Binh Duong in the first half of 2014 absorbed US$990mln in FDI capital. With the result, the province is going to complete its plan of attracting US$1bln in FDI capital in 2014.

Binh Duong continued to reap a positive result in FDI attraction with US$990mln in the first half of 2014. Particularly, there were 74 new FDI projects with total registered capital of US$378mln and 60 extra-ones with US$612mln. According to Mai Hung Dung, Director of provincial Department of Planning and Investment, the above result showed that the province’s investment climate has so far remained attractive to investors.  

Le Thanh Cung, Chairman of provincial People’s Committee and leaders of sectors, departments in the province visiting KyungBang Vietnam factory

Kingtec Group is one of Taiwanese companies with great trust on Binh Duong’s investment climate. The group has also just signed a land-lease contract with Becamex IDC Corporation to build a plant specialized in manufacturing LED lamps and bulbs for export on 16 ha at My Phuoc 3 Industrial Zone in two phases (with the first phase worth US$30 mln).

Soddy Huang, Chairman of Kingte Group said that the group spoke highly of Binh Duong’s investment climate and decided to choose Binh Duong for building its plant. It is expected that the plant will be put into operation after one-year construction. All products of the plant will be exported into many countries. To Mr.Soody Huang, making investment into Binh Duong is a long-term development strategy of the group.

The project of Kingtec Group is suitable with the province’s orientation calling for investment in industrial production. Kingtec is one of Taiwan’s top groups in the lighting industry. Currently, the group manufactures lighting equipment, interior decoration, power generators for automobiles and electronics equipment from facilities located in Shenzhen, Guangdong, and Shanghai.

In June alone, nearly 40 enterprises from China’s Fujian province visited Binh Duong and learnt about the local investment climate. They had a chance to visit infrastructure facilities of province-based industrial parks and hear the reports of investment attraction policies, issues relating to tax, labor, land…from the local functional agencies.

On behalf of these enterprises, ZhanYuan, Chairman of Hoang Au-Tuyen Chau Garment & Textile Company said that Binh Duong has created a favorable investment climate with well-built infrastructure. After the visit, they will map out concrete investment strategies in Binh Duong.

Le Thanh Cung, Chairman of provincial People’s Committee said that FDI enterprises’ investment projects have worked very effectively, making great contributions to the local economic development. “Binh Duong will create favorable conditions for enterprises’ investment. The province will help them remove queries and difficulties during the investment process for better development”.

In her recent visit to Binh Duong in company with AgriFood Capital Corporation, Wobine Buijs Glaudemans, Mayor of Holland’s Oss city said that Holland-Vietnam in general and Oss and Binh Duong in particular have had many potentials towards sustainable and long-term cooperation.

As surveyed, Binh Duong’s industrial infrastructure facilities are very good. This is very favorable for the two sides to strengthen development cooperation in the domains of high technology and food, according to her. With its strong points in terms of pharmaceutics, food, logistics…, Oss city is seeking investment opportunities in Binh Duong.

Reported by T.Minh-Translated by K.T