Along with its breakthrough in FDI attraction, Binh Duong has continued creating positive change in domestic investment attraction with many large-scale projects in industrial manufacture. This shows that domestic enterprises have still grown up in the current difficult context.
In the first seven months of 2012,
Binh Duong absorbed additional 6 domestic investment projects capitalized at
more than VND4.07trillion (equivalent to US$200mln) and many other extra-ones.
The whole province has so far had 12,856 domestic enterprises with a total
chartered capital of nearly 98.86trillion (equivalent to US$4.8bln) and 202
domestic investment projects licensed with a total investment capital of nearly
US$48.06bln (equivalent to US$2.4bln). 
Fibre being manufactured at Duy Nam fibre factory invested by Thien Nam Investment and Development Joint Stock Co.
The largest domestic project is the US$160 million Toan Thep Radian truck tyre factory invested by the Southern Rubber Industry Joint Stock Company (CASUMINA) with a total registered capital of VND3.38trillion (equivalent to US$160mln).
Covering more than 12 hectares in Tan Uyen district’s Uyen Hung township, the factory is divided into three phases with the total capacity of 1mln tyres a year. CEO of Casumina Nguyen Ngoc Tuan said that once completed, the factory will help Casumina reach additional nearly VND5trillion in annual revenue; pay more than VND500bln for State budget and generate jobs for 1,200 laborers.
Le Thanh Cung, chairman of provincial People’s Committee said that this is a field full of potentials and the factory is located in the center of the Southern Key Economic Zone with advantages about production materials and traffic infrastructure, so it will enjoy many opportunities for robust growth in the coming time.
In the face of Binh Duong’s favorable investment climate, many domestic projects have increased capital for production expansion. Ma San Industrial One-Member Co.Ltd. has reached the highest figure for capital increase with VND600bln. Covering 11 hectares at the Tan Dong Hiep An Industrial Park in Di An town, the company has a total investment capital of VND1.5trillion for the initial period
According to company Deputy General Director Nguyen Tan Ky, his company’s capacity will increase by 30% with 201,100 tons of various products after this capital increase.
Binh Duong has also absorbed many factories invested by domestic enterprises specialized in manufacturing products that have been imported for a long time. Duy Nam fibre factory invested by Thien Nam Investment and Development Joint Stock Co. at the Binh An Industrial Zone in Di An town is a typical example for this.
This is a fibre factory with modern technology, specializing in producing high-quality 100% cotton fibre to export to hard-to-pleased markets. It is expected to increase total capacity of the company’s system up to 150,000 fibre bundles, and about 25,000 tons cotton yarn per year, 80% of which will be for export and the remainder for domestic sales, creating jobs for 1,600 people.
Ho Thi Kim Thoa, Deputy Minister of Industry and Trade said that factory’s operation will enhance competitive capacity of Vietnamese fibre in the international market as well as reduce import of materials and increase national garment and textile export.
Reported by Trong Minh-Translated by K.T
