Binh Duong
Binh Duong operates as constructed industrial ecosystem: $41B FDI, Lego factory in VSIP III, specializing in consumer goods while northern provinces take electronics.
Binh Duong exemplifies how industrial zones function as constructed ecosystems designed to attract specific economic species. As of 2023, the province held $41.08 billion in cumulative FDI—third in Vietnam after Ho Chi Minh City and Hanoi. Its industrial parks host manufacturing giants including Lego (which opened a factory in VSIP III Industrial Park in 2024) and numerous textile, electronics, and consumer goods producers.
The province operates as part of the Southern Economic Region alongside Ho Chi Minh City, forming Vietnam's manufacturing heartland. Unlike the northern provinces where Samsung concentrates its electronics production, Binh Duong specializes in consumer goods, garments, and light manufacturing. This niche differentiation reduces direct competition with Bac Ninh and Thai Nguyen while serving different segments of global supply chains.
The 2024 Vietnam Industrial & Manufacturing Fair (VIMF) at WTC Binh Duong New City EXPO drew 450+ exhibitors and 20,000 visitors across 15,000 square meters—evidence of the province's emergence as a showcase for Southeast Asian manufacturing capability. Binh Duong's strategy mirrors the EEC in Thailand: purpose-built infrastructure creating conditions for industrial clustering, with the province functioning as an ecosystem engineer rather than merely a location.