The People’s Committee of southern Binh Duong province on September 16 granted investment certificates for 37 domestic and foreign projects with a combined capital of 380 million USD.

Almost projects focus on industrial production, food processing and electronic mechanics, which are in line with the province’s investment attraction policies.

Binh Duong ranks third among other localities across the country in attracting investment from foreign countries. As many as 1.4 billion USD of foreign investment has been poured into the province so far this year, up 26 percent against the same period last year.

In addition, about over 1,600 domestic firms are operating their projects in the locality, with the registered capital totalled 7.5 trillion VND (352.5 million USD).

According to the provincial People’s Committee, Binh Duong is home to 2,344 foreign-invested projects with a total capital of 20,204 billion USD.

It is the fourth locality nationwide after Ho Chi Minh City, Ba Ria-Vung Tau and Hanoi drawing total foreign investment capital that has exceeded 20 billion USD.

The local authorities are paying attention to completing the development plan of supporting industrial areas, said Chairman of the provincial People’s Committee Le Thanh Cung.

He added that Binh Duong has also promoted administrative procedure reform to remove obstacles for enterprises along with improving its investment environment.-VNA