The southern province of Binh Duong attracted 3.14 billion USD in foreign direct investment (FDI) last year, second most just after HCM City. (Photo: tuoitre.vn) HCM City and Binh Duong were the leading localities in FDIattraction in 2022 with 3.94 billion USD and 3.14 billion USD, respectively.
According to the Ministry of Planning and Investment's(MPI) Foreign Investment Agency, the southeast region will continue to bethe major FDI magnet of the country in 2023. This year, the country may lureabout 36-38 billion USD in FDI.
Binh Duong has estimated its gross regional domestic product(GRDP) growth rate at 8.01% and GRDP per capital at 170 million VND (7,100 USD),according to the provincial People’s Committee.
Binh Duong's total import and export turnover hit nearly 61.5billion USD, of which, exports reached 35.7 billion USD, up 9% year-on-year,resulting in a trade surplus of 10 billion USD. Total social investment capitalreached over 154.5 trillion VND (6.51 billion USD), up 12.9% year-on-year.
Denmark was the biggest investor of Binh Duong with 1.32 billion USD,followed by the Netherlands with 609 million USD, and China with 258 million USD.
Preben Enef, General Director of LEGO Vietnam Technology Co.Ltd. (Denmark), which is investing 1.3 billion USD in a toy factoryin Binh Duong, appreciated the support from leaders of the province as well asministries for the construction of the project.
The locality’s post-pandemic recovery and development efforts havealso gained applause from the Republic of Korea Chamber of Commerce (KOCHAM)office in Binh Duong and the European Chamber of Commerce (EUROCHAM) in Vietnam.
In recent years, Binh Duong has spent large amount ofmoney to improve road infrastructure to enhance transport connectivitywith HCM City and nearby provinces, develop concentrated industrial zonesand attract workers from provinces and cities around the country.
Early this year, Secretary of the Binh Duong PartyCommittee Nguyen Van Loi directed departments and relevant units tospeed up the construction and upgrade progress of National Highway 13 from sixlanes to eight lanes to improve the connectivity of the province and HCM City.
National Highway 13 not only plays the role of the"backbone" traffic axis of the province's transport system, but isalso an arterial route connecting HCM City to Binh Phuoc and the CentralHighlands provinces.
The province also plans to expand and upgrade the My Phuoc - Tan Vanexpressway and provincial highways No. 743, 747B and 746, which will improvetransport to Dong Nai province and HCM City.
The upgrade of My Phuoc - Tan Van expressway is one of the keyprojects because it connects urban areas and industrial parks, and opens up afreight corridor along the North - South backbone axis parallel to NationalHighway 13.
This will create favourable conditions for access to Cai Mep - ThiVai Port in Ba Ria-Vung Tau province and Long Thanh International Airport inthe future, according to the construction department.
The expansion of major roads such as National Highway 13 and My Phuoc- Tan Van between concentrated industrial zones has eased travel to ports.
The province is always looking to develop transport infrastructureto help ship goods to other provinces and abroad.
It plans to further improve transport connectivity by developingwaterways and, in the future, create a rail link to transport goods to ports inHCM City and Dong Nai province./.
VNA
