In the first six months of 2025, Binh Duong province has reported an impressive growth in its Index of Industrial Production (IIP), estimated at an increase of 10.19% compared to the same period last year. This growth is a testament to the province’s unwavering commitment to implementing comprehensive socio-economic development solutions, supporting the business community, and transforming industrial production into a vital growth driver. These initiatives are fundamental in achieving Binh Duong’s ambitious growth targets for 2025.
Processing and Manufacturing Industries as the Key Growth Driver
Throughout the first half of 2025, Binh Duong has effectively rolled out synchronized measures to support enterprises, promptly addressing challenges in production and business operations. The feedback from industry associations has been instrumental in crafting these supportive interventions. Notably, enterprises have ramped up their production and export activities to counter the impacts of U.S. reciprocal tariff policies, resulting in sustained positive growth in industrial production with the IIP climbing by 10.19% year-on-year.
According to the provincial Department of Finance, Binh Duong attracted a remarkable VND 67,569 billion in domestic investment—an increase of 27%—along with US$ 850 million in foreign investment, which is an astounding 2.3 times higher than the same period in 2024. Presently, the province is home to 78,418 active domestic enterprises with a total registered capital of VND 879,991 billion and 4,512 foreign investment projects with total capital exceeding US$ 42.7 billion.
Foreign investors are increasingly focusing on the processing and manufacturing industries. In the first half of the year, among the 108 newly registered foreign direct investment (FDI) projects, 76 projects were in the processing and manufacturing sector, amounting to over US$ 775.6 million, which represents more than 91% of the total FDI registered in the province. Noteworthy expansions include Kumho Tire Vietnam Co., Ltd. in My Phuoc 2 Industrial Park, which raised its capital by US$ 270 million, Cheng Loong Binh Duong Paper Co., Ltd. with an increase of US$ 50 million, and Deneast Vietnam Co., Ltd., which added over US$ 40 million in capital at Vietnam-Singapore Industrial Park 2-A.
Raising Development to a New Level
For 2025, Binh Duong aims to establish industry as the province’s core growth driver, targeting an IIP increase of over 10%. To facilitate this goal, the provincial Department of Industry and Trade is diligently working to remove obstacles and streamline all aspects of investment, production, and business processes, helping enterprises recover and expand their operations. This is crucial in stimulating broader economic growth.
A recent session by the provincial People’s Council highlighted significant progress with the approval of the 1:5,000 scale General Planning for the Vinh Lap Industrial Park in Phu Giao district’s Tam Lap Commune. This strategic planning reflects a crucial step towards expanding industrial development into new areas. Once completed, the Vinh Lap Industrial Park is envisioned to span 750.34 hectares with a workforce of about 37,000 people. The park will be a multi-sector industrial hub, prioritizing high-tech, modern, and environmentally friendly industries, potentially evolving into a green and circular industrial park.
Binh Duong has already commenced construction of the 700-hectare Cay Truong Industrial Park and the 380-hectare expansion phase at Bau Bang Industrial Park. These new investments are focused on providing state-of-the-art infrastructure integrated with ecological preservation, designed to attract high-quality, renewable projects while ensuring a balance between productivity and environmental sustainability.
According to Truong Van Phong, Deputy Head of Binh Duong Industrial Parks Management Board, the industrial parks in the province attracted US$ 785 million in FDI in the first half of the year, reflecting a 6.04% increase compared to the same period in 2024. The province’s proactive support has enabled enterprises in these industrial parks to maintain stable production and business activities, significantly contributing to provincial economic growth. Businesses operating within these parks disbursed USD 1.34 billion, achieved a remarkable revenue of USD 22.5 billion, and exported goods worth US$ 12.5 billion in just six months.
Looking ahead, leaders of the provincial Department of Industry and Trade have outlined plans to further bolster industrial production in the remaining months of the year. This strategy involves leveraging opportunities from free trade agreements while promoting a restructuring of the industrial sector to enhance the proportion of processing, manufacturing, and supporting industries. A strong emphasis will be placed on high-tech fields, electronics, clean energy industries, and increasing localization rates. Furthermore, there’s an active push towards innovation, digital transformation, high-tech applications, and the development of new business models and e-commerce platforms to support industrial enterprises.
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Binh Duong is committed to achieving double-digit growth in 2025 by enhancing its industrial sector as a key growth engine. This includes plans to develop 1–2 new industrial parks and 3–5 new industrial clusters in line with the sector’s development strategy. The emphasis will be on eco-industrial parks, high-tech industrial zones, and auxiliary industry parks that can form a robust foundation for the next-generation industrial ecosystem, ultimately driving stronger investment attraction. |
Reported by Ngoc Thanh—Translated by Kim Tin