Bình Dương approves $1.8b for eight major projects
The southern province of Bình Dương has awarded investment registration certificates for eight projects exceeding over US$1.8 billion, mostly in the fields of real estate, industrial production, and logistics.
The southern province of Bình Dương has awarded investment registration certificates for eight projects exceeding over US$1.8 billion, mostly in the fields of real estate, industrial production, and logistics.
The ceremony for the issuance of the investment registration certificates took place during a conference that unveiled the province's development master plan by 2030, which was attended by Prime Minister Phạm Minh Chính.
Bình Dương currently hosts over 4,300 foreign direct investment (FDI) projects valued at more than $41.8 billion, ranking third in Việt Nam (after HCM City and Hà Nội).
In the first nine months of 2024, the province attracted over $1.2 billion in foreign investment.
With a per capita income of VNĐ172.5 million ($7,005) in 2023, Bình Dương has surpassed the national average, establishing itself as one of the top 10 provinces in Việt Nam in terms of economic growth, FDI inflows and urbanisation.
The master plan, approved by the Prime Minister in August, encompasses five cities and four districts under the jurisdiction of Bình Dương Province.
Its aim is to transform Bình Dương into a centrally governed metropolis and a Southeast Asian powerhouse by 2030, taking the lead in innovation, technology, infrastructure and sustainable growth. — VNS
