09:03 | 06/04/2016 Economy
An additional 481 million USD in foreign direct investment (FDI) landed in the southern province of Binh Duong in Quarter I, representing a year-on-year increase of 19 percent.
Manufacturing medical equipment at Medovations Viet Nam - Photo: nhandan.com.vn
Of the total capital, 356 million USD came from newly-registered projects and 125 million USD from adjusted-capital projects. Eighty-eight percent of the investment was poured into local industrial zones.
To achieve the result, the locality paid a lot of attention to building and developing relations and promoting international investment. This included the establishment of cooperative ties with Eindhoven city of the Netherlands, the province of East Flanders (Belgium) and Deagu city (the Republic of Korea).
Last year, Binh Duong province welcomed 106 foreign delegations who came to study the province’s business climate. At the outset of 2016, the province also signed cooperative agreements with the Netherlands’ Emmen and Hoovegeen cities and their enterprises.
In addition to addressing any difficulties and enhancing enterprises’ production, through dialogues with businesses and sectors, the province also provides prompt external services for businesses investing in the locality.
Binh Duong is now home to 26 industrial parks, covering a total area of 8,800 hectares. The average occupancy rate is 65 percent. Some 2,625 FDI enterprises are operating in the locality with a total registered capital of more than 24.1 billion USD.
The locality plans to lure 1.4 billion USD in FDI in 2016. It vowed to continue to improve the local business climate and provincial Competitiveness Index by giving further support to investors, stepping up administrative reforms and ensuring social welfare./.