Southern province holds special ceremony to grant licenses to newly-registered projects and existing projects adding capital.
Thirty-eight firms were granted investment licenses by the Binh Duong People’s Committee at a special ceremony on October 23, with total capital of $531.82 million.
Twenty-three are newly-registered projects with investment of $203.1 million and 15 are adding $328.7 million in capital to existing projects.
In first ten months of the year investment in the province stood at $1.632 billion, representing 163 per cent of the annual target and an increase of 40 per cent year-on-year. There have been 165 newly-registered projects with investment of $910.98 million and 107 existing projects that increased their capital by a total of $721.77 million.
The special ceremony was held to express the province’s appreciation of investments being made, according to the Chairman of the Binh Duong People’s Committee Tran Van Nam. All of the investments are long-term, he added.
The province will effectively implement the socio-economic development plans of the government, he went on, and adopt flexible solutions to support enterprises. Measures will be introduced to improve the investment environment and simplify administrative procedures.
The ceremony also witnessed the signing of an agreement between the DDK Group and Becamex IDC, in which the former will lease 80 ha at the latter’s Bau Bang Industrial Park to manufacture bicycle accessories and plastic items.