Business

Binh Duong aims for 1.4 billion USD in 2017 FDI attraction

Binh Duong province has set a target of attracting at least 1.4 billion USD in FDI in 2017, prioritising projects with high technology and large-scale ones on urban and service development.
Binh Duong aims for 1.4 billion USD in 2017 FDI attraction ảnh 1Illustrative image (Source: VNA)
Binh Duong (VNA) – The southern province ofBinh Duong has set a target of attracting at least 1.4 billion USD in foreigndirect investment (FDI) in 2017, prioritising projects with high technology andlarge-scale ones on urban and service development.

According to Nguyen Thanh Truc, Director of the provincialDepartment of Planning and Investment, the province has seen good signals inluring FDI this year, with 696.3 million USD flowing in in January.

Major projects llicensed in the first month of 2017 includethe Vietnam-Singapore Industrial Park III with an investment of 284.75 millionUSD, and an automobile tire cord and airbag factory worth 220 million USDinvested by the Republic of Korea’s Kolon Industry Inc in Bau Bang industrialpark.

As of present, Binh Duong is home to more than 2,800 FDIprojects worth 25.5 billion USD, becoming one of the five leading localities inFDI attraction.

In 2016, Binh Duong saw over 2 billion USD being poured in240 new projects and 123 existing ones, equivalent to 145 percent of itstarget. Most new projects were in the fields of manufacturing and processingindustries and service.

Japan, Singapore and the Republic of Korea were threecountries with highest investment in Binh Duong during the year.

FID enterprises in Binh Duong paid over 9.09 trillion VND(399.4 million USD) of tax, reaching 100.3 percent of estimate and equivalentto 112.5 percent of that in 2015.-VNA
VNA
#Binh Duong#FDI#foreign direct investment#high technology
Follow VietnamPlus

Related News

Binh Duong expected to become driving force of national economy

Binh Duong expected to become driving force of national economy

The Government expects the southern province of Binh Duong to become a strong driving force of the national economy, which drives the growth of the whole country as well as key economic regions, said Prime Minister Nguyen Xuan Phuc at a working session with provincial leaders on January 1.
FDI to Vietnam to increase, say officials

FDI to Vietnam to increase, say officials

Foreign direct investment (FDI) inflow to Vietnam is expected to increase in 2017, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment.
175 new projects get licences in January

175 new projects get licences in January

As of January 20, 175 new projects were licenced with a total investment of 1.244 billion USD, a rise of 23 percent over the same period last year, according to the Ministry of Planning and Investment Investment’s Foreign Investment Agency.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.