Exceeding year’s plan

According to statistics, Binh Duong absorbed US$2.83bln in FDI capital in the first half of 2012, two times higher than the year’s plan. Particularly, there were additional 51 FDI projects with a total investment capital of US$1.419mln and 57 extra-ones with US$664mln.

Toshiaki Koshimura, CEO of the Japanese Tokyu Corporation, investor of the Tokyu Garden City project with the biggest investment capital in Binh Duong in the first half of the year said: “After making survey in many places, we have realized the attraction of investment climate in Binh Duong as well as the potential of Binh Duong New City. Hence, we have decided to make investment in Binh Duong”.

With the great faith in Binh Duong’s investment climate, Sun Steel Joint Stock Company in Di An town has also decided to raise its investment capital this year to US$120mln for production expansion. 

Le Thanh Cung, chairman of provincial People’s Committee handing over investment certificates to FDI enterprises

Pong Kok Tian, the Consulate General of Singapore in HCM city said: “Binh Duong has a good investment climate. With more than 2,000 FDI projects from 37 countries with a total investment capital of more than US$16bln, Binh Duong is among country’s top 5 most attractive destinations for investment and also among country’s top 5 localities with the highest competitive value. That’s reason why foreign investors in general and Singaporean ones have always selected Binh Duong for investment”

Synchronous investment

Binh Duong has constantly created a synchronous investment ranging from industrial and traffic infrastructure, social welfare, human resource training, urban development…to absorb more foreign investors.

To better serve investors, Binh Duong has further focused on traffic infrastructure connecting with provinces and cities in the region such as the My Phuoc-Tan Van highway, the belt roads No.3, 4…Hence, Binh Duong’s infrastructure system has always been appreciated as the best, facilitating investors’ development.

Together with well-built industrial and traffic infrastructure, Binh Duong has made efforts in workforce attraction via many incentive policies, contributing to promoting enterprises’ development. The province has also promoted urban development with many utility services to serve laborers’ livelihood.

Binh Duong has also paid attention to human resource training. Currently, the province is home to nearly 10 universities, namely Mien Dong, TDM…along with 6 colleges and 42 vocational training facilities, contributing to catering enterprises’ requirements.

Thanks to the above synchronous investment, Binh Duong has created an attractive climate for foreign investors. That’s reason why the province drew more than US$2bln in FDI capital in the first half of the year. This has also shown that Binh Duong is still an ideal destination for foreign investors in the current difficult context.

Reported by Trong Minh-Translated by K.T