Southern Binh Duong province attracts more FDI
The southern province of Binh Duong has attracted more than 3,430 FDI projects with a combined registered capital of over US$31.4 billion by the end of September 2018, ranking among the top three in the country in FDI attraction, after Ho Chi Minh City and Hanoi.
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Inside an FDI firm in Binh Duong province
(Photo: baodautu.vn) |
The province’s road infrastructure and its 29 industrial parks have also developed strongly in recent years.
Last year, FDI companies contributed 48.5% to the province’s investments and over 82.8% of its exports, according to Truc.
Binh Duong is the newest member of the World Technopolis Association which helps members apply advanced technologies in regional development.
Tran Thanh Liem, Chairman of the provincial People’s Committee, said that membership in the association would help Binh Duong improve its technology capability and become a smart city.
Nguyen Van Hung, chairman of the board of directors of Becamex IDC Corp - a Binh Duong-based conglomerate - said the province’s reputation as an attractive area for investment has lured many multinationals.
For instance, the industrial parks of a joint-venture between Singapore-based Sembcorp Development (which specialises in urban development) and Becamex IDC have attracted over US$9 billion from 630 businesses in 60 countries and territories.
