the following years. A human resource training program was also implemented to create conditions for hundreds of employees to participate in many different production stages, including plastic injection, packaging, process optimization, etc.

The factory also aims to be environmentally friendly, being one of LEGO's most sustainable facilities, with more than 12,400 rooftop solar panels with a capacity of 7.34 MWp, enough to provide electricity for about 1,270 households every year.

Mr. Jesper Hassellund Mikkelsen - Senior Vice President of Asia Operations of LEGO Group, General Director of LEGO Manufacturing Viet Nam speaks at the ceremony

Mr. Jesper Hassellund Mikkelsen - Senior Vice President of Asia Operations of LEGO Group, General Director of LEGO Manufacturing Viet Nam shared: "Testing and calibrating plastic injection machines and packaging chains at the factory have marked an important milestone and have shown that the project is being implemented on schedule. This is thanks to the support of ministries, central departments and branches, and Binh Duong province along with the companionship of partners and staff."

Mr. Vo Van Minh – Chairman of the PPC speaks at the ceremony

Speaking at the ceremony, Chairman of Binh Duong PPC Vo Van Minh affirmed that the provincial leaders highly appreciate LEGO's project. This is clear evidence of investors' support for the province's FDI attraction policies. This is also a great motivation for Binh Duong province to accelerate and strengthen the reform of administrative procedures. Developing policies to attract investment in the province to create confidence for investors to feel secure in production in Binh Duong province in particular and Viet Nam in general.

He believed that the LEGO Manufacturing Viet Nam in Binh Duong will always operate effectively and provide the domestic and international markets with high-quality products that fully meet the most rigorous standards of accuracy, and perfection and continue to invest in expanding production in Binh Duong.

As for Binh Duong province, provincial leaders would always accompany, create favorable conditions, promptly resolve difficulties and problems during the Company's operations, and ensure that LEGO Manufacturing Viet Nam would operate effectively.

Binh Duong province's electronic information portal introduces some images at the event:​

The Leader of LEGO Manufacturing Viet Nam introduces to Provincial Party Committee Secretary Nguyen Van Loi the Factory's manufacturing chain

Provincial Party Secretary Nguyen Van Loi affirmed that Binh Duong will continue to improve industrial park infrastructure, and traffic infrastructure, and reform administrative procedures to facilitate business operations

Chairman of the PPC Vo Van Minh considers LEGO's project as a clear demonstration of investors' support for Binh Duong province's FDI attraction policies

Delegates visit the production line at LEGO Manufacturing Viet Nam in Binh Duong

The LEGO factory meets the same strict quality and safety standards as all LEGO factories worldwide

With construction and equipment installation progress reaching about 90%, the Company is promoting recruitment, affirming the LEGO Group's commitment to developing local resources and creating job opportunities

Leaders of the province, departments, and branches commit to always accompanying, creating favorable conditions, and promptly resolving difficulties and obstacles to help businesses operate effectively in Binh Duong

​The meeting handed Decisions of the PPC on the appointment of Mr. Lam Minh Ky - Deputy Director of the Provincial Wastewater Project Management Authority to hold the position of Director of the Provincial Wastewater Project Management Authority; Ms. Vo Thi Thanh Ha - Chief Accountant of the Provincial Wastewater Project Management Authority to hold the position of Deputy Director of the Provincial Wastewater Project Management Authority from November 01, 2024. It also handed the Decisions of the PPC regarding the mobilization of Mr. Ngo Hoang Minh – Director of the Provincial Development Investment Fund to the Department of Finance and his appointment to hold the position of Deputy Director of the Department of Finance from November 1, 2024; the mobilization of Nguyen Ngoc Huan - Deputy Director of the Department of Finance to the Provincial Development Investment Fund and his appointment to hold the position of Director of Provincial Development Investment Fund from November 01, 2024; and the reappointment of Mr. Ngo Quang Su - Director of the Department of Natural Resources and Environment.

Mr. Vo Van Minh (4^th from the left) - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC, and Mrs. Nguyen Minh Thuy (right side) - Head of Binh Duong Provincial Party Committee's Organization Board hand over Decisions on appointment and reappointment and present flowers to officials

At the meeting, there were also the Decision on the early retirement of Mr. Lam Phi Hung - Director of Binh Duong Radio - Television Station since October 1, 2024; the Decisions on the retirement of Colonel Pham Quoc Dung - Deputy Director of the Provincial Public Security and Mr. Ngo Van Mit - Director of the Provincial Statistics Office since November 1, 2024.

