Despite the common difficulties, Binh Duong’s FDI attraction in the first seven months of 2011 reaped positive results, showing that Binh Duong has still an attractive destination for investors.
Climbing up two rankings in investment capital
There have been 43 provinces and cities under the central management with new FDI projects licensed in the first seven months of 2011, according to the Foreign Investment Department under the Ministry of Planning and Investment.
Binh Duong absorbed more foreign investors in the first seven months of the year
Among them, Hai Duong topped the list of localities receiving FDI capital, with total investments of US$2,472.7mln or accounting for 32.4% of total registered capital. HCM city was second, with US$1,588.6mln or equal to 20.8%, followed by Ba Ria-Vung Tau with US$478.2mln, equal to 6.3%; Tay Ninh with US$428mln, equal to 5.7%; Ninh Thuan with US$266mln, equal to 3.5%...
Meanwhile, Binh Duong in the first seven months of 2011 ranked 9th in the amount of investment capital, with US$214.9mln and was third in the number of projects. If compared to the first half of the year, Binh Duong climbed up two rankings in investment capital with the 7th ranking in total registered capital and 3rd ranking in the number of projects.
In the first seven months of the year, the number of FDI projects flowing into Binh Duong increased by 10 compared to last year’s same period. Binh Duong also saw a twofold increase in investment capital (about US$104.8mln)…
Further overcoming difficulties
Binh Duong has made efforts in reforming administrative procedures and calling for investment into its industrial compounds and parks over the past time.
For the rest of the year, provincial People’s Committee has mapped out many measures for sectors and agencies at all levels to improve common difficulties, promoting the local investment attraction.
They have also been required to seriously implement the resolutions of provincial Party Committee and People’s Council on 2011’s socio-economic development; the Government’s Resolution No.02/NQ-CP dated Jan.9, 2011 and Resolution No.11/NQ-CP dated Feb.24, 2011 on measures to curb inflation, stabilize the marco-economy and ensure social welfare; further remove queries and focus on compensation and site clearance; organize meetings with businesses, helping them remove their obstacles for better development…
With the above efforts, it is hoped that Binh Duong’s investment attraction will further gain positive results.
Reported by Trung Dong-Translated by K.T
