Binh Duong attracts over 1.2 bln USD in FDI in seven months
The southern province of Binh Duong attracted over 1.2 billion USD in foreign direct investment (FDI) from January-July, surpassing the yearly target of one billion USD.
Workers assemble garment products at Toyotsu Vehitecs Vietnam, a wholly Japanese-invested enterprise in southern Binh Duong province (Photo: VNA)
The southern province of Binh Duong attracted over 1.2 billion USD in foreign direct investment (FDI) from January-July, surpassing the yearly target of one billion USD.
During the period, the locality welcomed 119 new investment projects and increased the allocated capital to 79 existing ventures, according to the provincial People’s Committee.
In July alone, the province lured 631 million USD in FDI, including 33 newly-licensed projects worth 363 million USD and 20 operations adding more 268 million USD.
Binh Duong is currently ranked second across the country in FDI attraction.-VNA
In the first half of this year, while newly registered and additional foreign direct investment (FDI) capital sharply declined compared to the same period last year, FDI disbursement increased by 0.9 percent, the Vietnam Economic News reported.
Processing and manufacturing industries have attracted the most foreign direct investment (FDI) capital so far this year, with 448 newly-licensed projects and a new registered and additional capital of 6.66 billion USD, accounting for about 70 percent of the total FDI.
The People’s Committee of southern Binh Duong province on September 16 granted investment certificates for 37 domestic and foreign projects with a combined capital of 380 million USD.
The processing industry in the southern province of Binh Duong generated 130 trillion VND (nearly 6.2 billion USD) during this years’ first three quarters, up by 13.6 percent compared to last year, turning the locality into Vietnam’s processing hub.
Authorities in southern Binh Duong province hosted a ceremony on April 10 to grant licenses to 28 foreign direct investment (FDI) projects worth 304 million USD, including 20 new and 8 added capital projects.
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Workers assemble garment products at Toyotsu Vehitecs Vietnam, a wholly Japanese-invested enterprise in southern Binh Duong province (Photo: VNA)
