Binh Duong Province

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Binh Duong Province: The attraction of a developed industrial land

Binh Duong Province, located in the south of Vietnam, is a vibrant and dynamic region that testifies to the country’s rapid industrial development. Renowned as an industrial province, Binh Duong has emerged as a leading destination for businesses, both domestic and international, looking to thrive amid a bustling economic backdrop. Boasting a rich history and forward thinking, the province is the perfect blend of tradition and progress. From advanced production facilities to well-planned infrastructure, Binh Duong epitomizes the essence of a thriving industrial hub. Explore the striking industrial scene and dive into the economic strengths of Binh Duong province.

Binh Duong Province - Vietnam - TTTFIC Group

Binh Duong Province – Vietnam – TTTFIC Group

I. Geographical location

Binh Duong is located in the southern part of Vietnam, bordering several neighboring provinces and cities such as Tay Ninh, Ba Ria-Vung Tau, Dong Nai, Binh Phuoc, and Ho Chi Minh City. This strategic location has greatly contributed to the province’s economic and transportation development.

Binh Duong is a province located in the Southeast region of Vietnam. Binh Duong Province has a total natural area of 2,695.2 square kilometers.

  • It is bordered by Binh Phuoc Province to the north.
  • To the south, it is bordered by Ho Chi Minh City.
  • Dong Nai Province borders Binh Duong Province to the east.
  • To the west, it is bordered by Tay Ninh Province and Ho Chi Minh City.

II. Population and Language

The population of Binh Duong is continuously growing, with recent statistics indicating around 2.5 million people residing in the province. The official language of the province is Vietnamese, but due to the diverse ethnic makeup of the population, various other languages and dialects are also spoken.

III. Economy

Binh Duong has become a crucial economic center in Vietnam and a prime destination for both domestic and international investors. The province boasts diversity in industries, including manufacturing, processing, information technology, financial services, and more. Binh Duong is home to major industrial zones such as the VSIP Industrial Zones, one of the largest and most modern industrial zones in Vietnam.

Binh Duong has become a crucial economic center in Vietnam and a prime destination for both domestic and international investors. The province boasts diversity in industries, including manufacturing, processing, information technology, financial services, and more. Binh Duong is home to major industrial zones such as the VSIP Industrial Zones, one of the largest and most modern industrial zones in Vietnam.

Vietnam – Singapore Industrial Parks (VSIP) are prominent industrial zones in Vietnam, facilitating economic growth and international trade. Here is a list of some of these industrial parks and their names:

These industrial parks contribute significantly to the economic development of the Binh Duong region and offer various opportunities for businesses and investors seeking to operate in Vietnam’s growing industrial sector.

IV. Natural resources

Overall, Binh Duong’s geographical location, climate, and terrain provide favorable conditions for agricultural development, industrialization, and transportation infrastructure.

Binh Duong province in Vietnam once had diverse and abundant forests due to its tropical climate and fertile soil. The forests were rich in valuable timber species and provided medicinal and food plants, as well as rare animal species. However, the forests have significantly declined over time due to destruction during the war, including bombing and chemical contamination. The enemy forces cleared trees to create “white zones” and unregulated logging further contributed to the shrinking of forests.

The land in Binh Duong is diverse and rich in various types. Grey soil on ancient alluvial deposits covers a large area and is suitable for different crops, particularly industrial and fruit trees. Yellow-brown soil on ancient alluvial deposits is found in low hills and is suitable for growing leafy vegetables and drought-tolerant fruit trees. Glay alluvial soil, including slope deposits, is present in northern areas and can be reclaimed for rice, vegetable, and fruit tree cultivation. There are also abundant mineral resources in Binh Duong, including clay soils, white clays, colored clays, white sand, green stone, and onyx. These resources have led to the development of traditional industries such as pottery, sculpture, woodworking, and lacquerware. Notably, a large kaolin mine has been discovered in the Cuoc area, which is considered high quality and suitable for pottery and industrial additives.

V. Culture and Tourism

Binh Duong is renowned not only for its robust economy but also for its rich cultural diversity and historical heritage. Traditional festivals such as the Bau Temple Festival, Bau Sen Festival, and Bau Dai Festival showcase the cultural richness of the local population.

Tourism also plays a significant role in Binh Duong’s economy. Famous tourist attractions like Suoi Tien Park, Dai Nam Tourist Complex, and the Binh Duong Provincial Museum draw numerous visitors, both domestic and international.

 VI. Education and Research

Binh Duong has made substantial investments in education and research. It is home to several renowned universities and colleges such as the Vietnam International University (VIU), University of Economics and Finance – Ho Chi Minh City (UEF), and Binh Duong University of Technology (BUIT). This has created opportunities for local residents to pursue higher education and advance their careers.

VII. Infrastructure and Transportation

Binh Duong is well-regarded for its infrastructure and transportation network. Several expressways and major roadways connect the province to neighboring regions, including Tan Son Nhat International Airport in Ho Chi Minh City. Additionally, there is an urban railway project, the Binh Duong – Ho Chi Minh City Urban Railway, currently under construction.

Administrative map of Binh Duong Province – TTTFIC Group

VIII. Social 

1. Population:

The average population of Binh Duong province in 2021 was 2,685,513 people, an increase of 104,963 people, equivalent to a 4.07% growth compared to 2020. The population of Binh Duong Province includes an urban population of 2,266,771 people, accounting for 84.4% of the total. A rural population of 418,742 people comprises the remaining 15.6%. The male population is 1,373,424 people, representing 51.1%, while the female population is 1,312,089 people, representing 48.9%. The population density is 997 people/km2.

