The southern province of Binh Duong attracted about 1.6 billion USD worth of foreign direct investment (FDI) in the first quarter of 2022, 3.6 times higher than that in the same period last year, informed Chairman of the provincial People’s Committee Vo Van Minh on March 21.
A corner of the first Vietnam-Singapore Industrial Park (VSIP1) in Thuan An city, Binh Duong province. (Photo: Chi Tuong/VNA)
Binh Duong (VNA) – The southern province of BinhDuong attracted about 1.6 billion USD worth of foreign direct investment (FDI)in the first quarter of 2022, 3.6 times higher than that in the same period last year, informed Chairman of theprovincial People’s Committee Vo Van Minh on March 21.
Binh Duong also lured 36 trillion VND (1.57 billion USD) ofdomestic capital, an annual increase on 16.9percent.
During the period, a total of 22 investment licences weregranted to enterprises to operate at local industrial parks.
Notably among the investors, the toy manufacturer LEGO Groupdecided to pour more than 1 billion USD on the building of its 44ha factory atthe Vietnam - Singapore Industrial Park III in Binh Duong, making it thelargest Danish-invested project in Vietnam to date. The plant is hoped togenerate 4,000 jobs in the next 15 years.
According to Minh, the provincial authorities are committedto creating best conditions possible for the operation of domestic and foreignfirms.
The province has 29 concentrated industrial parks coveringnearly 13,000 ha of land, with their average occupancy rate exceeding 83.4percent. So far, Binh Duong has recorded 4,033 valid FDI projects worth over37.7 billion USD./.
The southern province of Binh Duong enjoyed a trade surplus of 2 billion USD in the first two months this year, Vo Van Minh, Chairman of the provincial People’s Committee has said.
The southern province of Binh Duong will start construction of two giant industrial zones of more than 1,000 hectares each this year with an eye on foreign investors.
Secretary of the Binh Duong Party Committee Nguyen Van Loi met with Japanese Ambassador to Vietnam Yamada Takio on March 17, pledging continued support for Japanese investors to reap more successes in the southern province.
Prime Minister Pham Minh Chinh attended the ground-breaking ceremony of the Vietnam - Singapore Industrial Park No. 3 in the southern province of Binh Duong on March 19.
The southern province of Binh Duong, a FDI magnet of Vietnam, should develop a green, smart, sustainable and inclusive industrial ecosystem, in which no one is left behind, Prime Minister Pham Minh Chinh has stated.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
A corner of the first Vietnam-Singapore Industrial Park (VSIP1) in Thuan An city, Binh Duong province. (Photo: Chi Tuong/VNA) 
