The southern province of Binh Duong attracted 42.4 million USD in foreign direct investment (FDI) in October, bringing the ten-month figure to 1.198 billion USD, surpassing its yearly target of 1 billion USD.

Of the total amount, 713.7 million USD came from 116 new projects while the remainder was added to 115 existing projects.

To intensify FDI attraction, the province has streamlined administrative procedures, created an optimum business environment, and offered well-prepared infrastructure.

Provincial officials have supported this work through meetings with diplomatic agencies and business associations from Japan , the Republic of Korea and Taiwan . A number of dialogues have also been held by managerial units to remove obstacles for enterprises.

In the coming time, Binh Duong will focus on attracting investment in hi-tech industries and high added value products like electricity, electronics and medicine.

Priority will also be given to industries that support garments and textiles, footwear, mechanics and woodwork; healthcare, education, finance and banking services; as well as socio-economic infrastructure projects.

The province will attract more investment from enterprises with high financial strength and large market share.-VNA