Binh Duong province continues to be one of Vietnam’s top destinations for foreign direct investment (FDI). As of May 2021, the province ranks third nationwide, following Ho Chi Minh City and Hanoi, with 3,974 FDI projects and a total registered capital of USD 36.5 billion, accounting for around 9% of Vietnam’s total FDI.
Strong FDI Growth in Early 2021
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According to the Binh Duong Department of Planning and Investment, as of May 15, 2021, the province attracted USD 1.25 billion in FDI—159% higher than the same period in 2020.
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27 new projects were granted investment certificates (52% compared to the same period), with a total registered capital of USD 289 million (109% year-on-year).
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13 projects increased their investment capital.
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51 foreign investors registered for capital contributions or share purchases.
Industrial Zones Lead in Investment Attraction
Binh Duong’s industrial parks remain a major draw for investors.
In the first five months of 2021, they attracted USD 1.16 billion in FDI—198% compared to the same period last year, accounting for 92.9% of the province’s total registered capital.
This includes:
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25 new projects,
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8 capital increases, and
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16 capital contributions/share purchases.
Outside industrial parks, investment reached USD 88.7 million (7.1% of total), with 2 new projects, 5 capital increases, and 35 capital contributions/share purchases.
Manufacturing and Real Estate Remain Key Sectors
The manufacturing and processing industry continues to dominate, attracting USD 964 million (77% of total registered capital). The real estate sector follows with USD 229.4 million (18.3%), while wholesale and retail, transportation, and construction also contribute significantly.
Top Foreign Investors
Eighteen countries and territories have invested in Binh Duong.
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Taiwan leads with USD 640.8 million (53.1% of total).
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Singapore ranks second with USD 244.7 million (20.3%).
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Samoa ranks third with USD 101 million (8.4%).
Other key investors include China, Thailand, Hong Kong, the British Virgin Islands, and South Korea.
Favorable Business Environment
Binh Duong has long been recognized for its transparent, investor-friendly policies and strong administrative reforms, creating a fair and open business environment. These efforts continue to attract high-quality investments and contribute to the province’s sustainable economic growth.