FDI inflows in Binh Duong skyrocket four times

The southern province of Binh Duong attracted over US$340 million in foreign direct investment (FDI) I the first two months of this year, equaling 441% year on year, with the real estate sector making up 90% of the total.

According to the provincial Department of Planning and Investment, there were seven newly-registered projects worth US$19.7 million, equivalent to 124% compared to the same period last year. Four projects had their capital adjusted, with the amount reaching US$4.23 million.

It’s noteworthy that 13 projects registered to contribute capital and purchase shares worth US$326 million, equal to 423% against the same period last year.

The real estate sector took the lead in attracting FDI, with two projects capitalised at US$324 million accounting for nearly 90% of the total registered capital. It was followed by processing and manufacturing attracting more than US$20 million and agro-forestry-fishery luring US$10 million.

There were 11 countries and territories investing in the southern industrial hub in the two-month period. The Netherlands topped the list, attracting over US$324 million, trailed by Taiwan (China), Hong Kong (China), the United States, Singapore, and the Republic of Korea.

At present, Binh Duong ranks second in Vietnam with nearly 4,100 valid projects totaling over US$39.73 billion, equivalent to 9% of the country’s total FDI, behind only Ho Chi Minh City.

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