Actively attract potential investors

Lego Group's project creates a "boost" in attracting high-quality investment in Binh Duong

Many positive signals

Binh Duong has become a bright spot in attracting foreign direct investment (FDI) in the country. Up to now, Binh Duong has 4,459 FDI projects with valid investment registration certificates with a total registered investment capital of over 42.5 billion USD, ranking second in the country (after Ho Chi Minh City).

In the early days of 2025, the Provincial People's Committee granted investment approval decisions and investment certificates to 7 FDI projects with an investment capital of nearly 1 billion USD. These are considered positive signals for investment capital to continue to "flow" into the province in 2025. In particular, besides a number of newly registered projects such as the Timotion Vietnam Factory with a scale of 29 million USD, the project of Axman Vietnam Co., Ltd. (Vietnam - Singapore Industrial Park III) with a scale of 24 million USD, many FDI enterprises also increased their investment capital, such as: The project of Cheng Loong Binh Duong Paper Co., Ltd. (Protrade Industrial Park) adjusted to increase capital by 50 million USD, the project of Deneast Vietnam Co., Ltd. (Vietnam - Singapore Industrial Park II-A) adjusted to increase capital by more than 40 million USD, the project of Dongil Rubber Belt Vietnam Co., Ltd. (Bau Bang Industrial Park) increased by 15 million USD...

Investors believe that the transformation of Binh Duong's industrial development model from industrial - urban - service to smart, ecological industrial - urban - service, including upgrading existing industrial parks and building new green, smart industrial parks with the ability to provide 4.0 technology platforms such as IoT (Internet of Things), Big Data, etc., will help investors easily deploy smart factory models and smart production quickly and effectively, contributing to increasing labor productivity in the province.

Ms. Louise Schack Elholm, Chairwoman of the Danish Parliament’s Committee on Economic and Trade Affairs, said that Binh Duong is currently an attractive destination for many international corporations thanks to its smart urban and industrial development policies. Not only Lego and Pandora from Denmark, but many other large corporations have chosen Binh Duong as their new production base. Currently, many Danish enterprises are very interested in the investment environment in Binh Duong.

Actively attract investment

It can be affirmed that the FDI sector contributes greatly to the budget revenue and actively contributes to technology transfer, job creation as well as skills training for workers in Binh Duong. FDI capital focuses on the processing and manufacturing industry. This is also a key industry, promoting the economic growth of the province.

To achieve the double-digit growth target in 2025, Binh Duong is determined to promote industry to continue to be the driving force for growth; in which, striving for the Industrial Production Index (IIP) to increase by more than 11%. Binh Duong continues to prioritize the development of high-tech industries, information technology, electronics industry, clean energy industry, renewable energy industry...; gradually forming a chain of clean industries, technology combined with environmental protection.

Mr. Trinh Hoang Tuan Anh, Deputy Director of the Department of Finance, said that up to now, the processing and manufacturing industry has accounted for about 75% of FDI capital in the province, including a number of projects worth over 1 billion USD. Recently, the addition of a number of large-scale projects applying high technology continues to demonstrate the stability and prestige of Binh Duong in attracting FDI. Once these projects come into operation, they will create a ripple effect, attracting more large investors to invest in the province.

According to the plan, Lego Vietnam Factory (Vietnam - Singapore Industrial Park IIII) of Lego Group is expected to be inaugurated in April 2025. This is the result of the province's strategy to call for and attract green, high-quality FDI capital in the fields of high technology, clean technology, digital economy and artificial intelligence.

Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, commented that Lego's project is a new "green milestone" in the FDI capital flow into Vietnam in general and Binh Duong in particular. The fact that a prestigious group like Lego has chosen Binh Duong as a strategic destination is not only important in promoting the increasingly high-quality growth of FDI capital, but also increases the prestige of Binh Duong with investors, especially potential investors from Europe.

Binh Duong is planning to implement an investment attraction strategy for the next phase. Accordingly, in the coming time, Binh Duong will continue to mobilize all investment resources for development, in which it determines to attract FDI capital in the direction of quality, depth and sustainability. To continue to be an investor destination, Binh Duong is making efforts to implement regional transport infrastructure projects, planning industrial zones and clusters, redesigning development space, attracting high-quality FDI, promoting digital transformation, green economy, and circular economy in line with sustainable development goals for the new period, creating new room for growth in 2025 and the following years.

NGOC THANH

Source: https://baobinhduong.vn/chu-dong-thu-hut-nha-dau-tu-tiem-luc-a344101.html