Illustrative image. (Photo: VNA)Binh Duong(VNA) – Southern Binh Duong province has lured nearly 1.5 billion USD in FDI inthe first five months of 2017, 6.5 percent higher than the province’s target of1.4 billion USD for the entire year, according to the provincial People’sCommittee.
The province herebycame second, after Ho Chi Minh City, in FDI attraction. It is now home to morethan 2,890 FDI enterprises with a total investment of 27.1 billion USD.
Binh Duong has beenworking to draw more FDI between 2016 and 2020 in an attempt to makebreakthroughs in the fields of industry, services, and hi-tech agriculture,said Chairman of the provincial People’s Committee Tran Thanh Liem.
Liem noted that theprovince is inviting foreign investment in high-quality services, industrialsupport services, and high-value and environmentally-friendly industries.
In addition, thelocality also plans to attract over 7 billion USD in FDI and about 110,000billion VND from domestic investors, he added.
To fulfill the goals,the provincial People’s Committee will continue improving policies forinvestment attraction and better undertake measures to support enterprises andhelp them resolve difficulties.
It will put moreeffort into raising quality of human resources, enhancing public administrativereforms and improving effectiveness of state management.
The province’sindustrial production index in May rose by 7 percent from the previous monthand by 15.21 percent from the same period last year.
The index for thefirst five months of the year grew 8.21 percent year on year with manufacturingand processing up 8.18 percent and electricity production and distribution up13.48 percent.
Local CPI during theperiod gained 3.62 percent year on year.-VNA
VNA
