About 1,000 of 5,000 Taiwanese enterprises in Vietnam are operating in Binh Duong province, and they highly value the improved investment climate in the southern province, an executive from Taiwan (China) has said.

Soddy Huang, Vice President of the Association of Taiwan Investment Enterprises on the mainland China, made the remark on June 24, when his Kingtec Group signed a contract renting 16 hectares of land in Binh Duong to build a factory.

When operational, the plant, with its first phase worth 30 million USD, in My Phuoc No.3 Industrial Park will manufacture lighting devices of all kinds for export.

At the signing ceremony, Chairman of the Binh Duong People’s Committee Le Thanh Cung pledged best possible conditions for Kingtec to expand its operation.

In the first half of 2014, Binh Duong attracted 990 million USD of foreign investment from 74 new and 60 existing projects, fulfilling 99 percent of its yearly plan.

Currently, there are 2,305 foreign businesses in the province with a total registered capital of nearly 20 billion USD.-VNA