Binh Phuoc attracts over 25 million USD in foreign investment

Workers at a factory in Binh Phuoc province. (Source: thoibaotaichinhvietnam.vn)

Binh Phuoc (VNA) – The southeastern province of Binh Phuoc has attracted 25.17 million USD in foreign direct investment (FDI) in the first seven months this year, according to the provincial Department of Planning and Investment.

Of which, the Republic of Korea has six projects with a combined capital of 10.36 million USD, followed by China with four projects and a total investment of 6.65 million USD and the United Kingdom with one 6.66 million USD project.

As of now, the province has 149 FDI projects still in validity with a combined investment capital of 1.12 billion USD, 114 of which with a total capital of 906 million USD are in industrial parks and 35 projects worth a total of 212 million USD are outside industrial parks.

FDI projects have used 1,100 new labourers and contributed 2.4 million USD to the province’s budget in the first half of this year.

They are estimated to earn a combined revenue of 1.66 million USD in 2016, which shows a 6-percent rise from 2015 and add about 5.7 million USD to the local coffer.

According to the department, the province will continue creating favourable conditions to attract more foreign investments.-VNA