Illustrative image (Source: VNA)
Binh Duong (VNA) – The southern province of Binh Duong has so far attracted 2,713 foreign-invested projects with a total capital of around 25 billion USD, including 16 billion USD distributed to 1,635 projects that are underway in industrial parks (IP).

According to deputy head of the Binh Duong Committee for Industrial Park Management Board Bui Minh Tri, the FDI projects, mostly small and medium ones, have employed over 360,000 locals.

Since early this year, more than 618 million USD of FDI has been invested in the construction of factories in IPs, he added.

Meanwhile, Director of the provincial Department of Planning and Investment Nguyen Thanh Truc revealed that the province has nearly fulfilled the yearly target in FDI attraction, adding that a total of over 1.1 billion in FDI has been licenced to be poured into 126 new and 68 underway projects.

The number of new projects located in IPs across the provinces stands at 99, worth 709 million USD, and 46 underway projects were added 276 million USD in investment capital, Truc said.

So far, the province has constructed 28 IPs covering over 9,000 hectares. In the next five years, the number of IPs is expected to increase to 34 on 14,790 hectares.

A 300 hectare IP in Bau Bang district will also be built to host firms in the support industry for the apparel sector, as part of efforts to take advantage of investment flow after the Trans-Pacific Partnership is signed.

Currently, the province, one of the major industrial hubs in the south, is prioritising FDI projects utilising high technology and located in IPs to ensure environmental protection, said Tri.-VNA