Binh Duong's FDI surpasses target

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Asean Affairs 16 November 2015

Binh Duong's FDI surpasses target

The southern province of Binh Duong said it had exceeded 60 per cent of its total target in attracting foreign direct investment (FDI) in 2015.

According to the provincial Department of Planning and Investment, for this year, Binh Duong plans to attract US$1 billion in FDI. However, the figure to date is $1.6 billion.

The province has a total of more than 2,500 projects, worth $22 billion.

In the 2010-15 period, it attracted $7.9 billion, exceeding $2.5 billion over the plan.

In the next five years, the figure is expected to total $7 billion, raising the total FDI in the province to $30 billion.

To reach the goal, the province will develop all economic sectors, in which services as well as high-tech industries friendly to the environment will receive priority.

Currently, Binh Duong has 28 industrial zones. The Viet Nam – Singapore Industrial Park and My Phuoc 3 are two zones that have attracted more investors.

Local leaders often meet with companies to help them solve difficulties. Administrative procedures are also being improved to help companies save time and money.

Thanks to this support, Binh Duong is an ideal destination for investors in the country in general and in the southern region in particular.

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