Binh Phuoc remains attractive to foreign investors

The southern province of Binh Phuoc has so far this year attracted 224 foreign-invested projects, with over 2.2 billion USD of FDI disbursed.

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 An animal feed factory is being built in Becamex Binh Phuoc industrial park, which is scheduled to be put into operation in April 2020

Vo Dang Khoa, Director of the provincial Centre for Trade and Investment Promotion, said that investors are focusing on many projects in processing, which is a good sign in the locality’s investment attraction.

Notably, an animal feed factory is being built in Becamex Binh Phuoc industrial park at a cost of 157.6 million USD, which is scheduled to be put into operation in April 2020.

Khoa said that the province prioritises projects in support industry and processing, especially cashew processing for export, as well as high technology agriculture.

Alongside, the province has also called for investment to trade, tourism and urban development, he said.

According to the official, the administrative reform of the province has been sped up, creating a smooth investment environment for businesses. He added that currently, the province can process and issue investment licence to businesses within only 24 hours.

In the first nine months of 2019, Binh Phuoc saw the establishment of 829 new firms with a combined registered capital of nearly 9 trillion VND (387 million USD).

VNA