Binh Duong plans to lure US$1.4 billion FDI capital in 2018

The Hanoitimes – The southern province of Binh Duong sets target of attracting US$1.4 billion foreign direct investment (FDI) capital in 2018, Tran Thanh Liem, chairman of the province People’s Committee, said. However, the province will select investors carefully with focus on large economic groups and partners with strong economic potentials in high technology, high added value, less labor-intensive and environmentally friendly industries and sectors. The investment attraction will also give priority to industrial parks and industrial clusters in the province, Liem said.   Binh Duong gives priority to FDI projects in high-tech and and environmentally friendly industries He pledged that the province will continuously improve investment environment and infrastructure to ease investors besides enhancing the province’s competitive edge. “The province will issue a range of policies and incentives to further attract investment in hi-tech industries and take advantage of the fourth industrial revolution,” he said, adding that the improvement will be taken in administrative procedures, and land and facility construction. To create a better investment climate, the province’s leaders and authorities will also regularly meet with investors and businesses to help them resolve problems. “Improving the infrastructure system and creating an open dialogue with foreign investors are the keys to attracting investment,” Liem said. Binh Duong last year experienced a prosperous year in FDI attraction with more than US$2.51 billion, up 125 percent against last year and surpassing the yearly target of 79 per cent, according to the province’s Department of Planning and Investment. With the surge, the total… [Read full story]

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