Binh Duong province aims to attract US$1.4 billion in FDI

The southern province of Binh Duong has set a target of attracting US$1.4 billion in foreign direct investment (FDI) in 2018, according to Tran Thanh Liem, Chairman of the provincial People’s Committee.

binh duong province aims to attract us$1.4 billion in fdi hinh 0
Liem said that the province will prioritise partners with strong economic capacity and large economic groups, as well as projects using high technology friendly to the environment, and investment in industrial parks and clusters.

He said that in order to continue attracting FDI, in the coming time, the province will focus on improving the investment environment, enhancing competitiveness and strengthening support for businesses.

Binh Duong will also complete its infrastructure system such as transport, water supply, electricity and waste treatment system, while creating land for projects, developing human resources, added Liem.

Currently, Binh Duong has 29 industrial parks with a total area of 12,790 hectares, of which, 26 have been operating. Under its master plan, by 2020, the province will have 34 industrial parks with a combined area of over 15,000 hectares.

In 2017, the province lured over 2.5 billion USD of FDI, exceeding the yearly target by 79 percent, up 125 percent over 2016. Of which, 80 percent were disbursed, higher than the average figure of the previous years at 78 percent.

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