HCMC – Foreign investment approvals in the southern province of Binh Duong have grown strongly between 2016 to 2022, with US$39.7 billion pledged for around 4,085 projects.

On average, around US$9.7 million was committed to a foreign-invested project.

Last year the province saw a surge of investments in the processing and manufacturing industry, which accounted for 63.38% of the total pledged capital.

The real estate sector came in second with US$7.4 billion, or 18.5% of the total.