Over US$530 mln in FDI lands in Binh Duong

The People’s Committee of southern Binh Duong province granted investment licenses to 38 foreign direct investment (FDI) projects in the locality on October 23, including 23 newly-licensed and 15 already-operational projects, worth a total of US$531.8 million. 

This is the third wave of grants this year. 

Chief among the new projects are the US$50-million Samoa wood factory in the Thanh An industrial cluster in Dau Tieng district, the US$18-million CLK cold storage company from Japan and the US$12-million factory of Taiwan-based Vistarr Sports Ltd Co. 

An extra US$130 million was poured into the Vina Kraft Paper Ltd Co. in Ben Cat district while the Chanh Duong Paper Ltd Co. added more US$74 million in investment. 

Binh Duong has lured more than US$1.63 billion in FDI during the first 10 months of this year, an annual growth of 40%. 

FDI projects this year include 165 newly-licensed and 107 existing ones, most of which are located in industrial parks. 

The province is now home to approximately 2,550 FDI projects with a combined investment of over US$22 billion.

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