Along
with other economic fields, Binh Duong’s FDI attraction in 2013 continued
reaching and surpassing the year’s target. This shows that Binh Duong has
continued being a sustainable investment climate for enterprises at home and
abroad. 
Electronic circuits being manufactured at a Japanese-invested enterprise in My Phuoc 3 Industrial Park
Surpassing 2013 target
In 2013, Binh Duong’s FDI attraction continued thriving. The province absorbed additional 125 new FDI projects with a total investment capital of US$818mln and 124 extra-ones with US$501mln. The whole province has so far drawn 2,208 FDI projects with a total investment capital of US$18.72bln. Along with great capital, province-based FDI projects focused on trade, services, urban development, industries of high technology products with great competitiveness.
The province also lured some FDI projects in industrial manufacture with great capital, including Toin Vietnam Co.Ltd. with US$12mln, Panasonic Ecosolutions Vietnam Co.Ltd. with US$38mln, Maruzen Foods Corporation with US$104mln, NTPM Vietnam Co.Ltd. with US$19.7mln, Kwang Yang Vietnam Co.Ltd. with US$14.3mln, Pepsico Food Vietnam Co.Ltd. with US$40mln…
Like the previous years, Japan continued taking the lead in the number of FDI projects and the amount of investment capital in the province. The whole province has so far lured 204 Japanese-invested projects with a total investment capital of more than US$4bln, accounting for over 9.2% in the total number of the province’s FDI projects and nearly 21.4% in the total amount of the province’s FDI capital.
With the above result, Binh Duong completed and surpassed the year’s target of luring US$1bln in FDI capital. It is known that the province’s annual investment attraction has always reached more than US$1bln for many consecutive years. Also like the previous years, 57% of FDI capital flowing into the province in 2013 focused on industrial parks. This was very suitable with the province’s policy calling for investment towards a sustainable development.
Enterprises’ satisfactoriness
So far, there has been a strong rise in FDI capital in Binh Duong, showing that the province has continued being an attractive destination for investors. Binh Duong has also always seen enterprises’ success as the local success.
The province has created favorable conditions for the development of enterprises. Particularly, the province has concentrated on reforming administrative procedures, building technical infrastructure in a synchronous way, training hi-quality human resources, improving the quality of services…
Toshiyuki Hayashi, CEO of Maruzen Foods Corporation cum General Director of Maruzen Foods Vietnam Co.Ltd. said that after searching Vietnam’s investment climate, the corporation realized that Binh Duong was the best destination for investment. Hence, the corporation decided to make investment in Binh Duong.
Whilst, Saeki Koichi, General Director of Finecs Vietnam Co.Ltd. under the Japanese Finecs Corporation said that his company operated in VSIP 1 for one year and received much support from authorities at all levels of the province. In November 2013, he also attended a meeting with provincial leaders for the first time. He spoke highly of the event, helping province-based enterprises remove their difficulties in production and business for better development.
Possibly speaking, FDI capital has greatly contributed to the development of Binh Duong’s industrial manufacture. In 2013 alone, industrial production value reached VND162.177trillion. Of the total, the FDI sector accounted for 68.7%. Export turnover reached more than US$14.44bln. Of the total, the FDI sector accounted for 81.3%.
The effective operation of FDI enterprises in increasing export products with great competitiveness contributed to bringing the province’s 2013 trade surplus to nearly US$2.9bln. Province-based FDI enterprises also made contributions to the local State budget, job creation, urban and trade infrastructure…
Reported by T.Minh-Translated by K.T
