Binh Duong FDI attraction hits 180 mln USD over two months

09:03 | 06/03/2015 Economy

The southern province of Binh Duong attracted nearly 180 million USD in foreign direct investment (FDI) from 20 new and 16 expanded projects in the first two months of this year.

Binh Duong FDI attraction hits 180 mln USD over two months

At the Vina Kraft Paper Co. Ltd in the My Phuoc 3 Industrial Park of Binh Duong (Photo: VNA)

According to the provincial Department of Statistics, most of the FDI capital was poured into industrial production during the reviewed period.

Omexay Industrial Rubber JSC and Chen Ho Textiles CO., Ltd of Taiwan (China) invested 20 million USD and 12.5 million USD, respectively in building rubber and fibre production plants in the locality.

Other businesses added their capital to beer, solid tire and plastic production projects.

Binh Duong has thus far lured 2,412 foreign-invested projects with a total registered capital of nearly 20.66 billion USD, including 1,404 worth nearly 12.53 billion USD operating in industrial parks.

Among 39 countries and territories investing in the province, Japan has contributed the largest amount of capital with nearly 4.74 billion USD.

It is followed by Taiwan with 4.65 billion USD; the Republic of Korea with 1.92 billion USD and Singapore with 1.77 billion USD.

Source VNA