Home Economy

Binh Duong attracts $600m in FDI

Apr 3rd at 13:12
03-04-2013 13:12:00+07:00

Binh Duong attracts $600m in FDI

Southern Binh Duong Province attracted some US$579 million in foreign investment in the first quarter of this year, according to the provincial Department of Planning and Investment.

The Viet Nam-Singapore Industrial Park alone received 11 FDI projects with total capital of $368 million. Three newly licensed projects have combined capital of $258 million and eight operational projects raised over $110 million in capital.

Binh Duong plans to attract over $1 billion in foreign investment this year, mainly in industries with high added value such as electricity, electronics and pharmaceuticals.

The province has recently received many delegations of foreign investors, including many from the Republic of Korea and Japan, who came to seek out opportunities in the fields of construction, entertainment, culture and education.

Binh Duong drew nearly $3 billion in foreign investment in 2012, up 253 per cent against 2011. This accounted for 17.1 per cent of Viet Nam's total FDI last year

vietnamnews

MOST READ

NEWS SAME CATEGORY

Trade with UK surges on exports
ECONOMY Apr 2nd at 13:14

Trade with UK surges on exports

The two-way trade turnover between Viet Nam and the UK reached US$4.37 billion in 2012, rising 35.5 per cent from 2011.

City to replicate price control initiative
ECONOMY Apr 1st at 22:44

City to replicate price control initiative

HCM City's annual price stabilisation programme will this year focus on the same four groups of goods as last year – essential foods and foodstuff, materials used...

CPI reflects low purchasing power
ECONOMY Mar 30th at 23:22

CPI reflects low purchasing power

The Government should pay attention to controlling CPI to achieve a 6.5 per cent growth rate this year, despite this month's downward trend.

HCM City seeks Indian investment
ECONOMY Mar 30th at 23:16

HCM City seeks Indian investment

Local officials have urged Indian businesspeople to increase their investments in information technology, telecommunications and electricity.

Sanofi to build $75 million Vietnam plant as demand rises
ECONOMY Mar 29th at 14:21

Sanofi to build $75 million Vietnam plant as demand rises

Sanofi (SAN), France’s biggest drugmaker, will start building a $75 million plant in Vietnam as rising income and urbanization bolsters demand for health care in...

China to become Viet Nam's largest trading partner
ECONOMY Mar 29th at 13:15

China to become Viet Nam's largest trading partner

China is anticipated to become Viet Nam's top trading partner by 2030 after taking over the position of the US, according to an HSBC Trade Connection Report...

TPP opens up for Vietnam’s global economic integration
ECONOMY Mar 27th at 22:31

TPP opens up for Vietnam’s global economic integration

The Trans-Pacific Partnership (TPP) agreement will be an opportunity for Vietnam to continue deeply integrating into the global economy, said Mary Beth, Economic...

Vietnam posts modest GDP growth in Q1
ECONOMY Mar 27th at 13:20

Vietnam posts modest GDP growth in Q1

It is estimated that Vietnam’s Gross Domestic Product (GDP) rose 4.89 percent in the first quarter of this year compared to the same period in 2012, the Ministry of...

TPG scopes out "emergent" Vietnam companies to invest
ECONOMY Mar 25th at 16:38

TPG scopes out "emergent" Vietnam companies to invest

TPG Capital, the private-equity firm run by David Bonderman and James Coulter, is seeking its first Vietnam investment in almost four years as the country’s growing...

Trade deficit returns on lift in domestic import demand
ECONOMY Mar 25th at 13:17

Trade deficit returns on lift in domestic import demand

Imports exceeded exports in March by US$300 million, marking the return of the trade deficit in Viet Nam after the country experienced a trade surplus in the first...

Read More

MOST READ

Back To Top