The arrival of FDI projects have contributed significantly to increasing the industrial proportion of Binh Duong’s economy to 62 percent at present, helping it basically meet industrialisation standards.
The southern province of Binh Duong is currently leading other localities across the country in foreign direct investment (FDI) attraction, which is described by experts as a success story of the policies it has rolled out in favour of foreign players.
Mai Hung Dung, director of the provincial Department of Planning and Investment, reported that 2,295 FDI enterprises with a total investment of nearly 20 billion USD are running in the locality, of which many have registered to add more capital.
In this year’s first half, Binh Duong lured nearly 1 billion USD in FDI with over 600 million USD added to 56 underway projects, he said.
Notably, the Japan-invested Saigon Stec company based in the Vietnam-Singapore Industrial Park 1 added additional 175 million USD to its camera circuit board production project, raising its total investment to 340 million USD. The move has enabled it to produce 224 million products per year, said Dung.
Le Thanh Cung, Chairman of the provincial People’s Committee, has reiterated that the province has regarded foreign and domestic investors alike an important resource spurring its socio-economic development.
Over the past years, the province has worked hard to remove obstacles for enterprises along with constantly improving its investment environment to ensure investors’ effective operations, he said.
The locality’s healthy, equal and positive environment has earned foreign investors’ trust, affirmed Cung.
In addition, a well-built comprehensive infrastructure system deserves keen interests from investors, he stated, noting the clearance of thousands of hectares of land to host new projects and expanded ones.
FDI projects are expected to do more for Binh Duong’s industrialization and modernization process and further raise local people’s living conditions.-VNA
The southern province of Binh Duong is currently leading other localities across the country in foreign direct investment (FDI) attraction, which is described by experts as a success story of the policies it has rolled out in favour of foreign players.
Mai Hung Dung, director of the provincial Department of Planning and Investment, reported that 2,295 FDI enterprises with a total investment of nearly 20 billion USD are running in the locality, of which many have registered to add more capital.
In this year’s first half, Binh Duong lured nearly 1 billion USD in FDI with over 600 million USD added to 56 underway projects, he said.
Notably, the Japan-invested Saigon Stec company based in the Vietnam-Singapore Industrial Park 1 added additional 175 million USD to its camera circuit board production project, raising its total investment to 340 million USD. The move has enabled it to produce 224 million products per year, said Dung.
Le Thanh Cung, Chairman of the provincial People’s Committee, has reiterated that the province has regarded foreign and domestic investors alike an important resource spurring its socio-economic development.
Over the past years, the province has worked hard to remove obstacles for enterprises along with constantly improving its investment environment to ensure investors’ effective operations, he said.
The locality’s healthy, equal and positive environment has earned foreign investors’ trust, affirmed Cung.
In addition, a well-built comprehensive infrastructure system deserves keen interests from investors, he stated, noting the clearance of thousands of hectares of land to host new projects and expanded ones.
FDI projects are expected to do more for Binh Duong’s industrialization and modernization process and further raise local people’s living conditions.-VNA
