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After more than 25 years of construction and development, Binh Duong is considered a bright spot in terms of investment attraction because of its open policy, modern technical and social infrastructure system. In particular, the synchronous investment in commerce and service infrastructure has created potential in parallel with industrial development, putting the province on a sustainable path, people's lives are becoming more civilized.

Industrial development, connective transport infrastructure help commerce - services go up. In photo:  Aeon Mall Shopping Center is located on National Highway 13, passing through Thuan An City.

To develop robustly

Binh Duong is one of the localities that early developed industrial parks (IPs) in Vietnam and attained many important socio-economic results. In 2021, the province's total product reached VND 408,861 billion, 104.3 times higher than in 1997. In which, services increased 112.2 times and industry increased 140.6 times. This growth rate made Binh Duong a high-middle-income area with a per capita GRDP of USD7,000/person/year and a province with strong development in trade and service.

Binh Duong continued to look for a new, more comprehensive model that not only develop solely industry but also service and urban system at the same time. With a strategic move, Binh Duong learned about Singapore's industrial development, enhanced investment in trade service infrastructure, learned how to promote trade, expanded its marketing system and introduce the province's investment to the world.

According to Nguyen Van Hung, at the time of the establishment of VSIP 1 in Thuan An City and later the Industrial - Urban - Service Complex, the leading enterprises of the province accompanied the province and expanded Highway 13. This is the first and important traffic axis as a lever for connecting the industrial zone system of Binh Duong with Tan Son Nhat airport. After forming the regional traffic plan, the My Phuoc - Tan Van - Bau Bang route continued to be formed to complete the traffic axis connecting to seaports and international airports, such as Long Thanh airport, Cai Mep - Thi Vai port. 

In addition, connecting roads along horizontal axis in the province, such as DT743, DT746, North Tan Uyen - Phu Giao - Bau Bang, and some sections of Ring Road 3, Ring Road 4, create a regional transport system that connects industrial zones with each other and connects to seaports and international airports, forming a complete complex, consolidating competitive advantages for the province. That led to the rapid development of large industrial zones, attracting many domestic and foreign investors, and millions of people to live and work in Binh Duong.

According to Pham Van Dong (Thuan An City): “More than 20 years ago, when our family was located in a site clearance area for Highway 13, this city was still very deserted. When VSIP 1 and other industrial zones were born, it led to the development of many industries to serve people’s needs. In the expansion of National Highway 13, my family’s house was also in the area of compensation and site clearance. Then, Thuan An will continue to develop more spaciously with a series of commercial centers, international schools, international hospitals, golf courses, becoming an urban and service center of the province.

To maintain balance

Vo Van Minh, Chairman of the Provincial People's Committee, affirmed that in the new period, with the orientation towards balanced economic development to build a smart and sustainable city, Binh Duong has prioritized investment in service infrastructure, investment attraction, effectively operated service infrastructure, step by step standardized the province's commercial platform, and joined international large-scale trade associations. Through smart city and innovation zone projects, the province has the desire to facilitate service development, e-commerce, digital transformation and industry 4.0, attract human resources, in order to build an intelligent and worth-living Binh Duong community.

Dr. Huynh The Du, Fulbright University and Indiana University (USA), said that as one of the centers of industrial development, trade and service of the southern key economic region, the current period will be an opportunity for Binh Duong to become a destination for businesses and form a supply chain, produce goods, and consume products.

In fact, the province has promoted cooperation and attracted FDI investors to develop trade service infrastructure, strengthen external relations, and international economic cooperation to promote investment attraction, import and export, and smart city development. At the same time, the province effectively uses State resources, strongly mobilizes social resources to invest in the development of transport, industrial, service and urban infrastructure; invests in transport infrastructure to expand regional connectivity, creating a driving force for socio-economic development.

The province advocates that transport infrastructure is one step ahead, traffic as the lifeblood of the economy in order to expand development space, attract investment, form urban areas, improve services and people's lives. Nguyen Anh Minh, Director of Department of Transport, said Binh Duong was considered a locality having a good transport infrastructure system in the southern key economic region and the whole country. Up to now, the traffic network in Binh Duong is over 7,420km length; in which national highways passing through areas such as National Highway 1, National Highway 1K, National Highway 13 have been upgraded and expanded... This is considered an important factor to help Binh Duong attract more investment inflows in the coming time, especially high-quality commercial and service capital, which is expected to pour into Binh Duong, continue to improve development.

Hirata Shuji, Deputy General Director of Becamex Tokyu Company, said: “After the Covid-19, many large corporations and businesses signed contracts to invest in Binh Duong in the fields of infrastructure, trade and service. With all good prospects from that reality, I believe that Binh Duong is gradually becoming one of the most attention-grabbing cities in Vietnam today, one of the most livable cities in Vietnam." 

- Vo Van Minh, Chairman of the Provincial People's Committee: In the new period, with the orientation of a balanced economic development to build a smart and sustainable city, Binh Duong has prioritized investment in service infrastructure, investment attraction, and efficient operation of commerce service infrastructure, step by step standardized the commercial platform of the province, joined the large-scale international trade associations. Through the projects of smart cities and innovation zones, Binh Duong wishes to promote the development of services, e-commerce, digital transformation and industry 4.0, attract human resources, to build an intelligent and worth-living community.

- Deputy Minister of Industry and Trade Do Thang Hai: “I highly appreciate the investment environment of Binh Duong and the orientations to attract investment in the manufacturing and commercial sectors. In particular, the care regime for workers with social housing, commercial development, and support policies for investors always helps Binh Duong to be in the address of an effective investment destination.  I hope Binh Duong continues to invest in commerce and service infrastructure, creating a new push in the current period…”.

Reported by Tieu My - Translated by Ngoc Huynh