 In January 1997, the club was renamed Bình Dương after Sông Bé Province was divided into two parts, Bình Dương and Bình Phước.In 1998, Bình Dương was relegated from the First Division and suffered for some years from a lack of development.In 2002, Bình Dương Football Joint-stock Company was founded when Bình Dương FC was taken over by Bình Dương Television Broadcaster (BTV) and Becamex IDC, the strongest multi-industry economy corporation in Bình Dương.