Binh Duong – A key growth hub in Southern Vietnam’s economic corridor
• Binh Duong showed exceptional FDI appeal. The province has consistently ranked among the top 10 provinces in terms of foreign direct investment (FDI) attraction. In 2024, registered FDI inflows into Binh Duong reached USD 1.9 billion, securing the 6th position nationwide. As of December 31, 2024, Binh Duong ranked second in total registered FDI (trailing only HCMC) with a cumulative FDI inflow of USD 42.5 billion.• Binh Duong exhibited strong economic and income growth over the past decade. Binh Duong has recorded impressive economic expansion, with its GRDP growth rate consistently outpacing the national GDP growth rate. The province’s per capita GRDP stands at VND 181.2 million (USD 7,190), the highest in Vietnam.
• Key competitive advantages driving success:
o A strategic location with strong connectivity to neighboring provinces, particularly HCMC.
o Advanced industrial and logistics infrastructure.
o Attractive investment policies and a business-friendly environment.
• With these competitive advantages expected to be further leveraged, we believe Binh Duong will sustain its strong economic growth and remain one of the country’s top FDI destinations.
• However, the planned merger of provinces and communes in 2025 could reshape the competitive landscape for Binh Duong’s economic and social development. We are closely monitoring the situation and will provide updates on any significant developments.
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