Business

Nearly 5,800 new enterprises established in Binh Duong in 10 months

A total of 5,766 new enterprises were established in the southern province of Binh Duong in the first 10 months of this year with a total registered capital of 43,155 billion VND, an increase of 3.6% in number and 21.9% in capital compared to the same period last year.
Nearly 5,800 new enterprises established in Binh Duong in 10 months ảnh 1Illustrative photo (Photo: VNA)

Binh Duong (VNA) – A total of5,766 new enterprises were established in the southern province of Binh Duongin the first 10 months of this year with a total registered capital of 43,155billion VND, an increase of 3.6% in number and 21.9% in capital compared to thesame period last year.

According to the province’s Department ofPlanning and Investment, in the period under review, the total domestic investment capital in the province increased to nearly75.77 trillion VND (3.2 billion USD).

So far, there have been 64,975 domesticenterprises registering to operate in Binh Duong with a total registeredcapital of 706,335 billion VND.

Chairman of the provincial People's CommitteeVo Van Minh said that increased domestic investment capital contributes toimproving the province’s resilience and shows dynamism and highadaptability of the business to market challenges.

Over the past time, the province has alwayscommitted to continuing to create an attractive and open investment environment for businesses.

According to the Binh DuongImport-Export Association, the increase in domestic investment isa good sign for the economy of Binh Duong in particular and of the country ingeneral.

The province is striving for an exportturnover of 31.8 billion USD and an import turnover of 23.1 billion USD thisyear, down 7.3% and 7% respectively compared to those in 2022./.

VNA
#VietnamPlus #Vietnam News Agency #Binh Duong #new enterprises #domestic investment #import #export Binh Duong
Follow VietnamPlus

Related News

Binh Duong: Orders come pouring to wood manufacturers

Binh Duong: Orders come pouring to wood manufacturers

The wood industry in the southern province of Binh Duong is experiencing a positive recovery, with many firms reporting an increase in orders and employment, as a result of the furniture export recovery, proactive technology innovation and marketing strategies.
Binh Duong to host high-level forum on green growth in 2024

Binh Duong to host high-level forum on green growth in 2024

A high-level forum on green growth is expected to be held in the southern province of Binh Duong next year as its organisation plan was discussed at a meeting between the European Chamber of Commerce in Vietnam (Eurocham) and local leaders on November 20.

See more

The Vietnam–Cambodia business connectivity conference held in Ho Chi Minh City on July 15 aims at boosting trade and investment between the two economies. (Photo: VNA)

Conference seeks ways to promote Vietnam – Cambodia trade

The value of trade between Vietnam and Cambodia reached 6.2 billion USD in the first six months of 2025, a year-on-year increase of 16.8%. Vietnam's exports to Cambodia totaled 2.7 billion USD, up 4.6% from the same period last year.

A Korea-invested company in Hue city, Vietnam (Photo: VNA)

Foreign investors show strong confidence in Vietnam’s long-term investment potential

While concerns over tariffs are real and may lead some foreign investors to take a more cautious approach in disbursing capital, especially for large-scale and long-term projects, Vietnam still holds significant advantages in attracting FDI thanks to a favourable business environment and, most importantly, the Government’s strong commitment to supporting investors.

Deputy Minister Nguyen Hoang Long, Minister of State Douglas Alexander, and representatives from ministries and the embassies of both countries pose for a group photo at the 14th JETCO meeting. (Photo: VNA)

Vietnam, UK boost economic, trade ties

Over the past decade, trade and investment relations between Vietnam and the UK have made remarkable strides. On trade, the two countries have implemented the UKVFTA for more than four years, and most recently, the UK’s accession as the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further strengthened bilateral cooperation.

Workers assemble parts on an automotive production line in HCM City. The city’s industrial sector is showing strong signs of recovery. (Photo: moit.gov.vn)

HCM City sees strong recovery in industrial production

HCM City's 23 industries – including printing and media reproduction, furniture manufacturing, non-metallic mineral products, motor vehicles, electrical equipment, clothing and electronic and optical products – reported higher output in the first half of 2025.

Workers pack cashew nuts at Duc Thinh production and trading co., ltd., former Binh Phuoc province (Photo: VNA)

Vietnam targets 4.5 billion USD in cashew exports for 2025

Figures from the first six months show cashew exports reached 346,800 tonnes, earning 2.36 billion USD, a drop of 2.7% in volume but a surge of 20.4% in value annually. The rise was largely attributed to a significant increase in export prices, which helped offset lower shipment volumes.

The Hai Phong City Convention and Performance Centre is one of the venues for ABAC III. (Photo: VNA)

Hai Phong expects strong wave of investment from APEC member economies

Hai Phong will present investment registration certificates for 32 projects and sign seven Memoranda of Understanding, with total committed capital exceeding 15.6 billion USD. These projects include investments from Europe and the US, reflecting the growing interest of global investors in the city's business environment and development potential.

The ongoing administrative reforms are expected to expand the real estate sector's appeal to investors. (Photo: VNA)

Institutional reforms open new investment frontier for realty sector

Assessing the impact of the new model, Director at Savills Vietnam’s Advisory Services Do Thi Thu Giang said that the deeper decentralisation of authority to local administrations will help reduce processing time for construction permits and project approvals, thereby reducing opportunity costs and increasing investment efficiency.

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva and representatives of St. Gallen Endowment. (Photo: VNA)

Vietnam boosts cooperation with St. Gallen Endowment of Switzerland

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva, has recently held a working session with representatives of the St. Gallen Endowment to boost cooperation between Vietnam and the Swiss fund, as part of his attendance at a seminar in Geneva on risk levels and countries’ trade responses to rising tariffs.