Business

FDI channeled into Binh Duong quadruples

Foreign direct investment (FDI) flowing into the southern province of Binh Duong neared 1.8 billion USD in the first four months of this year, four times higher than in 2021.
FDI channeled into Binh Duong quadruples ảnh 1Illustrative photo (Source: VNA)
Binh Duong (VNA) - Foreign direct investment (FDI) flowinginto the southern province of Binh Duong neared 1.8 billion USD in the firstfour months of this year, four times higher than in 2021.

Local industrial parks attracted more than 9.2 trillion VND (400.55million USD) in domestic investment, an annual increase of more than fivetimes.

To date, Binh Duong's industrial parks are home to 3,014 valid projects. Of thetotal, there are 2,340 FDI projects worth nearly 28 billion USD, channeledmainly in the production sector.

Among the investors, Nitto Denko Vietnam Co., Ltd., whichspecialises in manufacturing electronic components, has increased its capitalby 99 million USD to produce and process integrated circuit products this year.

Meanwhile, Accasette Garment Company Limited in SongThan 3 industrial park raised its capital by 14 million USD to promoteproduction and export of fashion and sports clothing.

According to Nguyen Thanh Nhan, Deputy Head of the Binh DuongIndustrial Zones Authority, the results showed that after the COVID-19 pandemic, business and production activities have returned to normal, creating favorable conditions for domestic and foreignenterprises to confidently pour capital into goods production and exports./.

VNA
#FDI #Binh Duong #Binh Duong's industrial parks #Nguyen Thanh Nhan #vietnam #vietnam news agency #vietnamplus Binh Duong
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