Binh Phuoc enjoys impressive growth in FDI attraction
The southern province of Binh Phuoc has attracted 11 investment projects totalling US$100 million in the first quarter of 2018, approximately equal to this year’s target.
 |
The figures represented year-on-year rises of 175% in the number of projects and 912% in capital.
Secretary of the provincial Party Committee Nguyen Van Loi on April 5 attributed the positive results to effective investment promotion measures.
The province plans to organise a large-scale investment promotion programme in May to attract more domestic and foreign investors.
Since the beginning of this year, there were 221 newly-established enterprises with a registered capital of VND3.5 trillion (US$153.3 million).
Although it saw a breakthrough in investment attraction, the province was ranked 62nd out of the 63 localities in terms of provincial competition index.
Loi asked for drastic measures to improve the position in the time ahead.
