Binh Duong grants 19 investment certificates
16:24 | 13/03/2018

VGP -  The Binh Duong provincial People’s Committee granted investment certificates to 19 projects yesterday so far this year, including 15 foreign direct investment (FDI) projects

The major projects included two  on logistics services and industrial real estate, industrial real estate project of Warburg Pincus Finance Corporation and Becamex IDC Corp (Bau Bang and My Phuoc 3 Industrial Park) with total capital of US$ 135.2 million, the Far Eastern Export Clothing Factory Project with total investment capital of US$ 25 million; the factory project of Liang Chi Viet Nam Co., Ltd with total capital of nearly US$ 6 million…

Chairman of the Binh Duong People’s Committee Tran Thanh Liem said the improvement and transparency in the province’s investment climate helped increase investors’ trust and strengthen their long-term investment commitment.

Binh Duong Province is Viet Nam’s second biggest magnet for foreign investment after HCM City. The province has attracted $435 million worth of foreign capital in the first two months, including 31 newly-granted investment certificates with total registered capital of $233 million, an additional capital of $141.5 million for 13 existing projects, and nearly $60 million capital contributed by foreign investors. 

The manufacturing and processing industries are ranked first in the list of investment attraction with total capital of US$ 274 million. 

The Netherlands is the biggest investor of Binh Duong with total capital of US$ 135.8 million, and the Republic of Korea and Taiwan are the second and third biggest investors in the province respectively.  

The People’s Committee of Binh Duong signed a memorandum of understand (MOU) about cooperation to organize the World Technopolis Association (WTA) and a contract for rent to expand the Bau Bang Industrial Park.

                                                                                                                                By Vien Nhu

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