Impressive figures
Contributing to the common success after 25 years of FDI attraction in Vietnam, Binh Duong has so far had 2,145 projects, capitalized at US$18bil, accounting for over 8.5% of investment capital from the whole country.
Capital source of FDI in Binh Duong not only contributes thousands of billions of VND to local budget but places stable jobs for nearly 500,000 laborers, owing to FDI capital source in the province focusing mainly on industrial production.
Specifically, FDI capital source accounts for nearly 81.8% of export turnover and over 69.5% of total value of provincial industrial production.
FDI attraction changes industrial infrastructure rapidly. From a locality with restrictions of infrastructure facilities, Binh Duong has had exemplary industrial parks to impetus investment attraction. Therefore, the entire province has so far 28 industrial parks such as Song Than 1, 2, Dong An, VSIP1,2, My Phuoc 1,2,3, Bau Bang, etc.
With advantages of geological position and abundance of material source as well as well invested traffic network, the province has lured many projects.
Strong attraction of FDI increases synchronous development of technical and social infrastructure facilities, better provision of services, manpower quality, etc. These advantages have helped Binh Duong become one of province leading in FDI attraction.
Destination for investors
Possibly speaking, Binh Duong has effectively applied its policies; so many businesses have flocked to the province. Over the past 3 years, Binh Duong’s FDI attraction has surpassed its annual plans. Notably, in the past the locality lured US$2.6bil in FDI capital and $643mil in the first quarter of 2013.
At the investment certificate granting ceremony for a $104mil project invested by Japan’s Maruzen Foods Corporation, the corporation’s general director, said “after research and survey, we realize that Binh Duong is an ideal destination for our project. With a smooth investment environment and well-invested infrastructure facility as well as enthusiastic assistance from local functional agencies, we feel secure about our investment determination”.
After a decision of increasing investment capital, Santi SakGumJorn, general director of Srithai Vietnam Co.Ltd., said “I choose Binh Duong because of real results after many years operating in the locality”.
Binh Duong’s achievements of FDI attraction during 25 years show the provincial administration’s dynamic policies. Promoting the results, the locality lured new projects in the first quarter of 2013. These are important projects, being considered as convincible proof on local investment environment.
Reported by P.Giang – Translated by A.C