2. Labor and employment:

In the first quarter of 2023, 745 businesses recruited 12,864 workers. Job counseling and referrals were provided to 21,004 individuals, resulting in employment for 11,216 people, reaching 32% of the target. Binh Duong province focuses on occupational safety, fire and explosion prevention and strike handling.

3. Education and training:

Educational institutions developed plans to ensure proper curriculum implementation and reasonable teaching arrangements. All levels conducted revisions and exams for the first semester of the 2022-2023 academic year. The province has made efforts to improve the management of tutoring and tutoring. The province conducts training programs to improve qualifications for school administrators and teachers. Ongoing efforts include bilingual teaching programs at Hung Vuong High School. Additionally, the education sector is focused on improving human resources and facilities.

4. Tourism:

Binh Duong province is home to 63 ranked historical-cultural relics and scenic spots, including 13 national-level and 50 provincial-level sites. Binh Duong Province offers notable attractions that have recently drawn visitors and hold significant potential for tourism development. Include the Phu Loi Prison Historical Site, Iron Triangle Tunnels, Vinh Loi Battle Zone Historical Site, Kien An Revolutionary Base. These destinations allow students, scholars, and tourists to delve into the nation’s rich history and the enduring cultural heritage of Binh Duong.

Additionally, Binh Duong is a popular destination for sports tourism, particularly golf. Binh Duong Province caters to the needs of tourists, businesspeople, and affluent individuals residing in the region. With four golf courses, including the renowned Song Be Golf Course and Phu My Golf Course, the province offers ample recreational opportunities. The internationally recognized golf courses in Binh Duong Province contribute to the growth of high-end sports tourism. Their exceptional standards attract a growing number of visitors each year, including a significant proportion of international tourists.

Thu Dau Mot City - Binh Duong Province - Vietnam - TTTFIC Group

Thu Dau Mot City – Binh Duong Province – Vietnam – TTTFIC Group

IX. Sustainable Development

Binh Duong is transitioning from a traditional manufacturing hub to a modern and sustainable economy. The province aims to develop smart industries and smart cities, investing in technology and creating ample employment opportunities for its residents.

In this comprehensive overview, we have delved into Binh Duong Province, a promising and burgeoning destination in Vietnam. With its favorable geographical location, strong economy, and diverse cultural environment, Binh Duong presents an enticing prospect for both residents and visitors alike.

  • We offer Information and Consultation Services for Industrial Real Estate, including leasing, buying, foreign direct investment (FDI), mergers and acquisitions (M&A), and legal consultancy for foreign investors.
  • Call us today for the best opportunities to expand your business into Vietnam! We specialize in M&A consultancy for industrial real estate in industrial zones throughout Vietnam.

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Industrial Park

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Nam Tan Uyen Industrial Park Expansion

Nam Tan Uyen Industrial Park Expansion

  • Investor: Nam Tan Uyen Industrial Park Joint Stock Company
  • Price: 185 USD/m2
  • Area: 288 ha
My Phuoc 1 Industrial Park - Binh Duong

My Phuoc 1 Industrial Park - Binh Duong

  • Investor: BECAMEX IDC
  • Price: 175 USD/m2
  • Area: 377 ha
Protrade International Tech Park - Binh Duong

Protrade International Tech Park - Binh Duong

  • Investor: Protrade International One Member Company Limited
  • Price: 200 USD/m2
  • Area: 494,9 Ha
Tan Binh Industrial Park - Binh Duong

Tan Binh Industrial Park - Binh Duong

  • Investor: Tan Binh Industrial Park Joint Stock Company
  • Price: 145 USD/m2
  • Area: 352,5 ha
Viet Huong 2 Industrial Park - Binh Duong

Viet Huong 2 Industrial Park - Binh Duong

  • Investor: Viet Huong Development Investment Joint Stock Company
  • Price: 200 USD/m2
  • Area: 250 ha
Viet Huong 1 Industrial Park - Binh Duong

Viet Huong 1 Industrial Park - Binh Duong

  • Investor: Viet Huong Joint Stock Company
  • Price: 200 USD/m2
  • Area: 36,064 Ha
Tan Dong Hiep B Industrial Park - Binh Duong

Tan Dong Hiep B Industrial Park - Binh Duong

  • Investor: Tan Dong Hiep Construction and Investment Group Company Limited
  • Price: 200 USD/m2
  • Area: 162,92 ha
Tan Dong Hiep A Industrial Park - Binh Duong

Tan Dong Hiep A Industrial Park - Binh Duong

  • Investor: Dapark Construction and Real Estate Trading Joint Stock Company
  • Price: 200 USD/m2
  • Area: 50,9 ha
Thoi Hoa Industrial Park - My Phuoc 4

Thoi Hoa Industrial Park - My Phuoc 4

  • Investor: BECAMEX IDC
  • Price: 175 USD/m2
  • Area: 202,4 ha
Rach Bap Industrial Park - Binh Duong

Rach Bap Industrial Park - Binh Duong

  • Investor: An Dien Industrial Joint Stock Company
  • Price: 200 USD/m2
  • Area: 278,6 ha
Binh Duong Industrial Park - Frasers

Binh Duong Industrial Park - Frasers

  • Investor: Frasers Property Development Services (Vietnam) Co., Ltd
  • Price: 200 USD/m2
  • Area: 133,29 Ha
Nam Tan Uyen Industrial Park - Binh Duong

Nam Tan Uyen Industrial Park - Binh Duong

  • Investor: Nam Tan Uyen Industrial Park Joint Stock Company
  • Price: 185 USD/m2
  • Area: 330,51 ha
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