Topic: binh duong

Sycamore Binh Duong project sits on 18.9 hectares in southern province and has total investment of VND18.33 trillion ($730 million).

Project in southern province marks Becamex’s first move in the luxury condominium market in the early days of 2024.

Southern Binh Duong province posted export turnover of $27.06 billion in the first nine months of 2022, up 11.9 per cent year-on-year, and import turnover of $19.21 billion, down 1.6 per cent. It therefore recorded a trade surplus of nearly $7.9 billion. Binh Duong has regularly been among the Top 5 cities and provinces with a trade surplus of $6 billion or more.

A report from Batdongsan.com.vn shows that the heat in Binh Duong province’s real estate market was maintained in the first and second quarters of 2022, with asking prices increasing 27 per cent year-on-year. JLL, meanwhile, said the southern province is one of two leading supply and recorded the most sales, with 1,076 units sold.

The Binh Duong Provincial People’s Committee has said that many businesses were registered and a great deal of foreign investment attracted in the southern province in the first nine months of this year. As of September 15, foreign investment stood at over $2.6 billion, representing 145 per cent of the annual plan and up 74 per cent year-on-year, including 54 new projects, 14 projects adding capital, and 134 instances of capital contributions and share purchases.

The Binh Duong Department of Labor, Invalids and Social Affairs has said that as of September 21, nine out of nine districts, towns, and cities in the southern province had employers and employees submitting applications to benefit from the policy on housing rental support for employees under Decision No. 08/2022/QD-TTg. Binh Duong has spent more than VND832 billion ($35 million) on rental support for more than 1.2 million workers, with a disbursement rate of 85 per cent.

Southern Binh Duong province is shifting its industrial development strategy to the northern reaches of the province because there are few vacancies at its industrial parks closer to Ho Chi Minh City. A number of industrial parks are planned for Phu Giao district and the two towns of Tan Uyen and Ben Cat. The industrial triangle of Phu Giao - Tan Uyen - Ben Cat will soon be a destination catching the attention of many investors.

The real estate market in southern Binh Duong province is a bright spot in investment attraction from large domestic and foreign corporations thanks to its sustainable advantages in industrial and commercial development and huge land bank.

Real estate prices in Ho Chi Minh City have continually increased since 2018 while supply has fallen, making it difficult to buy a home in the city. To quench their thirst for real estate, investors have been looking at new products in nearby Binh Duong province, especially in Thuan An city, which is a bright spot in investment and may develop into a civilized urban center.

According to the Binh Duong Statistics Office, the southern province’s exports are recovering well and totaled an estimated $19 billion in the first half of the year, with a trade surplus posted of more than $6.1 billion.