Hanoi (VNA) – The southern province of Binh Duong raked in 3 billion USD inforeign direct investment (FDI) last year, doubling the year’s 1.5-billion-USDplan, according to Vice Chairman of the provincial People’s Committee NguyenThanh Truc.
Binh Duong isnow home to over 3,700 FDI projects, with combined capital of 34.3 billion USD, invested by 65 countries and territories, Truc said, addingthe province ranks second in the country in foreign investment attraction.
He said lastyear’s new projects aligned with the province’s priorities and metenvironmental standards. There were many hi-tech projects with a largeregistered capital, for example, the 171-million-USD Internet service supplyproject of a joint venture between Japan’s NTT Group and Vietnam Technology& Telecommunication JSC.
Great outlookin FDI attraction remains this year as a number of projects about to getpermits have quite large capital, such as production expansion project, with anextra investment of 610 million USD, of paper producer Cheng Loong Binh DuongPaper from China’s Taiwan.The project is expected to enable the firm to produce 1 million tonnes ofindustrial paper and 50,000 tonnes of consumer papers.
The vicechairman added from 2016 – 2020, manufacturing accounted for a majority of FDIso the province has been encouraging FDI flows in trade, services and hi-tech.
In the firstfew weeks of 2020, Binh Duong has welcomed multiple groups of foreign investorsto visit and explore local business opportunities. He highlighted the visit ofPresident of Bumin Medical Group Chung Hungtae from the Republic of Korea toBinh Duong last week who said he wants to invest in healthcare in the southernprovince.
The RoK wasBinh Duong’s fifth largest foreign investor in 2019 with nearly 3.2 billion USDinjected into over 800 projects, most of which in textile and garment,footwear, automotive support industry, healthcare, beauty products and foodprocessing./.
Binh Duong isnow home to over 3,700 FDI projects, with combined capital of 34.3 billion USD, invested by 65 countries and territories, Truc said, addingthe province ranks second in the country in foreign investment attraction.
He said lastyear’s new projects aligned with the province’s priorities and metenvironmental standards. There were many hi-tech projects with a largeregistered capital, for example, the 171-million-USD Internet service supplyproject of a joint venture between Japan’s NTT Group and Vietnam Technology& Telecommunication JSC.
Great outlookin FDI attraction remains this year as a number of projects about to getpermits have quite large capital, such as production expansion project, with anextra investment of 610 million USD, of paper producer Cheng Loong Binh DuongPaper from China’s Taiwan.The project is expected to enable the firm to produce 1 million tonnes ofindustrial paper and 50,000 tonnes of consumer papers.
The vicechairman added from 2016 – 2020, manufacturing accounted for a majority of FDIso the province has been encouraging FDI flows in trade, services and hi-tech.
In the firstfew weeks of 2020, Binh Duong has welcomed multiple groups of foreign investorsto visit and explore local business opportunities. He highlighted the visit ofPresident of Bumin Medical Group Chung Hungtae from the Republic of Korea toBinh Duong last week who said he wants to invest in healthcare in the southernprovince.
The RoK wasBinh Duong’s fifth largest foreign investor in 2019 with nearly 3.2 billion USDinjected into over 800 projects, most of which in textile and garment,footwear, automotive support industry, healthcare, beauty products and foodprocessing./.
VNA