Mr. Vo Van Minh (left side) - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC, and Mrs. Nguyen Minh Thuy (right side) - Head of Binh Duong Provincial Party Committee's Organization Board hand over Decisions on the retirement and present flowers to officials

Speaking at the meeting, the Chairman of the PPC Vo Van Minh acknowledged the contributions of the comrades who received the retirement decisions to the development of Binh Duong. He hoped they would continue to support the province in the future. As for the comrades who received the appointment and reappointment decisions, he believed that they would strive to complete their assigned tasks.

Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC speaks at them meeting

This resolution has been approved by the Binh Duong Provincial People's Council, term X, 18th session (thematic), and has taken effect from October 25, 2024.

Accordingly, the planning area of Dat Cuoc Industrial Park is located in Dat Cuoc commune, Bac Tan Uyen district, Binh Duong province with a planning area of 523.22 hectares. The East borders residential land and is about 100m from DH.436 road. The West borders agricultural land and the Tan Loi stream. The South borders agricultural land and residential land, and the North borders rubber land.

The workforce is about 26,000 people.

The development orientation for Dat Cuoc Industrial Park is to focus on a concentrated, multi-sector approach, attracting investment projects that align with the socio-economic development goals of the province.

Before approving the Planning Project, the Provincial People's Committee needs to review current legal regulations and comments from relevant organizations and individuals to complete the Planning Project. It is necessary to ensure that the content of the Planning Project is appropriate for legal regulations on construction. Planning criteria are appropriate for relevant regulations and standards. Planning costs are estimated according to current norms and regulations and approved by competent authorities. At the same time, it needs to organize planning according to regulations and ensure quality and progress.

Resolution No. 36/NQ-HĐND​

In attendance were Ms. Ariadne Feo Labrda - The Consul General of Cuba at Ho Chi Minh City; Mr. Nguyen Loc Ha - Member of the Provincial Standing Party Committee, Vice Chairman of the Provincial People's Committee (PPC), and the leaders of departments, branches, and businesses.

Delegates attend the virtual meeting from Binh Duong

At the meeting, representatives from the two sides exchanged and studied cooperation opportunities in various fields. Binh Duong Province and Artemisa Province have many similarities. However, each locality also has its own potential and strengths, and can be able to support, and complement each other in various fields.

Binh Duong is an industrial province with strengths in the production and export of wood processing, wood furniture, textiles, footwear, and electronics. These industries are which Artemisa is interested in and wishes to promote investment connections. In addition, Artemisa wants to cooperate with Binh Duong in transferring technology in crop cultivation and livestock breeding, developing high-tech agriculture in Artemisa.\

Mr. Pham Van Bong - Director of the Agriculture and Rural Development Department shares about the high-tech agriculture of Binh Duong.

Cuba has strengths and many achievements in the healthcare field. Binh Duong wishes to cooperate with Artemisa in public healthcare, medicine research and manufacturing, medical equipment production, training and fostering medical human resources, etc.

Binh Duong and Artemisa exchange information on cooperation in agriculture and healthcare.

Speaking at the meeting, Mr. Ricardo Concepción Rodriguez - Governor of Artemisa Province said that Artemisa has signed cooperation agreements with Vietnamese partners to implement agricultural projects. Among them is a 2,000-hectare rice cultivation project in Cuba, aiming to develop 20,000 hectares of rice production in the future. Artemisa Province wishes to have the opportunity to cooperate with Binh Duong in agriculture to ensure self-sufficiency in food supply to serve the needs of the people. Artemisa Province will also send expert delegations to Binh Duong to study the province's healthcare development model, thereby providing suggestions and solutions for the development of Binh Duong's health sector.

Mr. Nguyen Hang Thao - Standing Deputy Secretary of the Provincial Party Committee speak at the meeting.

On behalf of the provincial leaders, the Standing Deputy Secretary of the Provincial Party Committee Nguyen Hoang Thao expressed sympathy for the difficulties caused by the recent power outage and the damage caused by the recent great storm in Cuba. He hoped that Artemisa Province in particular and Cuba in general would soon overcome difficulties and stabilize their lives.

He said that since the Provincial Master Plan for the period 2021-2030, with a vision to 2050 had been approved, Binh Duong would have many new steps in the development of transport infrastructure, industrial infrastructure, and other fields. This is a favorable condition for Binh Duong and Artemisa to promote cooperation in various fields in the future, especially in the fields of agriculture and healthcare. He hoped that the two localities would maintain regular communication, and have more working sessions, visits, and surveys to share experiences. Thereby, they would effectively realize the signed contents, contributing to raising the development level of the two localities and bringing a better life to the people.

