Another 1 billion USD of foreign capital registered for investment in Binh Duong
With its investment environment, favorable location, large area, and preferential mechanisms and policies, Binh Duong is still creating a strong attraction for foreign investors.
According to Mr. Vo Van Minh - Chairman of Binh Duong Provincial People's Committee, in July 2024, the province attracted 70 million USD of foreign investment capital, including 20 new projects and 8 projects with increased capital, 11 projects with contributed capital.
In the first 7 months of the year, the province has attracted more than 1.065 billion USD. Of which, there are 110 new projects with a total investment capital of more than 487 million USD; 81 projects adjusted capital to increase by more than 566 million USD. In addition, there are projects registered to contribute capital and buy shares.
Thus, up to now, Binh Duong has 4,332 foreign investment projects with a total investment capital of 40.9 billion USD. Currently, the province has economic and investment relations with 65 countries and territories. Binh Duong is one of the top 3 provinces and cities in the country in attracting foreign investment capital.
Binh Duong Provincial People's Committee said that Binh Duong always creates the most favorable conditions for FDI enterprises to operate effectively.
Open more industrial parks to welcome investors
Currently, Binh Duong is upgrading existing industrial parks. Promoting the development of green and smart industrial parks. Attracting foreign investment will also be more carefully selected. Orientation to attract green production investment projects, minimizing environmental impacts, using clean fuels...
Binh Duong province is continuing to open more industrial parks to attract foreign investment. Notably, VSIP 3 Industrial Park located in Tan Uyen city and Bac Tan Uyen district, Binh Duong province with a scale of about 1,000 hectares is under construction. This industrial park prioritizes attracting high-tech industries, developing green economy, minimizing environmental pollution and prioritizing attracting high-tech projects... It is expected that this industrial park will create jobs attracting 35,000 workers.
Although still under construction, there are currently dozens of companies interested in leasing industrial land to build factories here. To date, this industrial park has attracted 8 projects with a total investment of over 1.6 billion USD. Notable among them are the 1.3 billion USD project of the Lego Group and the 150 million USD jewelry factory of the fashion brand Pandora. Binh Duong province has also started construction of the An Lap Industrial Cluster (Dau Tieng district) with a construction area of 75 hectares and an investment capital of about 450 billion VND.
Binh Duong Provincial People's Council has decided to unanimously approve the 1/2,000 scale construction zoning plan for Cay Truong Industrial Park, in Lai Uyen town and Cay Truong II commune, Bau Bang district.
