Binh Duong (VNA) –The southern industrial hub of Binh Duong reported 3,889 new firms in theJanuary-September period, which pumped a total of 34.8 trillion VND (1.53billion USD) in registered capital into the local economy.

The figures representedincreases of 43.7 percent in the number of firms and 69.3 percent in capitalamount on a yearly basis.

Among the new firms, 3,753 aredomestic firms and 136 are foreign-invested.

Sectors with the highest numberof new firms are metal product makers with 214 enterprise, mechanicalengineering and galvanizing also with 214 enterprises, and wood and woodproducts with 103 enterprises.

The garment and textile industrysaw the entrance of 73 new firms, while chemicals and rubber-plastic industrieseach had 44.

In the same period, 326enterprises suspended operation, up 5 percent from last year, and 207dissolved, a rise of 33.5 percent. Most of those enterprises are of small andmedium sizes.

As of present, Binh Duong ishome to more than 29,000 enterprises, with total registered capital estimatedat over 200 trillion VND (8.8 billion USD). The province has set the target ofhave 23,000 more firms during the five-year period from 2016 to 2020.

Also in the first nine months ofthe year, Binh Duong attracted 148 new projects valued at a total of 1.165billion USD.

Another 87 projects addedcapital of 765 million USD, bringing the total FDI inflow in the period tonearly 1.97 billion USD, a jump of 27 percent compared with the same periodlast year.

 Binh Duong has a total of nearly 3,000 FDIprojects, worth over 27.7 billion USD from 60 countries and territories.-VNA