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Breakthrough and growth: Like other provinces, the province started from a low-based economy with an annual growth rate of 3.2 percent. In 1975-1985, the industry made up only 9.6 percent of the economic structure. The main products were ceramics and lacquer. State-owned enterprises were inefficient, other economic sectors were underdeveloped. In the period of transformation (1986-1990) from a centrally planned to the market economy, many enterprises could not stand the test and disband. However, with the encouragement of the province, hundreds of private enterprises came into being. Industrial production maintained a growth rate of 8 percent a year and in 1990 accounted for 13 percent of the economic structure.

VIETRADE - Binh Duong is located in the southern key economic region. Endowed with the advantages of convenient geography conditions; beside Ho Chi Minh City, the economic cultural center of the country, owning the smooth land as well as the land - bed suitable for basic construction with low investment rations; main transportation routes of national roads of 13,14, the Ho Chi Minh highway, Trans - Asia highway which cross over the province..., 10 to 15 kilometers away from Tan Son Nhat international airport and seaports; and Binh Duong people are laborious and dynamic, etc....

The Ministry of Labor, Invalids and Social Affairs of Vietnam (MoLisa) is drafting a decree amending and supplementing some articles of Decree No. 49/2013 /ND-CP dated May 14, 2013 by the Government detailing the implementation of some articles of the Labor Code on wages. In particular, the MoLisa proposes new regulations on the principles of building wage scales, and payroll. Specifically, according to Decree No. 49/2013/ND-CP, multiples of the salary scale is the difference between the salary of the job or the position with the highest technical requirements compared with the salary of the job or the positions with the lowest technical requirements, the number of steps in the salary scale and payroll depends on the complexity of the management, work level or position required. The gap between the two consecutive wage grades must ensure that employees are encouraged to improve their professional and technical skills, experience and talents, but at least 5%.

The southern province of Binh Duong has already achieved over 78 percent of this year’s foreign direct investment (FDI) target with almost US$1.1 billion, its People’s Committee announced. It included more than $730 million in 113 new projects and $367 million in 64 existing ones.

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