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Binh Phuoc remains attractive to foreign investors

The southern province of Binh Phuoc has so far this year attracted 224 foreign-invested projects,with over 2.2 billion USD of FDI disbursed.
Binh Phuoc remains attractive to foreign investors ảnh 1 An animal feed factory is being built in Becamex Binh Phuoc industrial park, which is scheduled to be put into operation in April 2020 (Photo: VNA)
Binh Phuoc (VNA) – The southern province of Binh Phuochas so far this year attracted 224 foreign-invested projects, with over 2.2billion USD of FDI disbursed.

Vo Dang Khoa, Director of the provincial Centre for Tradeand Investment Promotion, said that investors are focusing on many projects inprocessing, which is a good sign in the locality’s investment attraction.

Notably, an animal feed factory is being built in Becamex BinhPhuoc industrial park at a cost of 157.6 million USD, which is scheduled to beput into operation in April 2020.

Khoa said that the province prioritises projects in supportindustry and processing, especially cashew processing for export, as well ashigh technology agriculture.

Alongside, the province has also called for investment totrade, tourism and urban development, he said.

According to the official, the administrative reform of theprovince has been sped up, creating a smooth investment environment for businesses.He added that currently, the province can process and issue investment licenceto businesses within only 24 hours.

In the first nine months of 2019, Binh Phuoc saw theestablishment of 829 new firms with a combined registeredcapital of nearly 9 trillion VND (387 million USD)./.
VNA

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