FDI IN BINH DUONG UP 81%

The total registered Foreign Direct Investment (FDI) poured in the southern province of Binh Duong over the recent months of 2019 saw a year-on-year increase of 81%, reaching US$2.424 billion.

The information was released at a report presented by Chairman of Binh Duong Province’s People’s Committee Tran Thanh Liem at the FDI Business Dialogue on September 24.

Accordingly, as many as 3,674 FDI projects, worth US$33.7 billion, were granted with investment certificates in the province. Binh Duong Province ranked second in the country (after Ho Chi Minh City) in attracting the FDI.

As of September 2019, 817 new firms were set up in the province while the Index of Industrial Production (IIP) rose 9.12%.

The province gained US$19.767 billion from exporting commodities to 88 nations and territories, up 13.2% against the same period last year.

The province has become a prioritized destination for foreign and domestic investors, especially ones from Japan, the Republic of Korea, Singapore, Chinese Taipei and the U.S.

Currently, Binh Duong Province has launched the investment attraction innovation program in 2016-2020 period, focusing on attracting investment from potential and big economic corporations as well as investment in industrial parks and auxiliary industry.

Source: VGP