Tag: binh duong

With total investment capital of over $1 billion, this is LEGO's sixth factory worldwide and second in Asia.

FDI attraction expected at over $3 billion.

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

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.

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.

The new Astral City luxury apartment and commercial complex in Thuan An district, southern Binh Duong province, sits on 3.7 ha, including 23,000 sq m for a commercial center, landscaping, internal facilities, and eight 40-story towers. It is also one of the first projects in Binh Duong developing high-end apartments, and has attracted major attention in the market.

At a meeting with Binh Duong authorities, Minister of Health Nguyen Thanh Long requested that the southern province closely follow Directive No. 16 and prevent the spread of Covid-19.

The Dat Xanh Group has been granted ownership of a 10-ha land fund in southern Binh Duong province that is expected to be used for projects that will provide the market with about 8,000 products over the next three years.