That is the general opinion of leaders of sectors, experts, and businesses about the province's economic development in 2025. Opinions are that, with the economic results achieved in 2024, along with good preparation in all aspects, Binh Duong will continue to reap many successes this year.
Mr. Trinh Hoang Tuan Anh, Deputy Director of the Department of Planning and Investment: With an open and attractive investment environment, in 2024, Binh Duong will still be one of the leading provinces and cities in the country in attracting foreign direct investment (FDI). To date, Binh Duong has surpassed Hanoi to rise to second place in the country in attracting FDI, with more than 42.4 billion USD. Notably, many investors have poured additional capital, affirming the confidence of FDI enterprises in the province's investment environment.
In 2025, Binh Duong will continue to mobilize all investment resources for development, in which FDI attraction continues to play an important role. According to the Binh Duong Provincial Planning for the period 2021-2030, with a vision to 2050, Binh Duong will be a centrally-governed city by 2030 and one of the dynamic and comprehensive development centers of the Southeast Asia region; leading in science - technology and innovation, a modern industrial and service center. Binh Duong is focusing on building a complete intra-regional and inter-regional transport system, creating favorable conditions for industrial development and planning the construction of new urban areas; continuing to complete nearly 200km of belt roads and regional connecting highways. At the same time, Binh Duong will form an industrial belt with a scale of over 20,000 hectares... This is forecast to be the driving force to attract FDI capital into the province in 2025 and the coming years.
Dr. Mai Huu Tin, Chairman of the Binh Duong Provincial Business Federation: In 2025, we should consider all three driving forces: consumption, business investment and public investment. With recent strong statements from provincial leaders, public investment will continue to be promoted in 2025. Business investment, including FDI enterprises, is based on market prospects. The US market - the main market for Binh Duong's exports - is currently very unpredictable until President-elect Donald Trump takes office on January 20 and officially introduces his policies. Currently, all signs show that Vietnam will not be included in the same group of high tariffs as China, Mexico and Canada in 2025...
Besides potential advantages, enterprises in the province are also facing many challenges, such as pressure on transport infrastructure, regional connectivity, social security, green transformation, digital transformation, etc. It would be a pity if we could not take advantage of the advantages of Vietnamese goods entering the United States in 2025 compared to Chinese goods.
Mr. Vuong Sieu Tin, Vice President of Binh Duong Ceramics Association: In 2025, we see brighter signals about the market for the export ceramics industry. We are making efforts to learn production experiences from domestic and foreign countries, focusing on technological innovation, reducing product costs, and increasing the competitiveness of Binh Duong ceramic products. Actively promoting and supporting enterprises in the association to transform production models towards energy saving, both ensuring the greening of craft villages and stabilizing and improving product quality, saving costs, and improving competitiveness in the export market.
We hope that the enterprises in the association will continue to improve their operating procedures, apply automation to existing technological lines to improve product quality and reduce risks for operators. Along with development, the association also preserves the pottery culture, serving sightseeing and tourism.
Ms. Phan Le Diem Trang, Vice President of Binh Duong Textile and Apparel Association: The textile and garment industry has been undergoing major changes in the context of the global market. In 2025, increasingly fierce competition from countries with lower production costs has posed many challenges for Vietnamese enterprises. In addition, the requirements for sustainable development and the trend of shifting global supply chains have also created new opportunities for the industry. Enterprises in the industry have begun to apply measures such as using renewable energy, effectively treating wastewater and using recycled materials. Requirements from international partners on ESG (Environment - Social - Governance) and LEED (Leading Energy and Environmental Design) standards are forcing enterprises to quickly adapt. This is an opportunity for domestic textile and garment enterprises to improve their competitive position, but at the same time, it is also a challenge when it requires investment capital and technological innovation.
The textile industry is also facing major challenges in terms of labor costs and dependence on imported materials. However, with its geographical advantages and ability to quickly adapt to sustainable development trends, the textile industry still has great potential to attract investment and maintain its position in the global market. We identify that quickly adapting to market demands and increasing investment in key areas such as fabric production and digital technology will be the key to the sustainable development of Binh Duong's textile industry in the future.
Mr. Nagato Takahiko, Chairman of the Japanese Business Association in Binh Duong: Binh Duong is a locality chosen by Japanese enterprises to invest a lot in the industrial sector. Japanese enterprises investing in Binh Duong always receive attention from local leaders and are given the best conditions for development. The Japanese business community always trusts the province's development and investment attraction policies, and continues to invest and expand production in Binh Duong.
Currently, the Japan Business Association in Ho Chi Minh City has 1,050 enterprises, of which more than 160 enterprises are in the Binh Duong Branch. Binh Duong is always the first research destination for Japanese enterprises when they first research investment in Vietnam. With the province's outstanding development, I believe that in the coming time, there will be more large enterprises shifting their investment direction to Binh Duong.
Mr. Ta Van Thanh, General Director of Thai Duong Industrial Paint Co., Ltd. - TaiYang Shoes Branch: In recent times, our company has taken advantage of free trade agreements that Vietnam has signed and implemented to expand international trade and export markets. We have promoted online sales through online sales channels, along with many flexible and adaptive solutions. By the end of 2024, our company will produce and consume more than 5 million pairs of shoes and sandals in the domestic and export markets.
In 2025, with the quality and brand we have built, we believe we will have many new export orders. The company also focuses on the domestic market, focusing on restructuring production towards green transformation, technological innovation, finding new markets, expecting higher growth in 2025.
Mr. Oh Dongkun, General Director of Becamex Tokyu Co., Ltd.: Our company's projects in Binh Duong will accelerate in the coming time. In addition, we also participate in projects to develop the transport network connecting with Ho Chi Minh City, develop urban areas according to the TOD model (urban development model with public transport as the center)... The company has continuously researched new transport systems to minimize environmental impacts, such as promoting the conversion of transport modes in the urban bus project, researching and testing autonomous electric vehicles... The company is also testing a zero-emission circular ecosystem at commercial establishments; has put into use energy-saving air conditioning systems at our shopping centers under the sponsorship of the Japanese Government, creating environmental sustainability.
NGOC THANH - TIEU MY
Source: https://baobinhduong.vn/kinh-te-binh-duong-se-tiep-tuc-gat-hai-thanh-cong-a338958.html
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