Binh Duong Province is renowned for its strong industrial development, becoming one of the top destinations for domestic and foreign investors. With the emergence of numerous large industrial zones, it has not only become a manufacturing hub but also a crucial location for attracting investment capital. Alongside BIC, let's explore the top 3 largest industrial zones in Binh Duong through the following article.
In 2023, despite the global economic challenges, Binh Duong Province displayed dynamism and creativity, achieving significant breakthroughs. Among notable achievements, it attracted an impressive amount of investment capital, maintaining its leading position nationwide, while also meeting and exceeding budget revenue targets. This success was recognized through its honor of topping the list of smart communities worldwide and ensuring social welfare systems.
One of the brightest spots in Binh Duong's economic landscape is its ability to attract both domestic and foreign investment capital. Domestic investment reached nearly 81.819 trillion VND, along with over 1.5 billion USD in foreign direct investment (FDI). This has increased the total number of domestic enterprises in Binh Duong to nearly 65,600, with registered capital reaching 712 trillion VND. Additionally, there are 4,211 FDI projects with a total registered capital of over 40.3 billion USD. This not only promotes economic development but also creates employment opportunities and enhances the quality of life for the local community.
Binh Duong maintains its leading position nationwide in attracting investment capital through administrative reform, improving the environment, investing in and enhancing competitive capacity. Thanks to these efforts, Binh Duong is not only known as a leading industrial center but also attracts large enterprises investing in building factories and high-tech agriculture.
Continuing its rapid development pace, Binh Duong has outlined solutions for 2024. This includes early formation of a "new-generation industrial belt along highways connecting regions", developing smart industrial zones, and attracting investment in high technology. These efforts not only enhance Binh Duong's economic position but also promote sustainable development and bring benefits to the community.
My Phuoc 3 Industrial Zone is located in My Phuoc Ward, Ben Cat Town, Binh Duong Province. This project is implemented by the Investment and Industrial Development Corporation - a member limited liability company (Becamex IDC).
My Phuoc 3 Industrial Zone, the phase 3 project of My Phuoc Industrial Zone in Binh Duong, developed by Becamex Corporation since 2006 with an area of up to 2,200 hectares, has significantly contributed to the economic development of the province.
.jpg)
By applying a new construction model, My Phuoc 3 Industrial Zone has created a complex including industrial, commercial, service, urban, and residential areas. This not only enhances the ability to attract investment capital but also provides favorable conditions for businesses to develop and expand their operations.
The strategic location of My Phuoc 3, near important administrative units of Binh Duong and adjacent to National Highway 13, has created a favorable business environment. This facilitates the easy movement of goods for enterprises and access to nearby markets, enhancing commercial opportunities and exports.
The attraction of My Phuoc 3 Industrial Zone has created a diverse economic ecosystem, with the presence of many domestic and foreign enterprises. Leading industries such as electronics, household appliances, motorcycle manufacturing, textiles, food, and cosmetics have invested in this industrial zone, creating stable income and employment for local workers.
VSIP 2 Industrial Zone was established by the Vietnam - Singapore Industrial Park Joint Venture Company in 2006 through investment capital injection. After a long period of formation and development, this industrial zone has gradually consolidated its position in Binh Duong Province and the surrounding area.
The VSIP 2 Industrial Zone project, with a total area of 2,045 hectares, is divided into two development phases: phase 1 (2006) with an area of 345 hectares and phase 2 (2008) with an area of 1,700 hectares.
.jpg)
Currently, VSIP 2 Industrial Zone has utilized 98% of its area, attracting 128 investment projects from more than 22 countries and territories, providing employment for 23,800 workers and a total investment capital of up to 1.3 billion USD.
Investors and businesses in VSIP 2 Industrial Zone mainly operate in industries such as printing equipment, paper, packaging, seeds, electronics, medical equipment, electronic components, and food.
The location of VSIP 2 Industrial Zone is very convenient, located in the center of Binh Duong Province, 39km from Tan Son Nhat International Airport, about 40 km from Ho Chi Minh City center, 47 km from Saigon Port, and 45 km from Thong Nhat Station. This creates favorable conditions for transportation and import-export of goods for enterprises.
Song Than 3 Industrial Zone has been invested in and built since 2006, with a total area of nearly 534 hectares, located in the Binh Duong Industrial - Service - Urban Complex. By integrating living facilities such as housing, schools, kindergartens, hospitals, etc., this industrial zone creates an attractive living environment for the labor community and families.
The strategic location of Song Than 3 Industrial Zone, located in the center of the key economic region in the south, near Ho Chi Minh City and close to the main axis of National Highway 13, has created favorable conditions for transportation. This helps reduce costs and time for enterprises in transportation and international trade.
.jpg)
With the investment of contractors, along with its prime location and completed infrastructure, Song Than 3 Industrial Zone has quickly attracted attention and investment from investors from many countries such as the United States, South Korea, Japan, China, and Singapore.
Businesses and investors here mainly operate in industries such as electronics, telecommunications, mechanics, motorcycle assembly, automobiles, food processing, and cosmetics production, making positive contributions to not only the economic development of Binh Duong but also the whole region.
The above are the top 3 largest industrial zones in Binh Duong, a province famous for its industrial development and investment attraction. This information is compiled by BIC, hoping that this article has provided you with useful information and helped you understand more about the industrial economy and economic infrastructure of Binh Duong. If you have any questions, feel free to ask for further assistance. Thank you for reading the article!
