Home Economy

Binh Duong secures $301.5 million in FDI in two months

Mar 4th at 08:24
04-03-2021 08:24:50+07:00

Binh Duong secures $301.5 million in FDI in two months

Foreign direct investment (FDI) flows to the southern province of Binh Duong during January-February topped US$301.5 million, a year-on-year increase of 63 per cent, the provincial People’s Committee said on Tuesday.

 

Thirteen projects were granted investment registration certificates in the period, with total registered capital of $254 million. Meanwhile, two projects registered to add $3.5 million to their existing operation.

As much as $44 million was injected into 21 projects in the locality through capital contribution.

To date, the southern industrial hub is home to 3,948 FDI projects with total capital of $35.8 billion.

It is not only one of the leading localities in FDI attraction but also an attractive destination for domestic investments. The province lured more than VND8.65 trillion ($377.5 million) from domestic investors in the first two months of the year. 

bizhub

MOST READ

NEWS SAME CATEGORY

Pandemic offers opportunities for Vietnam’s 2021 growth
ECONOMY Mar 4th at 08:03

Pandemic offers opportunities for Vietnam’s 2021 growth

The National Assembly has adopted Vietnam’s 2021 socioeconomic development plan, setting a gross domestic product (GDP) growth target of about six percent. Although...

Vietnam province seeks approval for casino worth over $2bn
ECONOMY Mar 4th at 07:58

Vietnam province seeks approval for casino worth over $2bn

Officials in Khanh Hoa Province, Vietnam are appealing for approval from the Politburo and prime minister for a casino to be built at a cost of more than US$2...

Accountability sought in e-commerce
ECONOMY Mar 3rd at 21:36

Accountability sought in e-commerce

Unless they enhance their responsibilities in controlling trading activities in order to improve competitiveness, e-commerce platforms may face troubles caused by...

Vaccines pave way for new investment
ECONOMY Mar 3rd at 21:35

Vaccines pave way for new investment

With the first batch of COVID-19 vaccines officially arriving into the country, Vietnam is increasing its pandemic prevention measures and therefore remaining on...

UKVFTA boosts bilateral trade growth between Vietnam and UK
ECONOMY Mar 3rd at 21:34

UKVFTA boosts bilateral trade growth between Vietnam and UK

After the Vietnam-UK Free Trade Agreement (UKVFTA) took effect, the bilateral turnover between Vietnam and the UK had a spectacular breakthrough in the first month...

In pandemic times, HCMC overachieves state budget collection target
ECONOMY Mar 3rd at 21:33

In pandemic times, HCMC overachieves state budget collection target

In the first two months of 2021, the southern metropolis of HCMC earned VND2.9 trillion ($126.5 million) per day in budget collections.

A vaccine for COVID-19 and FDI gain
ECONOMY Mar 3rd at 21:32

A vaccine for COVID-19 and FDI gain

The growing stores of COVID-19 vaccines are widely regarded as a positive factor for foreign investment mobilisation this year as the world tries to move back to...

CPI produces record growth in February
ECONOMY Mar 3rd at 21:31

CPI produces record growth in February

Hiking prices of food, catering services, and public transport services over the Lunar New Year holiday, as well as the end of Electricity of Vietnam's power-price...

Vietnam could gain from investors’ likely Myanmar exit
ECONOMY Mar 3rd at 21:27

Vietnam could gain from investors’ likely Myanmar exit

Vietnam is expected to garner interest from investors pulling out of Myanmar due to the military coup and looking for alternative Southeast Asian bases.

National economic census begins on March 1
ECONOMY Mar 3rd at 21:26

National economic census begins on March 1

The General Statistics Office (GSO) started to conduct a 2021 nationwide economic census starting from March 1.

Read More

MOST READ

Back To Top