Business

Binh Duong province aims to attract 1.4 billion USD in FDI

The southern province of Binh Duong has set a target of attracting 1.4 billion USD in foreign direct investment (FDI) in 2018, according to Tran Thanh Liem, Chairman of the provincial People’s Committee.
Binh Duong province aims to attract 1.4 billion USD in FDI ảnh 1Illustrative image (Source: binhduong.gov.vn)
Binh Duong (VNA) - The southern province of Binh Duong hasset a target of attracting 1.4 billion USD in foreign direct investment (FDI)in 2018, according to Tran Thanh Liem, Chairman of the provincial People’sCommittee.

Liem said that the province will prioritise partners with strongeconomic capacity and large economic groups, as well as projects using hightechnology friendly to the environment, and investment in industrial parks andclusters.

He said that in order to continue attracting FDI, in the coming time, theprovince will focus on improving the investment environment, enhancing competitivenessand strengthening support for businesses.

Binh Duong will also complete its infrastructure system such astransport, water supply, electricity and waste treatment system, while creatingland for projects, developing human resources, added Liem.

Currently, Binh Duong has 29 industrial parks with a total area of12,790 hectares, of which, 26 have been operating. Under its master plan, by2020, the province will have 34 industrial parks with a combined area of over15,000 hectares.

In 2017, the province lured over 2.5 billion USD of FDI, exceeding theyearly target by 79 percent, up 125 percent over 2016. Of which, 80 percentwere disbursed, higher than the average figure of the previous years at 78percent.-VNA
VNA
#Binh Duong #foreign direct investment (FDI) #Tran Thanh Liem #infrastructure system #industrial parks #Vietnam #Vietnam news #Vietnam News Agency Binh Duong
Follow VietnamPlus

Related News

Binh Duong: FDI in five months exceeds yearly target

Binh Duong: FDI in five months exceeds yearly target

Southern Binh Duong province has lured nearly 1.5 billion USD in FDI in the first five months of 2017, 6.5 percent higher than the province’s target of 1.4 billion USD for the entire year, according to the provincial People’s Committee.

See more

Tran Ngoc Quan, Trade Counsellor and head of the Vietnam Trade Office in Belgium and the EU (Photo: VNA)

Belgian firms suggested to expand presence in Vietnamese market

Entering 2026 – the first year of implementing the Vietnam – EU Comprehensive Strategic Partnership, the Vietnam Trade Office in Belgium and the EU views this as a pivotal time to inject new momentum into trade ties, said Trade Counsellor Tran Ngoc Quan.

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit.

Saigon Marina IFC – The light of Ho Chi Minh City’s new icon

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit. Designed to become an International Financial Centre, this new architectural icon along the Saigon River is envisioned not only as a premium commercial complex, but as a central platform supporting financial institutions, international investors and cross-border capital flows in the years ahead.

Shoppers at a supermarket in Hung Yen (Photo: VNA)

Retailers see tax compliance, AI as key to survival in 2026 survey

The annual survey, conducted at the end of 2025 among retail and food and beverage (F&B) sellers nationwide, found that businesses are shifting their focus from rapid growth to operational efficiency, cost control and legal compliance amid increasingly stringent regulatory standards.

Visitors shop at Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026 opens broader prospects for Vietnam–UAE trade cooperation

For Vietnam, the UAE serves not only as a consumer market but also as a gateway to the Middle East and North Africa. Vietnamese agricultural products such as cashew nuts, pepper, cinnamon and rice have steadily gained market share, while aquatic products, including tra fish and tuna, are increasingly present in the UAE’s hospitality sector.

Bao Viet Bank's employee counts Vietnamese banknotes at a transaction counter in Hanoi. (Photo: VNA)

Credit quota reform, tighter capital rules may widen gap among banks

Yuanta Vietnam Securities estimates that to achieve GDP growth above 10%, credit growth would need to exceed 16%. This suggests bank credit is no longer expected to be the main growth driver, with greater reliance on fiscal policy, public investment and capital markets.

Commercial Counsellor Do Viet Phuong, Head of the Vietnam Trade Office in Cambodia. (Photo: VNA)

Spring Fair 2026 offers ample room to deepen Vietnam–Cambodia trade ties

Cambodia holds substantial potential for cooperation in agro-processing and exports, especially in key products such as rice, cashew nuts and rubber. In recent years, the country’s cultivation area and agricultural output have grown steadily, providing a stable raw material base for processing industries.

Vietnam is projected to have approximately 2.4 million SMEs, accounting for over 98% of the country’s total enterprises. (Photo: cafef.vn)

Banks offer diverse solutions to support SMEs

With an increasingly significant role in the economy, the small and medium-sized enterprise (SME) sector is becoming a key segment in the credit growth strategies of many banks and the banks have been taking diverse solutions to support the enterprises.