Business

Binh Duong lures over 3 billion USD in foreign investment

The southern province of Binh Duong attracted over 3 billion USD in foreign direct investment (FDI) in the first 11 months of the year, a year-on-year increase of 49 percent, according to the provincial People’s Committee.
Binh Duong lures over 3 billion USD in foreign investment ảnh 1Binh Duong is carrying out a revamped programme for FDI attraction between 2016 and 2020. (Illustrative image. Source: VNA)

Hanoi (VNA) – The southern provinceof Binh Duong attracted over 3 billion USD in foreign direct investment (FDI)in the first 11 months of the year, a year-on-year increase of 49 percent,according to the provincial People’s Committee.

Binh Duong ranks second nationwide in terms ofFDI attraction, after the southern economic hub of Ho Chi Minh City.

Notably, more large-scale businesses haveinvested in technology and real estate in 2019.

Binh Duong is carrying out a revamped programmefor FDI attraction between 2016 and 2020, putting more efforts into luringinvestment from potential partners and global companies.

The province is drawing FDI projects that useadvanced and environmentally-friendly technologies that are less labourintensive with higher added value./.
VNA
# foreign direct investment (FDI) #11 months #Ho Chi Minh City #environmentally-friendly technologies #Vietnamplus #Vietnam News Agency Binh Duong
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