It also approved four existing projects to increase their capital by an additional US$4.2 million. As a result, Binh Duong has so far attracted 1,871 FDI projects totalling nearly US$13.3 billion.

To meet the target of attracting US$1 billion in FDI this year, Binh Duong has sped up infrastructure construction inside and outside operational industrial parks and complexes, with priority given to building sewage systems.

The province focuses on large-scale projects, using modern and environmentally friendly technology. It is trying to improve its investment environment and iron out snags for investors.

Binh Duong has established 28 industrial parks covering a total of nearly 9,000ha of land, of which 24 have been put into operation.

Last year, the province attracted an additional US$2.47 billion in FDI, increasing by 2.4 times against the yearly plan. The Phu Long Hung trade centre and residential quarter project alone was valued at US$1.7 billion.