Binh Duong is deemed as an odds-on candidate for new wave of foreign investment in post-Coronavirus pandemic period
In that context, hubs of industrial parks are now standing a chance of booming, of which the southern province of Binh Duong being deemed as an odds-on candidate.
Binh Duong becomes “top dog” as Viet Nam expects billion-dollar foreign investment
Binh Duong has maintained high economic growth and been considered the most modern industrial hub in the southern region with 48 industrial clusters and parks covering a total area of more than 10000 hectares.
The province has always been among the leading recipients of foreign direct investment (FDI), only after Ho Chi Minh City and Ha Noi.
It is expected that by the end of 2020 FDI inflows in Binh Duong will reach over US$11 billion. Such a figure is still posing no sign of stopping as the locality is seizing a golden opportunity from the wave of shifting global supply chains thanks to its indisputable advantages.
Owning a modern infrastructure network and being located in the key economic triangle Ho Chi Minh City – Binh Duong – Dong Nai, Binh Duong is considered the focal point of all economic connections in the Southeastern region.
The large land fund and flat land terrain suitable for the construction of large-scale factories and export processing zones (EPZs) are also the province’s strengths.
In addition, with an abundant labor force supplied from more than 30 cities and provinces nationwide, as well as simple administrative procedures and numerous incentives for investors, Binh Duong has been becoming one of the “top dogs” in the face of opportunities to attract FDI capital after the disease.
Chance for Binh Duong’s real estate to boom
Attracting FDI capital is a direct lever that creates a quality supply source for real estate. This source of supply comes from a large number of senior experts and foreign experts with high to very high income, who are seen as a “quality” output for real estate projects in Binh Duong.
There is no need to wait until the global supply chains have been officially shifted into Viet Nam. Many real estate businesses have leapfrogged such a potential by landing the province with large-scale projects.
It can be said that in the danger from the complicated COVID-19 context, the chance has still been created under the name of FDI waves.
Alongside that fact, Binh Duong’s available advantages will be a lever to enable the real estate market in general and the apartment segment in particular in the southern province to boom, not only in 2020 but also in the following year.
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