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Binh Duong takes lead in foreign investment attraction

The People’s Committee of southern Binh Duong province lured 1.344 billion USD in foreign-invested projects in the period from the beginning of this year to March 15, leading the country in foreign investment attraction.
Binh Duong takes lead in foreign investment attraction ảnh 1Investors receives investment licences from the leader of the Binh Duong province's People's Committee. (Source: VNA)

Binh Duong (VNA) – The People’s Committee of southern Binh Duong province lured1.344 billion USD in foreign-invested projects in the period from the beginningof this year to March 15, leading the country in foreign investment attraction.

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Of the investments, 793 million USD comes from 43 new projects and theremaining is from the capital adjustment of 14 existing projects.

A ceremony to grant investment licences was held at the province’sadministrative centre building on March 22.

At the ceremony, 21 projects with a combined capital of 1.308 billion USD weregranted with investment licences, including 10 newly-registered foreign directinvestment (FDI) projects with a total registered capital of 740.7 million USD.

The provincealso granted licences to eight existing FDI projects with additional 536.1million USD and three new domestic others worth 740 billion VND (32.8 millionUSD).

Speaking at theevent, Chairman of the Binh Duong People’s Committee Tran Thanh Liem affirmed theprojects granted with investment licences this time are specific manifestationfor investors’ confidence and long-term commitment to the province.

Binh Duongcontinues improving its investment environment, boosting administrativeprocedure reform and raising its provincial competitiveness capacity whileimplementing flexible solutions to support and facilitate businesses’operations, he pledged.

The province has to date had 2,892 foreign invested projects with a totalinvestment of over 27 billion USD. It ranks second in the country’s foreigninvestment attraction after Ho Chi Minh City.

In 2016, BinhDuong ranked fourth out of 63 provinces and cities in terms of the ProvincialCompetitiveness Index launched by the Vietnam Chamber of Commerce andIndustry.-VNA
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