Binh Duong has so far absorbed more than 2,060 FDI projects with a total registered capital of more than US$16bln. With 112 projects capitalized at US$1.13bln, Singapore is now ranked fifth among countries with the greatest investment capital in Binh Duong. Singaporean-invested projects herein are also very diversified, ranging to industrial manufacture to real estate trading, industrial park infrastructure development, trade-services…

 Luring many large-scale projects from Singaporean investors

 In addition to Vietnam-Singapore Industrial Park (VSIP), Binh Duong has drawn  a series of large-scale projects from Singaporean investors.  

 A glance of Mapletree Group’s high-tech industrial park

 Covering 75 hectares in the Binh Duong industrial-service-urban complex, Singapore-backed Mapletree Group’s high-tech industrial zone project has a total investment capital of US$400mln. The project will make contributions to the socio-economic development of Vietnam in general and of Binh Duong in particular.

 Other large-scale project from Singapore is the AP Singapore Tech Park. Costing US$150 million and developed by Ascendas – Protrade, a joint venture between Singapore's Ascendas Group and Vietnamese state-owned firm Protrade Corporation, AP Singapore Tech Park is built on a 500 hectare-area with a total investment capital of around US$150mln.

 Following Mapletree and Ascendas, Singapore’s YCH Group has cooperated with Binh Duong Protrade Corp. to develop the YCH-Protrade DistriPark project of nearly 7 hectares in total in Thuan An town’s Binh Hoa ward with a total investment capital of US$14 mln.

 With high technology providing the best supply and solutions under international standards, along with business experience in Protrade’s domestic market, the Distripark will provide the transportation service, warehouse, supply chain management for province-based enterprises.

 Singapore-based GuocoLand Group has also made investment in Binh Duong with the high-class urban area project of The Canary in Thuan An town. The project covers 17.5 hectares with a total investment capital of US$200mln.

 Since early this year, Binh Duong has also continued luring more Singaporean-invested projects, including the Biomin Vietnam Co.Ltd.’s second factory with a total registered capital of US$8mln…

 Singaporean Consul General in HCM City, Pong Kok Tian said: “Binh Duong has a good investment climate. With more than 2,000 FDI projects of US$16bln from 37 countries and territories, Binh Duong is among the country’s 5 most attractive destinations for investors and also among the country’s 5 localities with the highest competition value. That’s reason why Singaporean enterprises have selected Binh Duong for investment”.

 Highlight of VSIP

 Three VSIPs have so far lured 414 FDI projects with a total registered capital of US$3.6bln, generated stable jobs for 98,000 laborers and become the country’s industrial parks taking lead in FDI attraction.

 More importantly, after VSIP’s 15 year-development, cooperation between enterprises of Binh Duong and Singapore under the attention of the two countries have made considerable achievements and greatly contributed to Vietnam’s economy, helping Vietnam create a good investment climate for foreign investors.

 The success of VSIP has also opened a new prospect and acted as a bridge between Binh Duong and Singaporean enterprises, promoting the development of Singaporean-invested projects in Binh Duong.

 Many Singaporean enterprises have over time selected Binh Duong for investment. This shows that Binh Duong’s investment climate is very favorable, flexible and attractive for Singaporean enterprises in particular and foreign investors in general…

Reported by Trong Minh-Translated by K.T