In 2014, foreign direct investment (FDI) investment into Vietnam - Singapore Industrial Park (VSIP) in Binh Duong Province continued to grow.VSIP Management Board said that the fourth quarter has not ended but it could be affirmed that, in 2014, the attraction of investment in VSIP of Binh Duong Province continued to achieve positive results. Only in the first 3 quarters of 2014, VSIP has attracted more than USD 541.5 million, equivalent to 212.6% compared with the same period in 2013 and reached 80.5% compared with 2014 proposed plan. Of the amount, there are 17 projects certified as new investment with total registered capital of USD 73.6 million and 27 projects of capital increment by nearly 468 million US dollars.
For the result, VSIP in Binh Duong Province has attracted 412 investment projects in all, of which 392 FDI projects of nearly USD 5.4 billion and 20 projects of domestic enterprises of registered capital of VND 3,834 billion.
VSIP Management Board asserted that favorable policies of the government for new projects and projects of expanding industrial parks have enabled more FDI pouring and prompting enterprises to expanse investment in 2014.
In addition, favorable investment environment, especially VSIP in Binh Duong Province with ready infrastructure and utility services to timely meet the needs of project expansion. Concurrently, the good signs of a modern and transparent admnistrative regime has been approved by local authority and people of Binh Duong Province through the inauguration of Binh Duong New City on February 20, 2014 have created more investment luring.
Assessing the situation of effective investment attraction as above, Mr. Ly Hung, Deputy Manager of VSIP Management Board said that this is the stage of greatest investment luring to VSIP in 2014. This also shows that FDI firms are of interest and preferential option for investment into VSIP.
Reported by T. Minh – Translated by Vi Bao
