Since early 2014, Binh Duong has continued absorbed more FDI projects. This shows that Binh Duong’s investment climate is very favorable for enterprises to effectively work and decide to make their long-term investment herein. In 2014, Binh Duong further enjoys  a lot of advantages, especially starting construction and development of Binh Duong new city has created more motivation for the province’s FDI attraction… 

Electronic circuits being manufactured at a Japanese company in the My Phuoc Industrial Park

FDI attraction animated from the beginning of the year

Since early 2014, Binh Duong’s investment attraction has continued reaching positive results. Particularly, the province has absorbed additional 19 FDI projects with a total registered capital of more than US$380mln and 4 extra-ones with more than US$300mln. With the result, the province’s FDI attraction has reached nearly 70% of the year’s plan.

Thus, the province has so far lured nearly 2,230 FDI projects with a total investment capital of more than US$19.4bln. There is a diversification of business scopes, ranging from industrial manufacture, trade-service to urban development, real estate…

The province has also lured additional FDI projects with hi-tech industries with great competitiveness. Among them, there are many with great investment capital, including South Korea’s Nexfil Co. with US$30mln; Japan’s Tanaka Ai Viet Co.Ltd. with US$20mln; Japan’s Yamazaki Vietnam Co.Ltd. with US$15mln…

In the face of such favorable investment climate, many FDI enterprises in the province have decided to raise their investment capital for production expansion. For example, Thailand’s Kraft Vina Co.Ltd. in the My Phuoc 3 Industrial Park poured additional US$150mln into production to meet domestic and foreign markets’ demand. The company has worked very effectively since its factory with a total investment capital of US$180mln was put into operation in 2010.

Many enterprises have also expressed their faith on Binh Duong’s investment climate from administrative procedures to infrastructure. Specially, province-based industrial parks have been built in a logical and synchronous way, creating favorable conditions for enterprises’ development.

According to Mr.Fabrice Mauries, Consul General of France in Ho Chi Minh City, Binh Duong has a favorable investment climate. And he believes that enterprises from France and other European countries will make more investment in Binh Duong. Whilst, Mr.Tri Surya, Consul General of Indonesia in Ho Chi Minh City said: “We respect Binh Duong’s goodwill of calling for investment. Currently, several tens of Indonesia’s projects are invested in Binh Duong and they are appreciated as overseas projects with success. In the coming time, we will introduce Binh Duong to more Indonesian enterprises…”.

More opportunities for enterprises

Binh Duong has continued absorbing more FDI projects and extra-ones. This is a positive sign that Binh Duong’s investment climate is still attractive to investors. Binh Duong has also always gone along with enterprises and seen their success as the local success.

So far, Binh Duong has built a synchronous investment system; attached special importance to training hi-quality human resources; focused on reforming administrative procedures; helped enterprises remove their difficulties, creating favorable conditions for their production and business.

To welcome opportunities from the Trans-Pacific Strategic Economic Partnership Agreement, many enterprises have planned to make investment in Binh Duong. Binh Duong has also prepared many necessary things for this, including setting up a section specialized in garment-textile in Bau Bang industrial park with more than 300 hectares.

Noticeably, Binh Duong new city has created a breakthrough in the province’s FDI attraction. The province has granted investment certificates to a series of new FDI projects in Binh Duong new city and many others herein have also been allowed to raise their investment capital right from early 2014. This is seen as a positive sign from the effective interaction between Binh Duong New City and investors.

A ceremony starting construction and development of Binh Duong new city and inaugurating the Integrated Administration Center will be held on February 20 ahead. This is a great and significant event and it is also a firm foundation for investors to believe in Binh Duong’s synchronous infrastructure development, helping them feel secured for investment herein. According to Le Thanh Cung, Chairman of provincial People’s Committee, this significant event will also open many opportunities for investors…

Reported by T.Minh-Translated by K.T