Binh Phuoc attracts over US$25 million in foreign investment
The southeastern province of Binh Phuoc has attracted US$25.17 million in foreign direct investment (FDI) in the first seven months this year, according to the provincial Department of Planning and Investment.
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Of which, the Republic of Korea has six projects with a combined capital of US$10.36 million, followed by China with four projects and a total investment of US$6.65 million and the United Kingdom with one US$6.66 million project.
As of now, the province has 149 FDI projects still in validity with a combined investment capital of US$1.12 billion, 114 of which with a total capital of US$906 million are in industrial parks and 35 projects worth a total of US$212 million are outside industrial parks.
FDI projects have used 1,100 new labourers and contributed US$2.4 million to the province’s budget in the first half of this year.
They are estimated to earn a combined revenue of US$1.66 million in 2016, which shows a 6% rise from 2015 and add about US$5.7 million to the local coffer.
According to the department, the province will continue creating favourable conditions to attract more foreign investments.
