Binh Duong province to be trusted by investors
Compared with the same period in
2014, according to provincial Department of Planning - Investment, in
the first 9 months, the province attracted nearly $1.5 billion of FDI
capital, increasing 27% and surpassing 47.7% year-target. Meanwhile,
domestic investment was also very high and reached VND14,000 billion,
increasing VND6,000 billion.
To achieve these results, Binh Duong
has kept doing well trade promotion, investment attraction. In
addition, business environment and administrative procedure reform have
been increasingly improved, contributing to attracting the attention of
investors.
In addition, transport
infrastructure was developed comprehensively; infrastructure of
industrial zones was invested intensively to help investors doing
business efficiently. The province has saved thousands of clean land
hectare, adjusted many policies to facilitate investors. These have helped Binh Duong tobe trusted by domestic and foreign investors.
There were 92% of investments were
in industrial zones; new investment capital reached $817 million for 141
projects. Notably, there were 89 projects adding new capital worth
totally $660 million. Since early this year, Binh Duong has also
enhanced trade promotion, signed cooperative agreements with foreign
developing regions, such as: Yamaguchi province of Japan, Emilia Romagna
of Republic of Italy, Windsor City of Canada…
There were 28 projects with a total
capital of $304 million were granted investment certificates. Binh Duong
has now 2,525 FDI projects overseas with a total registered capital of
nearly $22 billion from more than 39 countries and territories;
including Japanese firms as the biggest investor with a total registered
capital of $4.87 billion, followed by Taiwanese, South Korean
businesses.
Production activities at Kwang Yang Vietnam Co. in Dai Dang industrial park, TDM City
Attracting many projects with modern technologies
At end of June, the province granted
investment certificate to Far Eastern Polytex Company, which was a
noticeable project with their speciality of support industries for
textiles, like: polysester synthetic fiber products. Total registered
capital of the first phase was $300 million and will be added $700
million in the second phase. The project’s investor wanted to satisfy
auxiliary demands for textiles industry of Binh Duong and the whole
country.
In addition, Binh Duong also granted
investment certificates to many large projects having high levels of
intelligence, modern technologies, namely, NPC Toda Company invested $30
million in VSIP II A to produce plastic products of all kinds with
capacity of 16,889 tones / year; Great JD International Company invested
$40 million in Song Than 3 industrial park to produce various kinds of
motorcycle, bicycles and components; Vietnam Nippon Chemiphar Company
invested $25 million in VSIP I to produce pharmaceuticals with capacity
of 550 million pills/year...
Due to good reputation of the
province, many businesses decided to increase their investment. Namely,
Anheuser – Busch InBev Vietnam Company poured more $26 million into the
project in VSIP II A to produce brewery and fermented malt beverage with
capacity of 100 million liters/year; Srithai Vietnam Company added $30
million to manufacture industrial plastic products in Song Than I
industrial park; Sharp Mind Technology Vietnam Company added more than
$7.8 million to produce components of machinery and equipment at Dai
Dang industrial park…
Tran Thanh Liem, Vice Chairman of
PPC said, in recent years, Binh Duong province had implemented many
accommodative policies to attract investments, develop industrial park’s
infrastructure. In addition, trade promotion, administrative procedure
reform... had been also performed effectively and gained many important
goals. It can be said that accelerated investment attraction has brought
many advantages to develop industry, services, urban, modern
technologies in accordance with development orientations of the
province.
Reported by Khanh Vinh, H.H - Translated by Ngoc Huynh