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Binh Duong aims to attract FDI

Update: February, 28/2012 - 10:14

 

A production line at the foreign-invested Vietnam Kirin Beverage Company in the southern province of Binh Duong. Many foreign investors, especially those from Japan, have expressed a desire to invest in support industries there. — VNA/VNS Photo Thanh Vu
BINH DUONG — The southern province of Binh Duong aimed to attract US$1 billion in investment this year with a focus on hi-tech and support industries, said the provincial People's Committee Chairman Le Thanh Cung.

The province would continue to perfect the infrastructure within industrial zones (IZs) to make things easier for investors while limiting the investment flow into industries that could cause environmental pollution and those that use a high number of labours, Cung said.

Speeding up administrative reforms, improving the quality of personnel resources and accelerating trade promotion would also be included in the activities, he said.

We did not intend to establish IZs that would only meet the needs of support industry investments but we would set aside land in our existing zones for those investors, he said.

Many foreign investors, especially those from Japan, have expressed a desire to invest in support industries here, he added.

Despite global and domestic economic difficulties, the province attracted $2.37 billion in investment capital last year, including $1.12 billion in foreign direct investment (FDI). Its leading sources of FDI included Japan, South Korea and Singapore.

In January alone the province attracted $157 million in FDI and VND3.5 trillion ($167 million) from 65 domestically – invested projects.

The new addition has brought the number of foreign-invested projects to date to 2,000, totalling more than $15 billion and almost 13,000 domestic projects worth VND95 trillion ($4.5 billion). — VNS

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