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Bình Dương industrial parks prepare for growing FDI flows

Update: October, 16/2020 - 14:25

 

Bình Dương Province remains one of the top destinations in Việt Nam for FDI. – Photo thanhnien.vn

 BÌNH DƯƠNG – Bình Dương Province, which is a major destination for foreign investment, has been focusing on developing industrial parks.  

The parks are quickly building technical infrastructure: since the start of this year businesses have invested VNĐ146 billion (US$6.3 million) in infrastructure, 3.8 per cent more than in the same period last year.

Infrastructure work is nearing completion at the upcoming Việt Nam - Singapore Industrial Park III, which will open to investors in the near future.

The 1,000-hectare park, which has seen over VNĐ6.4 trillion invested in its infrastructure, is expected to be a green industrial park, and will only house factories that are modern and environment-friendly.

Nguyễn Thanh Trúc, deputy chairman of the province People's Committee, said besides supporting industries Bình Dương focuses on industries that are hi-tech, environment-friendly and have high value-addition.

Bình Dương is among the top three destinations for FDI, accounting for 9.2 per cent of the country's total.

Japan is the top investor out of the 65 countries and territories that are in the province.

Hideyuki Okada, chairman of the Japanese Business Association in HCM City, said Bình Dương was one of the best places in Việt Nam for Japanese businesses.

The province attracted more than US$1.2 billion worth of FDI in the first nine months of this year, with nearly 70 per cent invested in industrial parks. – VNS

 

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