Business

Binh Duong IPs attracts over 840 million USD of FDI in nine months

Local industrial parks (IP) in the southern industrial hub of Binh Duong lured 840.5 million USD of investment in the first nine months of 2020, according to the Management Board of Binh Duong IP.
Binh Duong IPs attracts over 840 million USD of FDI in nine months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Local industrial parks (IP) in thesouthern industrial hub of Binh Duong lured 840.5 million USD of investment inthe first nine months of 2020, according to the Management Board of Binh DuongIP.

The figure accounted for 67.9 percent of the total foreigndirect investment (FDI) of the whole province in the period.

In the period under review, the locality saw 75newly-licenced projects, along with the addition of capital to 56 underwayprojects, and 157 share purchase deals.

Major projects included one in real estate worth 78 millionUSD invested by H9BC Investment, another worth 30 million USD by Singapore’sSung Shin Tech Limited, and a 20 million USD one by Singapore’s Ever GiantInternational Provate Limited.

In order to complete the duo-target of preventing thespreading of COVID-19 pandemic and boosting economic development, the People’sCommittee of Binh Duong has issued regulations on receiving foreign experts tothe locality for short-term working, thus meeting the demand of skilled workers in the province./.
VNA
#Binh Duong#industrial parks (IP)#foreign direct investment (FDI)#COVID-19 pandemic#Vietnam#Vietnam news#Vietnam News Agency
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