Processing, manufacturing industries take lead in FDI attraction

The province in the first half of 2020 absorbed US$557million in FDI attraction, down 43.7% compared to the same period last year.

Particularly, there were 59 newly-established businesses, down 44.3% in number and up 49.4% in capital compared to the same period last year and 57 extra-ones with US$243.9million.

Among 17 countries, territories with new investment in the province during the period, Hongkong (China) ranked first with total registered capital of US$83.9million. It was followed by Singapore with US$61.4million, China with US$50.2million…So far, the whole province has had a total of 59 FDI projects capitalized at US$853.3million. The province’s manufacturing and processing industries continued leading FDI attraction with 43 newly-registered projects, 54 extra-ones with US$476million while services lured 4 newly-registered projects with US$39.6million.

Reported by N.Thanh-Translated by K.T

• Local real estate market strongly attracts foreign investors (20/04)
• HCM City moves towards Net Zero (19/04)
• Further setting up project on entrusting loans to officials, civil servants and public employees for buying social housing apartments (19/04)
• Firm steps of reforms (19/04)
• To test try consensus of moving enterprises north, Binh Duong province (19/04)
• Provincial enterprises are ready to join the global supply chain (19/04)
• Exhibition aims to foster cooperation in smart urban development (18/04)
• Strengthening support for German enterprises to invest in Binh Duong (17/04)