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Binh Duong - An Attractive Place for Foreign Investors

Based on the recent report from the Authority of Planning and Investment in Binh Duong, the total FDI of this province for the first five months  has reached US$815 million. Up to present, Binh Duong has attracted 2,255 projects of FDI with the total value up to US$20 billion. The number shows that the investors still keep positive expectation to the local in particular and Vietnam in general.

Mr. Mai Hung Dung, the Provincial Director of Planning and Investment Department stated that US$43 million of the total US$65 million FDI capital investment was poured into industrial parks in Binh Duong in May.

Japan still keeps the top position in the list of foreign investors in Binh Duong. Korea is the second, followed by Hong Kong and Taiwan. At the present, Binh Duong is under asking for 13 projects permission.

Reference to a statement from one of owners of industrial park, almost foreign investors feel confident about the stability of business investment environment in Binh Duong despite recent disturbances caused during demonstrations by workers and local people against China’s illegal act of placing its oil rig in Vietnam sea areas.

After disturbances, Binh Duong Government Authority implemented strong measures and efficient solutions to solve problems and support enterprises reasonably. The practical actions such as reducing tax, land rental and boosting customs procedures have helped those companies resume operating quickly. All such actions from Binh Duong Government one more time presents effort of the province to create more and more favourable conditions for foreign investors.

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