Province accelerates FDI attraction right from early year

Update: 18-02-2017 | 14:44:33

The FDI flow into Binh Duong has increased constantly, thanks to the local investment climate regularly improved. According to statistics, Binh Duong in January 2017 saw robust growth in FDI capital, surpassing HCM city. This is a very satisfactory sign for the local FDI attraction in the coming time.

Leading country in FDI attraction

In 2016, Binh Duong continued effectively realizing trade promotion and investment attraction. This helped it reach an increase in the number of newly-registered enterprises and total registered capital. The province also bent on taking solutions to improve the local investment climate, promote production and support enterprises.

Defining that FDI attraction is a major task for development, provincial People’s Committee and Party Committee over the past time instructed the whole political system together with people from all strata to join hands to improve the local investment climate. Upon this, all investors have felt satisfactory with the province’s investment attractive policies. Leaders of provincial People’s Committee have also offered timely help to enterprises, making them feel secure for production expansion…

According to the latest statistics announced by the General Statistics Office, Binh Duong in January 2017 led the country in FDI attraction with registered capital of US$666.2million or 53.6% of total. It was followed by Bac Giang with US$159.5million or 12.8% of total; Ba Ria-Vung Tau with US$108.7million or 8.7% of total; HCM city with US$75.2million or 6% of total; Hai Duong with US$61.8million or 5% of total; Tay Ninh with US$32million or 2.6%; Ha Noi with US$30million or 2.4% of total…

FDI attraction promoted

In 2016, Binh Duong drew more than US$1.88billion in FDI capital. The whole province is now home to 2,808 FDI projects capitalized at US$25.5billion. Thus, Binh Duong is still among the country’s top five localities in FDI attraction with the FDI capital amount on rise. The province has also absorbed many large-scale projects, promising great changes on socio-economic infrastructure in the coming time.

To achieve the above-mentioned results, leaders of Binh Duong was very consistent with the point of view that development requires acceleration of industrialization in association with tapping available advantages. The province also attached special importance to making planning for infrastructure in terms of traffic, urban areas, information-telecommunications, electricity, water…in a modern and synchronous way; coordinated with localities in the southern key economic zone to uphold the investment efficiency of the whole zone, thereby facilitating investors’ development.

Whilst, investors of province-based industrial parks coordinated with provincial leaders and relevant agencies to effectively realize investment promotion. They gave priority to calling for investors from Japan, the U.S, South Korea, Hongkong, Taiwan…to make investment in projects using few laborers, saving energy or in the fields of precise mechanism, electricity, electronics…

Tran Thanh Liem, Vice-Secretary of provincial Party Committee, Chairman of provincial People’s Committee said that the province will bend on realizing a series of solutions to improve the local investment climate. Accordingly, the province will attach special importance to developing modern and synchronous infrastructure, creating favorable conditions for investors to work. The province will also continue building and expanding industrial parks under its scheme on adjustment of industrial parks till 2020 approved by the Prime Minister; strengthen investment promotion, administrative reform in order to absorb more FDI capital…

Reported by Khanh Vinh-Translated by K.T

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Province accelerates FDI attraction right from early year

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