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Binh Duong attracts nearly US$1.2 bil in FDI

Binh Duong’s industrial zones attracted more than US$42.4 million in foreign direct investment (FDI) in October, bringing the ten-month value of FDI to US$1.198 billion.

Binh Duong’s industrial zones attracted more than US$42.4 million in foreign direct investment (FDI) in October, bringing the ten-month value of FDI to US$1.198 billion.

Of 116 newly-licensed projects worth US$713.7 million are the Binh Hoa – Binh Duong VSIP Complex (US$199 million), Panasonic Eco Solutions Vietnam Co., Ltd (US$38 million), a paper packaging plant of Japan’s TOMUKU Vietnam company (US$47.62 million), and Amway Vietnam Co., Ltd. (US$21.4 million).

Among the 115 existing projects with large additional capital are URC Vietnam Co. Ltd. (US$50 million), Palm-Song Be Golf Co., Ltd. (US$28 million), Zeng Hsing Industrial Co., Ltd. (US$16 million) and Anheuser Busch InBev Beer Co., Ltd. (US$15 million).

To attract more FDI capital, Binh Duong is focusing on pushing through administrative reform and ensuring timely land clearance technical infrastructure upgrade in industrial parks. Provincial leaders have regular contact with foreign diplomatic agencies and business associations in Japan, the Republic of Korea, and Taiwan to encourage investment in the development of high-tech and support industries.

Source: VOV
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