Binh Duong province has made every effort to improve its infrastructureand administrative formalities so as to attract more foreign investors,said chairman of the provincial People's Committee, Nguyen Hoang Son.
The province had also taken advantage of its geography and offered incentives to lure foreign invested projects.
The province attracted more than 846 foreign invested projects withregistered capital reaching 7.3 billion USD between 2005 and 2010,bringing the total number of projects in the province to date to 1,966capitalised at 13.5 billion USD, said Son.
Investorsinclude Korean tyre manufacturer Kumho Asian Group, with a totalinvestment capital of 360 million USD and Thailand 's Siam CementGroup, which specialises in producing packages, with a total investmentcapital of 140 million USD. Malaysian property developer SP Setia BerhadGroup invested 620 million USD in the My Phuoc eco-urban project and a60 million USD beverage factory was financed by Japan 's Kirin AcecookVietnam .
The strong attraction for foreigninvested projects was a positive sign, as it made a very importantcontribution to the province's economic development and generated highindustrial value, said director of the Department of Planning andDevelopment Huynh Van Trai.
Local authorities haveworked with vocational schools to train skilled workers to meet thegreater labour demands that come with more foreign invested projects.
Paik In Ki, chairman of the Republic of Korea ’sFinancial Investment Association in Binh Duong, said foreign investoswere pleased to invest in the province as they could see goodinfrastructure and good support from local authorities which helpedinvestors to be successful. His company would continue to act as abridge to provide other Korean businesses with a deep understanding ofthe province's investment climate and raise their investment in theprovince.
Binh Duong has developed 28 industrial parks covering 8,751ha.
Prominent projects in the province include the 3.5 trillion VND (179.5million USD) My Phuoc-Tan Van road, which is currently underconstruction. The road will be a major transportation route tointernational airports and seaports.
Kang Myong Jun,diretor of DJV Ltd Co, Automotive Manufacturing & Wholesales-Parts,Automotive Repair & Service, said apart from good infrastructure,other facilities such as accommodation and urban areas were alsoimportant for luring foreign investors./.
The province had also taken advantage of its geography and offered incentives to lure foreign invested projects.
The province attracted more than 846 foreign invested projects withregistered capital reaching 7.3 billion USD between 2005 and 2010,bringing the total number of projects in the province to date to 1,966capitalised at 13.5 billion USD, said Son.
Investorsinclude Korean tyre manufacturer Kumho Asian Group, with a totalinvestment capital of 360 million USD and Thailand 's Siam CementGroup, which specialises in producing packages, with a total investmentcapital of 140 million USD. Malaysian property developer SP Setia BerhadGroup invested 620 million USD in the My Phuoc eco-urban project and a60 million USD beverage factory was financed by Japan 's Kirin AcecookVietnam .
The strong attraction for foreigninvested projects was a positive sign, as it made a very importantcontribution to the province's economic development and generated highindustrial value, said director of the Department of Planning andDevelopment Huynh Van Trai.
Local authorities haveworked with vocational schools to train skilled workers to meet thegreater labour demands that come with more foreign invested projects.
Paik In Ki, chairman of the Republic of Korea ’sFinancial Investment Association in Binh Duong, said foreign investoswere pleased to invest in the province as they could see goodinfrastructure and good support from local authorities which helpedinvestors to be successful. His company would continue to act as abridge to provide other Korean businesses with a deep understanding ofthe province's investment climate and raise their investment in theprovince.
Binh Duong has developed 28 industrial parks covering 8,751ha.
Prominent projects in the province include the 3.5 trillion VND (179.5million USD) My Phuoc-Tan Van road, which is currently underconstruction. The road will be a major transportation route tointernational airports and seaports.
Kang Myong Jun,diretor of DJV Ltd Co, Automotive Manufacturing & Wholesales-Parts,Automotive Repair & Service, said apart from good infrastructure,other facilities such as accommodation and urban areas were alsoimportant for luring foreign investors./.
