At the ceremony to grant investment certificates to 19 projects in Binh Duong province. (Photo: baobinhduong.vn)
Binh Duong (VNA) – The People’s Committee of the southern province ofBinh Duong on March 12 granted investment certificates to 19 projects.
Those include two logistic and property projects jointly invested by US privateequity firm Warburg Pincus and Investment and Industrial DevelopmentCorporation (Becamex IDC) with a total registered capital of 135.2 million USDand a 25-million-USD garment and textile project of Apparel Far Eastern Co.,Ltd of Taiwan.
According to Tran Thanh Liem, Chairman of the provincial People’s Committee,together with creating a sound business climate, the province has committed tosupporting investors, removing bottlenecks and working to further improve localbusiness conditions.
In the first two months of 2018, the province attracted 435 million USD inforeign direct investment (FDI). Most of the capital was poured into theprocessing and manufacturing industry (63.2 percent) and trade and real estatesector (36.74 percent).
With a total registered investment of 30.66 billion USD, Binh Duong rankedsecond in terms of FDI attraction, accounting for 9.5 percent of the country’s FDIflow.-VNA
Southern Binh Duong province has lured nearly 1.5 billion USD in FDI in the first five months of 2017, 6.5 percent higher than the province’s target of 1.4 billion USD for the entire year, according to the provincial People’s Committee.
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At the ceremony to grant investment certificates to 19 projects in Binh Duong province.
