The arrival of FDI projects have contributed significantly toincreasing the industrial proportion of Binh Duong’s economy to 62percent at present, helping it basically meet industrialisationstandards.

The southern province of Binh Duong iscurrently leading other localities across the country in foreign directinvestment (FDI) attraction, which is described by experts as a successstory of the policies it has rolled out in favour of foreign players.

Mai Hung Dung, director of the provincial Departmentof Planning and Investment, reported that 2,295 FDI enterprises with atotal investment of nearly 20 billion USD are running in the locality,of which many have registered to add more capital.

In this year’s first half, Binh Duong lured nearly 1 billion USD in FDIwith over 600 million USD added to 56 underway projects, he said.

Notably, the Japan-invested Saigon Stec company based in theVietnam-Singapore Industrial Park 1 added additional 175 million USD toits camera circuit board production project, raising its totalinvestment to 340 million USD. The move has enabled it to produce 224million products per year, said Dung.

Le Thanh Cung,Chairman of the provincial People’s Committee, has reiterated that theprovince has regarded foreign and domestic investors alike an importantresource spurring its socio-economic development.

Over the past years, the province has worked hard to remove obstaclesfor enterprises along with constantly improving its investmentenvironment to ensure investors’ effective operations, he said.

The locality’s healthy, equal and positive environment has earned foreign investors’ trust, affirmed Cung.

In addition, a well-built comprehensive infrastructure system deserveskeen interests from investors, he stated, noting the clearance ofthousands of hectares of land to host new projects and expanded ones.

FDI projects are expected to do more for Binh Duong’sindustrialization and modernization process and further raise localpeople’s living conditions.-VNA