Such figures confirm Binh Duong’s status as an attractive destination for foreign investors, second only to neighbouring Ho Chi Minh City.
According to the provincial investment department, Binh Duong is currently home to 3,780 active foreign-invested projects with total pledges at US$34.33 billion, accounting for 9.48% of total foreign investment in Vietnam.
The province has seen investors from 65 countries and territories with Japan being the largest investor, with US$5.61 billion in over 300 projects.
Foreign-invested projects in Binh Duong are mainly in the manufacturing sector.
According to Binh Duong Chairman Tran Thanh Liem, what makes the province appealing to foreign investors is a conducive investment climate brought about by aggressive policy reforms.
Looking toward the future, the province continues to see foreign investment as an important driver but will give priority to environmentally friendly, high-tech and less labour-intensive projects.