Binh Duong targets $1.7b in FDI
BINH DUONG
(VNS) - The southern province of Binh Duong hopes to attract US$1.6-1.7
billion in foreign direct investment this year, People's Committee's Chairman
Le Thanh Cung has said.
Speaking at a ceremony to mark the third phase of issue of
investment certificates this year to investors yesterday, he said that in the
year-to-date the province had attracted $1.4 billion, which is 140 per cent
of the year's target and 26 per cent up year-on-year.
The investments have been in 113 new projects worth $673
million with the remaining going into 99 existing ones.
He told Viet Nam News that another $200-300 million is likely
in the remaining months.
The province has attracted investors in every field including
industry, services, urban development, and housing, he said.
But in the first nine months investment in property has not
been very high.
Cung hoped this would change later this year when the property
market recovers.
Yesterday the province issued investment certificates for 42
projects, 37 of them foreign and 19 of them new.
One of the companies to get the certificate was Esquel Garment
Manufacturing Viet Nam Company Ltd, which was affected by the riots in May.
The company is increasing its investment by $35 million.
A company spokesperson hailed the support provided by Binh
Duong authorities following the riots as well as their transparency.
The province is rezoning manufacturing areas based on its
socio-economic development master plan, manufacturing areas plan, and urban
plan to gradually move companies from urban areas and the south to the north.
Some companies have already moved under this plan. - VNS
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Thứ Ba, 16 tháng 9, 2014
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