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Taiwan, Singapore lead FDI in Binh Duong

Released at: 18:22, 04/03/2016

Taiwan, Singapore lead FDI in Binh Duong

Two countries ahead of the pack in first two months of new year.

by Hung Nguyen

With four foreign direct investment (FDI) projects each, valued at $205 million and $188.2 million, respectively, Taiwan and Singapore ranked first and second among countries and territories receiving investment licenses from the Binh Duong People’s Committee in the first two months of 2016.

So far this year, 32 FDI projects, including 21 new projects and 12 expanded projects, together with one domestic project with total capital of $695 million have been licensed in the southern province.

In third place is South Korea with six projects valued at $64 million, followed by Japan with two projects and $54.5 million.

Binh Duong has now licensed 2,623 FDI projects with total investment capital of $24.1 billion, of which 1,561 are in industrial zones with total capital of $15.75 billion and accounting for 65 per cent of total investment.

Mr. Tran Thanh Liem, Chairman of the Binh Duong People’s Committee, said that the province’s leadership are willing to hear investor’s opinions to identify solutions to improving the local investment environment. The province will also focus on implementing support policies, increasing competitiveness to participate in international integration, improving infrastructure, and flexibly implementing solutions to ease difficulties facing investors, making Binh Duong a trustworthy and attractive destination for investors.

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