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Binh Duong grants 19 investment certificates

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

March 13, 2018 4:24 PM GMT+7

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