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Binh Duong province aims to attract 1.4 billion USD in FDI

The southern province of Binh Duong has set a target of attracting 1.4 billion USD in foreign direct investment (FDI) in 2018, according to Tran Thanh Liem, Chairman of the provincial People’s Committee.
Binh Duong province aims to attract 1.4 billion USD in FDI ảnh 1Illustrative image (Source: binhduong.gov.vn)
Binh Duong (VNA) - The southern province of Binh Duong hasset a target of attracting 1.4 billion USD in foreign direct investment (FDI)in 2018, according to Tran Thanh Liem, Chairman of the provincial People’sCommittee.

Liem said that the province will prioritise partners with strongeconomic capacity and large economic groups, as well as projects using hightechnology friendly to the environment, and investment in industrial parks andclusters.

He said that in order to continue attracting FDI, in the coming time, theprovince will focus on improving the investment environment, enhancing competitivenessand strengthening support for businesses.

Binh Duong will also complete its infrastructure system such astransport, water supply, electricity and waste treatment system, while creatingland for projects, developing human resources, added Liem.

Currently, Binh Duong has 29 industrial parks with a total area of12,790 hectares, of which, 26 have been operating. Under its master plan, by2020, the province will have 34 industrial parks with a combined area of over15,000 hectares.

In 2017, the province lured over 2.5 billion USD of FDI, exceeding theyearly target by 79 percent, up 125 percent over 2016. Of which, 80 percentwere disbursed, higher than the average figure of the previous years at 78percent.-VNA
VNA
#Binh Duong #foreign direct investment (FDI) #Tran Thanh Liem #infrastructure system #industrial parks #Vietnam #Vietnam news #Vietnam News Agency Binh Duong

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