Binh Duong grants 19 investment certificates

Binh Duong provincial People’s Committee granted investment certificates to 19 projects yesterday for the first investment stage in 2018, including 15 foreign direct investment (FDI) projects.

The major projects included two investments on logistics services and industrial real estate, jointly invested by Warburg Pincus Financial Group and Becamex IDC Corp in Bau Bang and My Phuong industrial parks with total registered capital of US$135.2 million; and a $20-million apparel manufacturing factory of Far Eastern Apparel Co Ltd at VSIP II-A.

Tran Thanh Liem, chairman of Binh Duong People’s Committee, said the improvement and transparency in the province’s investment climate helped increase investors’ trust and strengthen their long-term investment commitment.

Binh Duong Province is Viet Nam’s second biggest magnet for foreign investment after HCM City. The province has attracted $435 million worth of foreign capital in the first two months, including 31 newly-granted investment certificates with total registered capital of $233 million, an additional capital of $141.5 million for 13 existing projects, and nearly $60 million capital contributed by foreign investors.

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