Binh Duong (VNA) – Binh Duong province, an industrial hub in southern Vietnam, on January 2 awarded investment certificates to more than 20 domestic investment projects totaling up to 1.7 billion USD.
In the field of infrastructure and urban development, QP Township JSC leads with a total investment of 3.8 trillion VND (149.26 million USD). Bac Binh Duong Real Estate JSC follows with a 3.7 trillion VND project, while the Vinh Phu National Housing Organisation Co., Ltd., 3.4 trillion VND.
In the energy sector, the National Power Transmission Corporation is advancing critical projects such as the Ben Cat 2 220kV substation worth over 1.1 trillion VND and the Binh My 220kVsubstation valued at 441 billion VND.
In recent years, domestic investment has often outpaced foreign direct investment (FDI) in Binh Duong, signaling the province’s appeal to local investors.
Addressing the event, Chairman of the provincial People's Committee Vo Van Minh underscored that businesses are the cornerstone of the province’s socioeconomic development. To achieve its ambitious 10% GDP growth target this year, Binh Duong is mobilising diverse investment resources, with domestic enterprises playing a critical role in driving breakthroughs.
The local authorities are committed to building a transparent investment environment and facilitate efficient, sustainable business operations serving the formation of a resilient and competitive business community well-prepared for global integration, the local leader noted.
Chairman of A&T Thuan An Urban Development Investment JSC Dang Hong An said that national development strategies and Binh Duong’s robust infrastructure connectivity have spurred growth opportunities for businesses and the province alike./.