Mr. Ricardo Concepción Rodriguez - Governor of Artemisa Province provided more information that Cuba has now restored about 60% of its electricity capacity and is working hard to fully restore the power grid as soon as possible. He thanked Binh Duong Province for its financial and food support for Artemisa over the past time. Believing that the results of the exchange at the meeting would create a new foundation for the two localities to go deeper into cooperation in various fields, contributing to strengthening the relationship between Viet Nam and Cuba.

At the meeting, Mr. Hirohisa Fujiwara thanked the Provincial Leaders for their active support for the Group to implement projects in Binh Duong in the past time. In the future, Tokyu Group will continue to invest in housing and urban development in Binh Duong New City. At the same time, it will expand into other fields such as service trade, building rental, urban development associated with transit-oriented development (TOD), etc.

Overview of the meeting

Mr. Hirohisa Fujiwara shared that during this visit, the Delegation also established research and survey teams to expand investment in new fields such as high technology, semiconductor technology, etc. in Binh Duong in the near future.

Mr. Hirohisa Fujiwara hopes to continue receiving attention from the Binh Duong provincial government. Tokyu Group will make efforts to complete projects and implement effective operations, contributing to the implementation of a smarter, more sustainable development orientation of Binh Duong.

Mr. Mai Hung Dung – Standing Vice Chairman of the PPC (on the right) and Mr. Hirohisa Fujiwara - Standing Board of Directors, Director of International Business of Tokyu Group exchange and work at the meeting

Standing Vice Chairman of the PPC Mai Hung Dung said that in the provincial planning, urban development associated with TOD has been clearly shaped. He believes that Tokyu Group's experience and capacity in urban development will bring efficiency in planning and socio-economic development of the province.

The Standing Vice Chairman of the PPC said that Tokyu Group's plan to expand investment fields in Binh Duong is consistent with the province's development orientation. The leaders of Binh Duong province will create favorable conditions for Japanese businesses in general and Tokyu Group in particular to deploy effective projects in Binh Duong in the coming time.

Mr. Mai Hung Dung – Standing Vice Chairman of the PPC (on the right) presents a souvenir to Mr. Hirohisa Fujiwara – Standing Board of Directors, Director of International Business of Tokyu Group

Delegates take a group photo

At the meeting, Mr. William Nathan Franklin thanked the Leader of Binh Duong province for the hospitality. He said that Pacifico Energy has presented in Viet Nam since 2017 with 02 typical projects: the 40 MW Mui Ne Solar Power Plant in Binh Thuan and the 30 MW Sunpro Wind Power Plant in Ben Tre. In the future, the Group plans to invest 15-20 billion USD in renewable energy projects including a 6 GW offshore wind power portfolio.

Overview of the meeting

Mr. William Nathan Franklin wished to learn more about the Binh Duong Provincial Master Plan for the period 2021-2030, with a vision to 2050, especially in the field of renewable energy so that they have a basis for investing in solar power projects in industrial parks of Binh Duong province.

Mr. Mai Hung Dung - Standing Vice Chairman of the PPC welcomes Mr. William Nathan Franklin - Chairman of Pacifico Energy Group, USA

Informing the Delegation, the Standing Vice Chairman of the PPC Mai Hung Dung said the Provincial Master Plan aims for Binh Duong to become a centrally-governed city by 2030, and a center for modern industrial and service development, leading in science – technology and innovation, sustainable development, climate change adaptation, and people's life development.

By 2050, Binh Duong aims to become a modern industrial and service center of international stature, a highly competitive locality in the global value chain, improving people's living standards, and attracting talent and high-quality human resources.

Binh Duong promotes regional cooperation and development, especially in the fields of transportation, science-technology, and development space. It would innovate the development of the ecosystem, towards smart, green urbanization and sustainable development and accelerate the establishment of a centralized information technology park and a 220-hectare high-tech park in New City.

Regarding rooftop solar power systems, as of August 31, 2024, there are 4,007 rooftop solar power systems in the Binh Duong with a total capacity of 770.1 MWp. This includes 3,996 externally purchased systems with a total capacity of 769.7 MWp and 1 internal system with a total capacity of 364.37 kWp.

