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| Binh Duong is the second province in Vietnam in attracting FDI capital. (Source: Cafe F) |
Currently, of the more than 40.3 billion USD of FDI capital poured into Binh Duong, Chinese enterprises contribute to 1,666 projects and a total investment capital of 10.4 billion USD; accounting for about 1/4 of foreign investment capital in this province. This capital flow is expected to continue to grow in the coming time.
More information about FDI attraction in the locality, this is the second province in Vietnam in attracting FDI capital (after Ho Chi Minh City); with 4,219 FDI projects granted valid investment registration certificates. The province accounts for more than 8.7% of the total foreign investment capital in the country with an average project size of about 9.6 million USD.
The leading sector is the processing and manufacturing industry, with 3,639 investment projects with a total investment capital of more than 29.7 billion USD, accounting for 73.8% of the total registered investment capital. Binh Duong has 29 industrial parks with a total planned area of nearly 13,000 hectares, ranking second in the country.
Projects come from 65 countries and territories, including many large investment projects of famous corporations in the world that have invested in Binh Duong, such as: Tokyu, Aeon, Mitsubishi (Japan), Lego, Pandora (Denmark), Procter & Gamble (USA), Kumho (Korea), Mapletree (Singapore)...
Entering 2024, Binh Duong is still forecasted to be the leading destination for FDI capital flows. According to information from the Provincial People's Committee, the consistent view of the locality is that investment attraction must aim for sustainable development. Binh Duong is preparing conditions for infrastructure, logistics, favorable investment environment, along with strategies for science and technology development, digital transformation and human resource training... to be ready to welcome new generation FDI capital flows.
According to the 2022 Statistical Yearbook, Binh Duong has a population growth rate of 6.41%, the highest in the country, twice as high as the 2.74% rate of Dong Nai - the province in second place. This is also the province with the second highest immigration rate in the country, reaching 26.4%, just after Bac Ninh, about 39.4%. Although it is an industrial province with the highest population growth rate in the country, the population density in Binh Duong reaches 1,025 people/km2, ranking 7th in the country after Ho Chi Minh City, Hanoi, Bac Ninh, Hung Yen, Hai Phong, Hai Duong and Nam Dinh.
Binh Duong residents earn an average of 8.07 million VND per month, the highest in the country, nearly double the national average. The above figure is four times higher than the two provinces with the lowest monthly per capita income in the country, Ha Giang and Dien Bien, at 2.06 and 2.08 million VND respectively.
Binh Duong is also the only locality with an average income of over 8 million VND. Of which, the province's high-income group earns an average of 18.3 million VND per month, while the low-income group earns 2.67 million VND, a difference of nearly 7 times.
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