Binh Duong province is one of the top destinations in Vietnam for FDI. (Photo: thanhnien.vn)BinhDuong (VNA) – The southern province of Binh Duong, which is a majordestination for foreign investment in Vietnam, has been focusing on developingindustrial parks.
The parks are quickly buildingtechnical infrastructure: since the start of this year businesses have invested146 billion VNĐ (6.3 million USD) in infrastructure, 3.8 percent more than inthe same period last year.
Infrastructure work is nearingcompletion at the upcoming Vietnam - Singapore Industrial Park III, which willopen to investors in the near future.
The 1,000-hectare park, whichhas seen over 6.4 trillion VND invested in its infrastructure, is expected tobe a green industrial park, and will only house factories that are modern andenvironment-friendly.
Nguyen Thanh Truc, Vice Chairmanof the province People's Committee, said besides supporting industries, BinhDuong focuses on industries that are hi-tech, environment-friendly and havehigh value-addition.
Binh Duong is among the topthree destinations for FDI, accounting for 9.2 percent of the country's total.
Japan is the top investor amongthe 65 countries and territories that are in the province.
Hideyuki Okada, chairman of theJapanese Business Association in HCM City, said Binh Duong was one of thebest places in Vietnam for Japanese businesses.
The province attracted morethan 1.2 billion USD worth of FDI in the first nine months of this year, withnearly 70 percent invested in industrial parks./.
