The provincial People’s Committee chairman Le Thanh Cung grants investment certificate to an investor.

Animation of new projects

Entering the 2012, despite economic obstacles, the local investment attraction has gained positive changes. Some new projects which have been just granted investment licenses prove the change. Specifically, Korea’s Pan Asia Co. Ltd just received an investment license to build a $1.5mil plant at Nam Tan Uyen IP. Lee Gun Woo, director of the company, said the company would manufacture 450,000 sqm of partitions per year.

Another project invested by Biomin Vietnam Co. Ltd. from Singapore just received an investment license on Jan.30. The $8mil company will produce animal food, veterinary drug products with a capacity of 9,500 tons per year.

In Jan. 2012, Hoa Net Timber Industrial Co. Ltd. received an investment license to build a $5.2mil home decoration plant at Tan Uyen district’s Tan Hiep commune.

Notably, among new projects, Casumina Group’s project has the biggest investment capital of $160mil. The project will be built on an area of 12ha at Tan Uyen district’s Uyen Hung township with the capacity of 1 million of tyres per year. Nguyen Ngoc Tuan, general director of Casumina, said the project will create about a turnover of VND5tril per year for the group and pay over VND500bil to the State budget as well as generate jobs for 1,200 laborers.

Supplementary capital sources increased

Aside from new projects, many local businesses have increased their capital sources for production and business.

Specifically, United International Pharma Co.Ltd increased additional $6mil for production at VISIP II. Earlier, the company enjoyed a stable operation in manufacturing drug and cosmetics products with the total capital of $26mil. Another company named Core Electronics Co.Ltd from Korea added $1mil to raise its production capacity. In addition, Liwayway Co.Ltd. from the Philippines increased additional $14.5mil for production at VISIP I.

Among the capital-added projects, Japan’s Sun Steel JSC has the biggest supplementary capital source. After an effective operation at Di An town’s Tan Dong Hiep ward, the company decided to increase additional $120mil for productive expansion.

A series of newly-licensed and capital-added projects in the province have showed Binh Duong trademark’s pervasiveness as well as local authority’s policy and attention to investors. 

At the investment certificate ceremony, the provincial People’s Committee chairman Le Thanh Cung stressed that all level leaders in the province has always facilitated businesses’ production and business expansion. In addition, the province has always focused on solving businesses’ difficulties, publicizing administration reforms, building technical infrastructure facilities, training hi-quality manpower and so on to help investors gain high efficiency.

Reported by T.Minh – Translated  by A.C