Province’s FDI attraction continues reaching positive results

Binh Duong has set a target of absorbing US$1bln in FDI capital in 2015. Over the first two months of the year, US$18mln in FDI capital was poured into the province. Many FDI enterprises in the province will also raise their investment capital for production expansion this year.

FDI attraction on smoothness

Since early this year, according to provincial Department of Planning and Investment, the province’s FDI attraction has continued obtaining good results.

The province as of February 25 attracted nearly US$180mln in FDI capital. There were 24 new FDI projects with a total registered capital of US$68.6mln and 16 extra-ones with more than US$111.2mln.

 Woodwork for export being processed at Kaiser Furniture Vietnam Joint Stock Company

With the above result, the province has so far drawn 2,412 FDI projects with a total registered capital of nearly US$20.66bln. Of these, there are 1.404 inside industrial parks (IPs) with a total registered capital of nearly US$12.53bln and 1,008 outside IPs with a total registered capital of more than US$8.1bln.

Of the US$180mln in FDI capital flowing into the province in the first two months of the year, over US$143.6 was poured into IPs. Most of them focus on industrial manufacture. Some new FDI projects with great investment capital include the US$20mln tire-making factory’s Taiwanese Omexay Rubber Joint Stock Company; the US$12.5mln fibre factory of Taiwan’s Chen Ho Vietnam Fibre Co.Ltd…

Many FDI enterprises with effective operation have decided to raise their investment capital for production expansion right from early this year. Some with a large amount of added capital include Holland’s Anheuser-Busch Inbev Vietnam Co.Ltd. with US$26mln; Luxembourg’s Camso Vietnam Co.Ltd. with US$18mln; Thailand’s Srithai Vietnam Co.Ltd. with US$30mln…

Striving to fulfill FDI attraction earlier than planned

The flow of FDI into Binh Duong focuses on industrial manufacture, greatly affecting the local industrial development. Accordingly, FDI capital accounts for nearly 69.4% of the province’s total industrial production value and nearly 82.4% of the province’s total export value.

To continue effectively absorbing FDI capital in 2015, Binh Duong has bent on taking practical measures, including mobilizing all resources to develop socio-economic infrastructure in a synchronous way to give the best service for investors; promoting investment marketing in potential countries; paying attention to administrative procedure reform in all fields under the “one-door” policy; opportunely removing enterprises’ queries for the safest and most favorable investment.

With effective investment in Binh Duong, many FDI enterprises said that they would further raise investment capital for production expansion in 2015. Kaiser Furniture Vietnam Joint Stock Company is expected to build its second factory in the province with a total investment capital of around US$80mln for production expansion. Kumho Tire Vietnam Co.Ltd. will also pour additional investment capital to increase its capacity…

With the above-mentioned elements, it is believed that Binh Duong’s FDI attraction in 2015 will continue being fulfilled earlier than planned.

Reported by T.Minh-Translated by K.T