Binh Duong meets yearly FDI attraction goal early
Binh Duong meets yearly FDI attraction goal early
The southern province of Binh Duong attracted about US$1.7 billion of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 per cent.
According to chairman of the provincial People’s Committee Nguyen Hoang Thao, the locality is still working hard to remove difficulties caused by the COVID-19 pandemic to complete its socio-economic target in 2020.
Binh Duong’s industrial production index (IPI) is expected to increase by 8.5 per cent, and its total retail sales of goods and service to surge 15 per cent in 2020.
Meanwhile, the added value of the service sector is forecast to increase by 7.3 per cent, and the export and import turnovers to increase by 5 per cent and 10.9 per cent, respectively.
The locality’s GDP growth is estimated at 6.78 per cent and per capita GRDP to reach VND151.5 million (about $6,542) and the State budget revenue more than VND59.6 trillion in 2020.
Local authorities have paid special attention to improving the investment environment and changing investment attraction methods to make the most of the current wave of capital and technology shifting in the region and the world, towards creating an economic breakthrough in 2021.
The development of transport, logistics, and industrial park infrastructure have been also promoted, aiming to meet the demand of investors.
