Since early this year, there have been a series of FDI and domestic projects started construction and operation in southern Binh Duong province, showing that the province is still an attractive destination for investors at home and abroad.

 

FDI projects under thriving

 

Binh Duong’s FDI attraction has continued to thrive in the early months of this year. Particularly, Kraft Vina Paper Co.Ltd. put its 38-ha packing paper plant into operation in the My Phuoc 3 Industrial Park. Capitalized at US$180US$, the plant has annual capacity of 220,000 tons of products.

 

Sphygmomanometer components being produced at Key Plastics Vietnam Co.Ltd. in the VSIP 2

Other FDI project, Key Plastics Vietnam Co.Ltd. was inaugurated in the VSIP 2 on March 10. The company has total investment capital of US$5mln, specialized in manufacture of electronic medical equipment and packing products for cosmetics. On the same day, Emivest Feedmill Vietnam Co.Ltd. under Emivest Berhad Group, the leading animal feed producer in Malaysia also started construction of the second animal feed plant in the Bau Bang Industrial Park. The plan covers 4ha with total investment capital of over US$9mln and is expected to be put into operation in September 2010.

 

As planned, Lautan Luas Vietnam Co.Ltd under Singapore’s Lautan Luas Group will also open its chemical plant in the South Tan Uyen Industrial Park in April. The plan is built on a 4ha area with the first phase’s total investment capital of US$12mln. This is the great chemical plant with annual capacity of 30,000 tons of water treatment chemicals, 5,000 tons of auxiliary chemicals for garment industry and 5,000 tons of additives. In the second phase, the plant’s total area will be lifted to 9 ha and  the plant’s total investment capital will also amount to US$20mln.

 

Along with the above projects, the province lured additional 12 new FDI projects and 15 extra-ones with total investment capital of US$241mln in the first two months of this year. This is seen as a positive sign for investment attraction in 2010.

 

Impression in domestic investment attraction

 

Binh Duong has also seen animation from domestic investment projects. Particularly, Bibica Mien Dong put its Chocopie-cakes plant of VND300bln  into operatation in the My Phuoc 1 Industrial Park on February 2. Once operational, it will provide 6,000 tons of Chocopie cakes/year for domestic and foreign markets.

 

Following this, Nam Kim Steel Joint Stock Co. (JVC), on March 11, began construction of the second steel plant in the Dong An Industrial Park II. The plan is built on a 4.6ha area with total investment capital of more than VND600bln. Once operational, it will help raise Nam Kim Steel JVC’s total annual capacity to 400,000 tons of products…

 

Reported by Trong Minh-Translated by K.T