In 2012, Binh Duong absorbed US$2.6bln in FDI capital. This figure also helped Binh Duong take lead in FDI attraction, contributing to reshaping the local image over the past time and it was also a result of the local preparatory process of welcoming investors from many previous years.
Top investment climate
Binh Duong last year took lead in FDI attraction with US$2.6bln, which was double compared to the locality ranked second in this field. This further affirmed that Binh Duong is still very attractive to investors because of its top investment climate.
Regarding the US$1.2bln Tokyu Binh
Duong Garden City project, Toshiaki Koshimuar-CEO of the Japanese Tokyu Group
said: “Six months ago, I paid a visit to Binh Duong. Realizing that Binh Duong
has an attractive investment climate with the great potential of the Binh Duong
new city, Tokyu
Group decided to make investment in Binh Duong and this is our right
selection”. 
Provincial People’s Committee Chairman Le Thanh Cung guiding Japan’s Minister of Land, Infrastructure, Traffic and Tourism Hata Yuichiro (right) to visit Binh Duong new city in October 2012
Also in 2012, Binh Duong drew more than US$1bln in FDI capital increased by enterprises. Mitsuyoshi, General Director of Wonderful Saigon Co.Ltd. said: “Our company has begun operating since 2006 with an initial investment capital of US$2mln and 100 laborers. So far, we have raised investment capital to US$240mln and hired more than 2,300 laborers. Binh Duong’s stable investment climate was a decisive element for us to increase investment capital for production-business expansion”.
Whilst, Low Sin Leng, former CEO of Vietnam-Singapore Industrial Park Joint Venture Company said: “This is the best successful project of SembCorp Industries of Singapore. During my working period herein, I was welcomed in high esteem by provincial leaders. Provincial leaders’ whole-hearted help contributed to promoting VSIP’s development over the past time…”.
Positive results
Binh Duong last year lured 105 new FDI projects with total investment capital of US$1.58bln and 114 extra-ones with more than US$1bln. Thus, Binh Duong has so far 2,117 FDI projects with total investment capital of more than US$17.3bln. Most projects focused on industrial manufacture, positively affecting the local socio-economic development.
To achieve the above results, Binh Duong over time concentrated on developing industrial parks’ infrastructure; promoting urban development in association with traffic system development; training qualified human resources at investors’ requirement…For better results, provincial People’s Committee Chairman Le Thanh Cung affirmed: “Binh Duong always goes along with enterprises. To welcome new investment wave, Binh Duong will further bend on investing in technical infrastructure; training human resources in a methodical way; taking care of laborers’ lives…These preparatory steps will help investors uphold investors’ effectiveness for a long-term attachment with Binh Duong”.
Reported by Trinh Binh-Translated by K.T
