In 2023, Binh Duong province emerged as the national leader in investment attraction. The province not only surpassed budget revenue forecasts but also achieved a remarkable trade surplus of US$8.8 billion.
Through 25 years of construction and development, Binh Duong province has formed its own philosophy, becoming a guideline for strategies and goals in the coming years.
In the first nine months of 2022, with the ongoing effort of the entire political system and the joint endeavor and consensus of the people and business community, Binh Duong province continued to achieve positive and inclusive socioeconomic development in all aspects.
From a purely agricultural province in mid-1990s, after 25 years of development, with sustained effort of authorities, people and business community, the gross regional domestic product (GRDP) of Binh Duong province reached VND408,861 billion in 2021, amazingly 104.3 times higher than in 1997, with agriculture expanded by 14.2 times, services by 112.2 times and specially industry by 140.6 times.
In 2022, Binh Duong province has carried out socioeconomic development tasks amid numerous difficulties and challenges: COVID-19 epidemic, complicated and unpredictable world situations, and rising global inflation.
Binh Duong province issued many effective socioeconomic development policies, including the sustainable industrial development strategy. The province is currently among the leaders of industrial production in the country.
Binh Duong province was the second largest recipient of foreign direct investment (FDI) in the country (only after Ho Chi Minh City) with a total registered value of US$39.6 billion, accounting for 9.2% of the country’s gross total.
In 2022, Binh Duong province planned to further improve the business environment and upgrade its rankings of the Provincial Competitiveness Index (PCI).
Referring to Binh Duong province, many people will immediately think of this as a dynamically developing industrial land, one of the localities with high economic growth, attracting many domestic and foreign investors and workers.
From a low starting point with numerous difficulties, Binh Duong Water - Environment Joint Stock Company (BIWASE) has risen to become one of the leading water and environment firms in the nation and contributed positively to socioeconomic development of Binh Duong province.
Vietnamese
October 2024
Hanoi