Illustrative image (Photo: VNA)

 

The southern province of Binh Duong attracted nearly 1.5 billion USD in foreign direct investment (FDI) in the first nine months of this year, up 27 percent from the same period last year and surpassing this year’s target by 47.7 percent.

During the period, the province licensed 141 new FDI projects worth 817 million USD. It also saw 660 million USD added to 89 existing projects.

The fruitful result is attributed to the locality’s continued administrative procedure reform, enhanced investment promotion, and well-prepared industrial park infrastructure.

This year, Binh Duong signed cooperation agreements with the Japanese prefecture of Yamaguchi and Italy’s Emilia Romagna region.

The province is currently home to 2,525 valid FDI projects from 39 countries and territories with a total investment capital of 21.9 billion USD.

Japan remains its largest investor with 4.87 billion USD, accounting for 22.7 percent of the total investment capital.-VNA