Binh Duong nails 2013 FDI target

Binh Duong nails 2013 FDI target

Southern economic hub Binh Duong yesterday announced that it had achieved the full-year target of attracting US$1 billion worth foreign direct investment (FDI).

Le Thanh Cung, chairman of the province People's Committee, said despite the global and national economic difficulties, FDI flows into Binh Duong remain strong.

"The province has attracted $1.049 billion worth FDI [this year]. Overall, it has attracted nearly $18.5 billion."

To attract foreign investment, the province organised many conferences and meetings, promptly identified and resolved problems faced by investors, and generally created favourable conditions for investment and business.

The committee issued licences for 28 projects with a total investment of around $230 million. Of them, 13 are new ones while the other 15 are expanding.

Half of them are from Japan, while the rest are from Viet Nam and many countries and territories like Taiwan, Holland, South Korea, the US, Singapore, and Samoa.

Their investment ranges from $2 million to $47.6 million.

Talking at the issuing ceremony, Yakabe Yoshinori, Japan's deputy consul in HCM City, said: "Binh Duong is an active province in business activities and attracting foreign investment."

Located in the southern key economic zone, which also comprises HCM City, Dong Nai, Ba Ria-Vung Tau, and others, Binh Duong would attract a lot of foreign investment because of its developed infrastructure and favourable conditions, he said.

Provincial authorities promised to continue with business-friendly polices, improve socio-economic infrastructure and the quality of human resources, and effect administrative reform.

The committee said in a report that the province's economy grew by 9.5 per cent year-on-year in the first half of the year.

Full-year growth is expected to be even higher at 12.7 per cent.

vietnamnews