Over US$1.7 billion registered for investment in Binh Duong right at the beginning of new year

On the afternoon of January 2, provincial People's Committee held a ceremony to grant investment policy approval decisions and investment registration certificates for some projects.

Speaking at the ceremony, Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee expressed his gratitude to investors for choosing Binh Duong as a destination for development. Provincial People's Committee Chairman expressed his hope that investors will continue collaborating with the province to achieve the local goal of double-digit growth in 2025 and the following years.

With the principle that "The success of investors is the success of Binh Duong province" and in order to continue being a highly promising destination for investors, Binh Duong is committed to enhancing infrastructure development and decisively improving the local investment environment. The province consistently facilitates effective and sustainable production and business activities for enterprises.

At the ceremony, provincial leaders granted investment policy approval decisions for 20 projects and investment registration certificates for 3 projects, with total registered investment capital exceeding US$ 1.7 billion. These include major projects such as QP Township Joint Stock Company with over VND 3.8 trillion, North Binh Duong Real Estate Joint Stock Company with the Binh My Residential Area Project with over VND 3.7trillion, Vinh Phu National Housing Organization Co., Ltd. with Starview Complex Housing Development Project with over VND 3.4 trillion and Tan Viet Phat Real Estate Joint Stock Company with the Tan Viet Phat Apartment Tower Project with over VND 3.2 trillion.

For power projects, Binh Duong granted investment policy approval decisions to the National Power Transmission Corporation for the Ben Cat 2 220kV transformer and associated transmission lines with total investment capital of over VND 1.1 trillion, the Binh My 220kV transformer and associated connections with total investment capital of VND 441 billion and to the Southern Power Corporation for the 110kV outgoing line project to the Tan Dinh 2 220kV station with total investment capital of VND 247 billion.

Also at the ceremony, provincial leaders granted an investment policy approval decision to An Dien Industry Joint Stock Company for the expended Rach Bap Industrial Park project, covering 360 hectares with total investment capital of over VND1 trillion.

Reported by Ngoc Thanh-Translated by Kim Tin