FDI projects’capital disbursement implemented very rapidly

Along with the robust growth in FDI attraction and the rapid disbursement of FDI sector, the province has witnessed many FDI projects put into operation. Noticebly, two big projects invested by Japanese corporations in the fields of trade-services and urban infrastructure will go on stream by the end of 2014.

Factories inaugurated

Sewoon Medical Vina Co.Ltd. under South Korea’s Sewoon Medical Corporation has just inaugurated its factory specialized in making medical equipment in Vietnam-Singapore Industrial Park II (VSIP II).

Covering nearly 1.4 hectares, the factory has a total investment capital of more than US$7mln. After being put into operation, it will generate and supply nearly 8mln of medical equipment for both domestic and foreign markets a year.

Prior to that, the Japan-invested Rohto Mentholatum Vietnnam Co.Ltd. opened its second factory in VSIP I with a total investment capital of US$15mln. The figure has raised the company’s total investment capital in the IP so far to US$33mln. According to representative of the company, this expansion will help the company raise its capacity at demostic and foreign demand while further expressing the company’s commitment of making a long-term investment in Vietnam.  

Rohto-Memtholatum Vietnam Co.Ltd. has just put its second factory into operation in VSIP I

Since early this year, many factories have been put into operation in My Phuoc and Bau Bang Ips. Chod Vietnam Co.Ltd. opened its metal-producing factory in My Phuoc IP II. An office equipment-making factory of the Japan-invested NCL Vietnam Co.Ltd. was also put into operation in Bau Bang IP with a total investment capital of nearly US$4mln…

The above result showed that there was a rapid capital disbursement of province-based FDI projects. Tran Van Lieu, Head of provincial Ips Management Board said that the capital disbursement of FDI enterprises in the Ips under the Management Board in the first half of 2014 reached nearly US$323mln, up 25% compared to the corresponding period of last year or 54% of the year’s plan. This was seen as a positive sign in capital disbursment for industrial manufacture in province-based Ips.

Large-scale projects to be opened

Some other FDI projects are being implemented promptly to be able to open this year. Among them, there are two large-scale FDI projects in the fields of trade-services and real estate. They include the Aeon-Binh Duong shopping center project and the Tokyu Binh Duong garden city project.

Invested by Aeon group, a well-known retailer in Japan, the Aeon-Binh Duong shopping center project is adjacent to VSIP I with a total investment capital of US$95mln. The three-storey project covers 75,000 sq.m, including 45,000 sq.m for business activities. Once fully operational, it will create stable jobs for more than 1,500 laborers. According to Yasuo Nishitohge, General Director of Aeon Vietnam Co.Ltd., the implementation of the project is facing advantages and it is expected to be put into operation on November 1, 2014 ahead.

Other big FDI project is the Tokyu Binh Duong garden city project invested by the joint venture between Japan’s Tokyu Corporation and Vietnam’s Becamex IDC Corporation. Covering 110 hectares, the project includes about 7,500 apartments and houses, plus recreational and service facilities, and offices for lease with a total investment capital of more than US$1.2bln. It is expected that the SORA Gardens I project, the first part of the three-phase SORA Gardens project, which is the first project in the Tokyu Binh Duong Garden City complex, is scheduled for completion by 2014.

Following the SORA Gardens I project, many other projects in the complex will be implemented, contributing to creating a highlight for the center of Binh Duong New City while helping the province absorb more FDI capital.

Acccording to provincial Department of Planning and Investment, more FDI projects have been put into operation, contributing to increasing the province’s industrial manufacture value. Especially, the province has absorbed many big FDI projects in the domains of trade-services, urban infrastructure…This is of great significance for the development of the province and makes the province’s economic picture get more lively, which is in line with the province’s orientation on the growth of trade-services proportion in economic structrure as well as urban development in the coming time.

Reported by T.Minh-Translated by K.T

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