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Economics

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Investment rushes to Binh Duong Province

March 19, Provincial People’s Committee awarded 16 new investment certificates and renew 13 others for FDI enterprises which have paid out over USD 547 million in capital.The provincial investment environment is still attractive to investors.In My Phuoc 3 Industrial Park, Staz Vietnam Co. Ltd. specialized in producing metal structures for construction registered for USD 4 million of investment while Toin Vietnam Co. Ltd. registered for USD 12 million under new investmetn certificates. Provincial leader stands for photo with representatives of enterprises In Dong An 2 Industrial Park, Rheem Vietnam Co. Ltd. is awarded with investment certificate of USD 10 million for their project of producing electric appliances, common machines, and metal structures.In Dai Dang Industrial Park, Kwang Yang Vietnam Co. Ltd. invests USD 14.3 million to project of producing motorcycles, bicycles, and spare parts under new investment certificate.In VSIP, NTPM Vietnam Co. Ltd. is awarded with license o operate in field of producing toilet papers and related products at total investment of USD 19.7 million.Otusuka Thang Nutrition Co. Ltd. is awarded with investment certificate outside industrial parks at the capital of USD 10 million in field of importing and distributing nutrition food.For this time of investment certificate awarding, investment to VSIP Complex of Binh Hoa-Binh Duong of Singapore and partners has reached USD 199.6 million to the runner-up of Pepsico Vietnam Co. Ltd. which invests USD 40 million to its project in Song Than 3 Industrial Park.The project of producing and assembling electric and electronic equipment and parts of Panasonics Ecosolutions Vietnam in VSIP eyes the third place with USD 38 million.On behalf of new investors to Binh Duong Province, Mr. Takahashi Ogasawara, Director of Panasonic Ecosolutions Vietnam said: “Binh Duong Province offers developed infrastructure meeting the demands of investors. We chose Binh Duong Province to invest.”As a matter of facts, many other companies have increased their investment capital.Provincial People’s Committee Chair, Mr. Le Thanh Cung informed that Binh Duong Provincial authority would be side by side with success of enterprises. He promised to facilitate best conditions for enterprises to invest in terms of infrastructure and administrative policies.Reported by T. Minh – Translated by Vi Bao
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