From a purely agricultural province to an industrial capital
On April 29 and 30, 1975, many important areas of Binh Duong province were liberated. After the liberation day, Binh Duong quickly joined the whole country in the process of restoring production and developing the socio-economy. In 1976, Binh Duong and Binh Phuoc merged and established Song Be province.
For about 15 years, the province's economy has been mainly agricultural, with residents making little living from farming and traditional handicrafts such as pottery making, lacquer, etc. Initial traffic had only two main axes: the Saigon River and National Highway 13.
Since the early 90s, especially from the milestone of re-establishing the province on January 1, 1997, Binh Duong has begun to change direction, build industrial park infrastructure, expand regional traffic routes, create open policies... to invite investors to build factories and do business. In the past 2 decades, domestic and foreign investment capital has flowed into Binh Duong, factories have sprung up everywhere, and human resources from the provinces have also been concentrated.
To date, the whole province has 29 industrial parks (27 industrial parks in operation) with a total area of 12,670.5 hectares. The province has 12 industrial clusters with a total area of 790 hectares. In particular, there are typical industrial parks nationwide in terms of building complete, synchronous and modern infrastructure, in terms of speed of investment attraction, production management and environmental protection such as VSIP 1, 2, My Phuoc...
Top group to attract FDI
The prestige and business environment in the international arena of Binh Duong province are increasingly enhanced, foreign investment capital in Binh Duong continues to increase strongly. Binh Duong province welcomes many large corporations in the world to invest in building factories.
The largest foreign -invested foreign enterprise in the province is Polytex Far Eastern Vietnam Co., Ltd. During the operation, the company continuously registered to adjust the investment capital in the factory in Binh Duong. So far, the 3rd phase expansion project has been licensed to increase the total investment capital of up to 1.54 billion USD. In 2025, the company plans to expand the investment of $ 700 million in a factory in Bau Bang Industrial Park.
The second largest enterprise with investment capital is Lego Group with a toymaking factory with an investment capital of 1.3 billion USD in Tan Uyen city, Binh Duong province. In April 2025, this group officially inaugurated the factory and put into production. The massive factory was built at a rapid pace and put into production after only 2 years of construction. Currently, Lego Group is actively recruiting workers to serve production.
Kumho Vietnam Tire Company Limited is also a company with large investment capital in Binh Duong. The group has been operating stable production for many years in My Phuoc 3 Industrial Park, Ben Cat City. In 2025, the enterprise plans to continue investing in expanding the factory for phase 3 to invest an additional 300 million USD. From there, increase the total investment capital to 908 million USD, the factory's capacity will increase from 12.5 million tires to 17 million tires/year.
The above enterprises are truly "eagles" in the making of a team in Binh Duong. In addition, thousands of FDI enterprises have returned to Binh Duong to build factories for production and business.
Mr. Vo Van Minh - Chairman of Binh Duong Provincial People's Committee - said that in the first quarter of 2025, Binh Duong will continue to attract nearly 700 million USD in FDI capital. To date, Binh Duong has attracted over 4,500 FDI projects with a total registered capital of over 42.7 billion USD.
Continuously improving the investment environment
According to Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, to attract investment, provincial leaders have proactively contacted and promoted the investment environment in other countries. The province also successfully organized many economic forums, inviting hundreds of large enterprises from all over the world to participate. Binh Duong also improves the effectiveness of the Steering Committee's operations to solve difficulties for enterprises, while organizing periodic meetings with each group of FDI enterprises. Through these programs, provincial leaders listen to opinions from businesses and directly direct the removal of difficulties, supporting businesses in promoting production and business.
