As many as 65 million USD of foreign direct investment (FDI) was poured into the southern province of Binh Duong in May, raising total FDI capital to the locality in the first five months of this year to 815 million USD.
This is a positive sign which shows that investors still retain confidence in the investment environment in the locality and Vietnam in general.
Binh Duong has so far lured 2,255 foreign-invested projects totally valued at about 20 billion USD.
According to Director of the provincial Department of Planning and Investment Mai Hung Dung, out of the 65 million USD of FDI invested in Binh Duong in May, 43 million USD was poured into local industrial parks (IPs),
Japan topped the list of foreign investors in Binh Duong during the period, followed by the Republic of Korea, Hong Kong and Taiwan (China).
Dung said the local authorities granted investment licenses for eight new projects, three of which were from China, which specialise in producing wood products.
The province is currently considering permission for another 13 projects, he added.
According to investors, who are supplying infrastructure facilities in Binh Duong’s IPs, flows of FDI are still concentrated strongly in the locality thanks to the foundation of chains of convenient IPs.
Hang Vay Chi, the owner of Viet Huong 1 and Viet Huong 2 industrial parks, said almost all investors still speak highly of the province’s investment environment in spite of recent disturbances caused during demonstrations by workers and local people against China’s illegal act of placing its oil rig in Vietnam’s waters.
Following the provincial authorities’ moves to solve difficulties facing enterprises operating there, firms swiftly resumed their production and business, stabilising jobs for hundreds of thousands of employees.
Le Thanh Cung, Chairman of the provincial People’s Committee, said Binh Duong is making every effort to address difficulties facing businesses and will create more favourable conditions for them to operate effectively in the locality.-VNA
This is a positive sign which shows that investors still retain confidence in the investment environment in the locality and Vietnam in general.
Binh Duong has so far lured 2,255 foreign-invested projects totally valued at about 20 billion USD.
According to Director of the provincial Department of Planning and Investment Mai Hung Dung, out of the 65 million USD of FDI invested in Binh Duong in May, 43 million USD was poured into local industrial parks (IPs),
Japan topped the list of foreign investors in Binh Duong during the period, followed by the Republic of Korea, Hong Kong and Taiwan (China).
Dung said the local authorities granted investment licenses for eight new projects, three of which were from China, which specialise in producing wood products.
The province is currently considering permission for another 13 projects, he added.
According to investors, who are supplying infrastructure facilities in Binh Duong’s IPs, flows of FDI are still concentrated strongly in the locality thanks to the foundation of chains of convenient IPs.
Hang Vay Chi, the owner of Viet Huong 1 and Viet Huong 2 industrial parks, said almost all investors still speak highly of the province’s investment environment in spite of recent disturbances caused during demonstrations by workers and local people against China’s illegal act of placing its oil rig in Vietnam’s waters.
Following the provincial authorities’ moves to solve difficulties facing enterprises operating there, firms swiftly resumed their production and business, stabilising jobs for hundreds of thousands of employees.
Le Thanh Cung, Chairman of the provincial People’s Committee, said Binh Duong is making every effort to address difficulties facing businesses and will create more favourable conditions for them to operate effectively in the locality.-VNA
