Bình Dương certifies $1b worth of FDI

Bình Dương Province granted investment certifications to five FDI projects last Friday, reaching nearly $1 billion. – Photo baodautu.vn

BÌNH DƯƠNG – Bình Dương Province approved nearly US$1 billion worth of new foreign investment last Friday.

Textile firm Polytex Far Eastern Việt Nam Co., Ltd., belonging to Taiwan’s Far Eastern Group, is investing $610 million to expand its polyester synthetic fibre manufacturing and spinning facility at the Bàu Bàng Industrial Park.

The conglomerate already has $1.37 billion worth of investment in Bình Dương.

Cheng Loong Bình Dương Paper Co., Ltd. is set to invest $100 million in its paper plant at the Protrade International Industrial Park, taking its total investment to around $1.1 billion.

Procter & Gamble Indochina Co., Ltd. will add $44.8 million to expand its razor blade factory at the Đồng An Industrial Park.

Singapore-based New Motion Industrial Co. Ltd is set to invest $185 million to set up a display monitor manufacturing factory, warehouse and office at the Phú Tân Industrial Park.

Singapore’s Emergent VN Logistics Development Pre. Ltd will build the ECPVN Bình Dương 2 logistics centre at a cost of $34.4 million at the Tân Đông Hiệp B Industrial Park.

Bình Dương ranks third in FDI this year after HCM City and Hà Nội as its efforts to improve administrative procedures and create a favourable investment climate pay off.

As of May 15 it had attracted $1.25 billion worth of FDI, a 59 per cent increase year-on-year. – VNS

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