Licenses granted to 28 FDI projects in Binh Duong

Authorities in southern Binh Duong province hosted a ceremony on April 10 to grant licenses to 28 foreign direct investment (FDI) projects worth US$304 million, including 20 new and 8 added capital projects.

These projects contributed to bringing the number of foreign-invested projects in the locality in the last quarter to 85, valued at US$402 million.

A number of high-value projects are in the motorbike and bicycle industries, sports equipment, electronic spare parts and beverages.

Speaking at the ceremony, Chairman of the provincial People’s Committee Tran Van Nam highlighted the important role played by businesses in promoting the locality’s socio-economic development.

He stated that local authorities will design measures to improve the investment climate and reform administrative procedures, thus facilitating investment project operations and drawing more foreign investors.

They will also pay attention to investing in the construction of infrastructure systems to meet investor demand while intensifying investment promotion activities, targeting projects using advanced technology and manufacturing high added-value products.

So far, as many as 2,440 FDI projects with a combined capital of US$20.8 billion have operated in Binh Duong. The province aims to attract US$1 billion in FDI in 2015.