Binh Duong makes economic breakthroughs in 2019

The locality expects to record a 9.5% growth in its gross regional domestic product (GRDP) this year, while GRDP per capita income is estimated at VND146.9 million (over US$6,350 at current exchange rate).

Thanks to efforts made by local authorities, Binh Duong comes third nationwide in foreign investment attraction in 2019, with total foreign investment exceeding US$3.07 billion, up 50% year-on-year, and 119.57% against the target set for 2019.

Regarding aggregated foreign investment, the province ranks second, after Ho Chi Minh City. It is now home to 3,755 valid projects worth US$34.23 billion.

Japan takes the lead among 65 countries and territories investing in the locality with 314 projects valued at US$5.61 billion, making up 14.4% of the total figure, followed by Taiwan (China) and Singapore.

Binh Duong aims to lure more investment in such sectors as high-tech, support industry in service of auto and motorbike manufacturing and assembling, financial services, logistics, high-tech agriculture and new industry-based sectors.