Business

More investment projects licensed in Binh Duong

The People’s Committee of the southern Binh Duong province on August 27 held a ceremony to grant licences to 23 foreign direct investment (FDI) projects and two domestic ones, with total capital worth nearly 220 million USD.
The People’s Committee of the southern Binh Duong province on August 27held a ceremony to grant licences to 23 foreign direct investment (FDI)projects and two domestic ones, with total capital worth nearly 220million USD.

Among the projects, 12 are invested by Japanese businesses.

Several projects with large investment capital include a new paperpackaging plant of Japan’s Tomuku company valued at 47.6 millionUSD and Amway Vietnam’s 21.1 million USD investment for a functionalfood factory.

By August 15, the province attracted atotal of 2,174 FDI projects with aggregate capital of over 18 billionUSD. Many large corporations are interested in Binh Duong and want toinvest in real estate and services rather than industrial manufacturing.

Binh Duong People’s Committee Chairman Le Thanh Cungsaid the province plans to call for investment in hi-tech industries andsupport industries serving garment and textile, footwear and woodwork,as well as in services such as education, health care, finance andbanking.

A host of measures is being implemented toattract investment, including favourable infrastructure and investingenvironment, Cung said, adding that the province is streamliningadministrative procedure and quickly deal with arising difficulties tofacilitate businesses’ operations.

Binh Duong also focuses on developing social housing for workers and people on low income, he added.-VNA
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