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Over 530 mln USD in FDI lands in Binh Duong

The People’s Committee of southern Binh Duong province granted investment licenses to 38 foreign direct investment (FDI) projects in the locality on October 23.
Over 530 mln USD in FDI lands in Binh Duong ảnh 1Garment production at a factory in Binh Duong-based Vietnam-Singapore Industrial Park. (Photo: VNA)

The People’s Committee of southern Binh Duong province granted investment licenses to 38 foreign direct investment (FDI) projects in the locality on October 23, including 23 newly-licensed and 15 already-operational projects, worth a total of 531.8 million USD.

This is the third wave of grants this year.

Chief among the new projects are the 50-million-USD Samoa wood factory in the Thanh An industrial cluster in Dau Tieng district, the 18-million-USD CLK cold storage company from Japan and the 12-million-USD factory of Taiwan-based Vistarr Sports Ltd Co.

An extra 130 million USD was poured into the Vina Kraft Paper Ltd Co. in Ben Cat district while the Chanh Duong Paper Ltd Co. added more 74 million USD in investment.

Binh Duong has lured more than 1.63 billion USD in FDI during the first 10 months of this year, an annual growth of 40 percent.

FDI projects this year include 165 newly-licensed and 107 existing ones, most of which are located in industrial parks.

The province is now home to approximately 2,550 FDI projects with a combined investment of over 22 billion USD.-VNA

VNA
#Binh Duong #investment licenses #FDI #foreign direct investment #projects #2013 #third wave of grants Binh Duong
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