Investment registration certificates given to five FDI firms in Binh Duong

Five foreign firms have poured additional investments of USD974m into Binh Duong Province.

Five foreign firms have poured additional investments of USD974m into Binh Duong Province.

  

Investment certificates granted to five FDI firms

On May 21, Binh Duong People's Committee held a ceremony to grant investment certificates to five FDI firms from Taiwan and Singapore.

Polytex Far Eastern Vietnam at Bau Bang Industrial Park increased its investment by USD610m to USD1.37bn to expand its manufacturing line of polyester fibre products and spinning products. New Motion Company that specialises in display screens will invest USD185m into their warehouse, factory and offices at Phu Tan Industrial Park.

Cheng Long Binh Duong Paper registered to increase the investment by USD100m to USD1.1bn into its paper mill at Protrade International Industrial Park. Procter and Gamble Indochina Company increased their investment by USD44.8m into the razor factory at Dong An Industrial Park.

Emergent VN Logistics Development Pte. LTD registered investment of USD34.4m into the logistic centre at Binh Duong's Tan Dong Hiep B Industrial Park.

Binh Duong is regarded as a dynamic province with good infrastructure and simple administrative procedures by investors.

Nguyen Hoang Thao, chairman of Binh Duong People's Committee, promised to continue further completing the infrastructure, improve the business environment and have policies to support businesses.