Mr. Mai Hung Dung - Standing Vice Chairman of the PPC presents a souvenir to Mr. William Nathan Franklin - Chairman of Pacifico Energy Group, USA

The Standing Vice Chairman of the PPC welcomed and trusted Pacifico Energy Group to invest in solar power projects in industrial parks of Binh Duong province. He requested related departments to actively contact and exchange information with corporations to coordinate and support quickly project implementation.

Delegates take a group photo

The meeting was attended by Mr. Nguyen Loc Ha – Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee (PPC), Mr. Nguyen Van Hung – Chairman of the Board of Directors of Becamex IDC Corp., Mr. Colley Hwang – President of DIGITIMES, and leaders of departments, branches, enterprises.

Overview of the meeting

Initially, Mr. Nguyen Loc Ha – Vice Chairman of the PPC informed the outstanding results in the province's socio-economic development and attraction investment. Accordingly, during the last 30 years, Binh Duong has strongly developed its agricultural economy and become the industrial capital of Viet Nam. With the strategic location and a determination to create an open investment environment, Binh Duong has attracted 4.347 investment projects from 65 countries and territories with a total registered capital of up to 42 billion USD, ranking 3^rd in the country (after Ha Noi City and Ho Chi Minh City).

Mr. Nguyen Loc Ha – Vice Chairman of the PPC informed the outstanding results in investment attraction and development orientation of the province

Being not only a destination strongly attracting investment capital, Binh Duong also consecutively leads Viet Nam in developing infrastructure in terms of the Provincial Competitiveness Indicator (PCI). It has been honored as Intelligent Community of the Year – TOP 1 ICF 2023 by ICF, which is clear evidence of the province's continuous efforts in developing infrastructure, building smart cities, applying technology, and improving the business environment. Thanks to these factors, Binh Duong has become an ideal destination for workers across Viet Nam with more than 52% of the population coming from other provinces and cities.

The experts share at the meeting

At the meeting, representatives of DIGITIMES and experts shared about Viet Nam's opportunities and challenges when developing the semiconductor industry, as well as the orientation for the development of the semiconductor industry, and science park. These experiences are associated with the practical orientation of Binh Duong province in the current period when Becamex IDC Corp. plays a pioneering role in promoting the development of a comprehensive industrial ecosystem and attracting high-added valuable investment. With the formation of a centralized information technology park and high-tech park in Binh Duong New City and other science and technology industrial parks with the vision of becoming an innovation center of the key economic region in the South region of Viet Nam Binh Duong promises to become an attractive destination for high-tech businesses.

Mr. Nguyen Van Loi – Secretary of the Provincial Party Committee delivers a speech at the meeting

Speaking at the meeting, Mr. Nguyen Van Loi – Secretary of the Provincial Party Committee said that in the context of the global supply chain undergoing great changes, Viet Nam has a great opportunity to participate more deeply in the semiconductor industry's supply chain. The Government of Viet Nam has issued the Semiconductor Development Strategy until 2030, with the vision to 2050, intending to attract selective FDI investment, forming 100 design enterprises, 01 chip manufacturing factory, and 01 Semiconductor product packaging and testing factory by 2030. Recently, Binh Duong province announced the Provincial Planning for the period 2021-2030, with a vision to 2050 with the goal that Binh Duong will be a Centrally Governed City by 2030. It is one of the dynamic, comprehensive development centers of Southeast Asia and a leader in science-technology, innovation, and the modern service industry center. The semiconductor industry has become the major direction that the province focuses on for the new period. The province is taking steps to build a centralized information technology park and a 220-hectare high-tech park and preparing the infrastructure to welcome high-tech and semiconductor industry investors. At the same time, implementing the Government's orientation to train and retrain 50,000 engineers for high-tech industries, Binh Duong has asked universities to develop human resource training projects, and at the same time, the province also develops local policies to attract high-quality human resources to serve the development requirements of the new period.

The Secretary of the Provincial Party Committee emphasized that the opinions shared by experts at the meeting are valuable experiences for the province to gradually build a foundation to become an important center in the region's semiconductor supply chain. Leaders of Binh Duong province and departments are committed to creating an open investment environment and completing infrastructure connecting to airports and seaports. They would quickly resolve administrative and customs procedures, have policies to support high-tech industry, attract and train high-quality human resources, etc. It is necessary to meet the needs of high-tech industry development.

Mr. Nguyen Van Loi – Secretary of the Provincial Party Committee exchanges with experts in the semiconductor industry