Binh Duong dishes out licenses for FDI projects

(VOV) -On June 4, the southern province of Binh Duong granted investment licenses to 41 projects totally capitalized at nearly US$155 million, mostly from foreign direct investment (FDI).

Nine of the newly-licensed projects are funded by Japan (US$35 million), nine by the Republic of Korea (US$28 million), and several from China and Singapore.

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Chairman of the Binh Duong provincial People’s Committee granting investment license to Chinese businesses

Binh Duong provincial leader welcomed investors and encouraged them to expand operation in the province for mutual benefit.

Chief investors highly valued the favourable conditions and efforts by the Binh Duong provincial People’s Committee and relevant agencies to facilitate business operations in the province.

They pledged to disburse investment capital as soon as possible to enjoy fresh growth of the local economy in the coming time.

Over the past five months, Binh Duong attracted more than VND4,200 billion from domestic investors and US$978 million in FDI, fulfilling approximately 98% of its yearly target and 15% higher than the previous year.