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Bình Dương attracts more FDI

Update: October, 16/2018 - 11:00
Bình Dương Province’s attractiveness for foreign investors is on the rise. — Photo
Viet Nam News

BÌNH DƯƠNG  Bình Dương Province as of September has attracted more than 3,430 FDI projects with over US$31.4 billion of registered funds, ranking among the top three in the country in FDI attraction, after HCM City and Hà Nội.

Nguyễn Thanh Trúc, director of Bình Dương’s Department of Planning and Investment, said that more foreign companies were investing in the province and looking for Vietnamese business partners.

The province’s road infrastructure and its 29 industrial parks have also developed strongly in recent years.

Last year, FDI companies contributed to 48.5 per cent of the province’s investments and over 82.8 per cent of its exports, according to Trúc.

Bình Dương is the newest member of the World Technopolis Association which helps members apply advanced technologies in regional development.

The province was also chosen to host the 2018 World Technopolis Association Summit on October 10.

Trần Thanh Liêm, chairman of the provincial People’s Committee, said that membership in the association would help Bình Dương improve its technology capability and become a smart city.

Nguyễn Văn Hùng, chairman of the board of Becamex IDC Corp (Bình Dương-based conglomerate), said the province’s reputation as an attractive area for investment has lured many multinationals.

For instance, the industrial parks of a joint-venture between Singapore-based Sembcorp Development (which specialises in urban development) and Becamex IDC have attracted over $9 billion from 630 businesses in 60 countries and territories. — VNS



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