Business

Binh Duong fulfils yearly FDI goal in first half

The southern province of Binh Duong attracted 1.014 billion USD in foreign direct investment (FDI) in the first half of this year, exceeding its yearly target of luring 1 billion USD.
The southern province of Binh Duong attracted 1.014 billion USD inforeign direct investment (FDI) in the first half of this year,exceeding its yearly target of luring 1 billion USD.

According to Chairman of the provincial People’s Committee Le ThanhCung, by the end of June, 400 million USD were poured in 83 newprojects, while 614 million USD were added to the 69 underway ones.

So far, the province has hosted 2,317 FDI projects with a combined investment of over 19.8 billion USD, he said.

The official spoke of the locality’s efforts to provide investors withcleared land equipped with complete infrastructure systems, togetherwith effective investment promotion programmes.

Hereferred to the drastic reform of administrative procedures andone-stop-shop services, saying these moves have enabled investors tooperate stably and expand their business.

Binh Duongis focusing on completing the planning of areas dedicated to thesupport industries, aimed to become a regional supplier of raw materialand make it ready for the upcoming Trans-Pacific Partnership deal, Cungsaid.

The locality has seen a strong flow of FDIfrom big foreign groups since late May. On June 24, the TaiwaneseKingtec Group signed a contract with the My Phuoc III industrial park torent land for its electronics factory whose first phase will have aninvestment of 30 million USD.-VNA
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