Binh Duong province has successfully attracted multi-billion-dollar projects from major global corporations, demonstrating its strategic approach to foreign investment and enhancing Vietnam’s standing on the international stage. As global supply chains shift, Binh Duong has effectively leveraged this opportunity to draw multinational companies, thanks to its competitive investment climate, modern infrastructure, and highly favorable business environment.

The presence of global giants such as Polytex Far Eastern and LEGO serves as a testament to Binh Duong’s growing reputation as a prime investment destination. The province continues to prioritize high-tech, green, and environmentally friendly projects, aligning its growth strategy with global sustainability trends. It is also focusing on the development of advanced industrial parks such as VSIP and Bau Bang, which have become magnets for strategic investors. Furthermore, Binh Duong regularly hosts international events and economic forums to promote its image as a leading hub for Foreign Direct Investment (FDI) in Vietnam.

The province’s robust industrial growth is evident in the 13.63% increase in its industrial production index (IIP) in October 2024, as well as a 13.25% rise in export turnover, reaching 28.5 billion USD. These figures reflect the province’s strengthening economic position, marking it as one of the most important commercial centers in the country. The province’s leadership is committed to continuously improving the business environment, ensuring transparent and efficient processes for investors.

In line with its development strategy, Binh Duong is attracting significant investments from high-profile companies like Polytex Far Eastern, which has announced plans to expand its operations with a 1.54 billion USD investment. This expansion, which includes an integrated petrochemical and textile plant, highlights the province’s capacity to accommodate large-scale investments that contribute to both local job creation and industrial development.

Similarly, LEGO’s investment of over 1.3 billion USD in a state-of-the-art manufacturing facility at VSIP III in Binh Duong represents the largest investment by the company in Southeast Asia. The plant is designed with sustainability in mind, featuring energy-efficient processes and renewable energy sources, including the installation of 12,400 solar panels. This commitment underscores LEGO’s focus on sustainable production and environmental stewardship.

The continued influx of major global investors affirms Binh Duong’s position as a new industrial hub in Vietnam. With its strategic investment policies, robust infrastructure, and a commitment to sustainable development, Binh Duong is on track to become a leading industrial and economic center in the region, contributing significantly to Vietnam’s long-term growth and competitiveness.

Source: Viet Nam Plus