Binh Duong sets FDI target of $1b

Confectionary is produced at the Universal Robina Corporation in Binh Duong Province. The southern province is stepping up efforts to draw US$1 billion in foreign direct investment to build modern industrial parks next year. — VNA/VNS Photo Quach Lam

BINH DUONG (Biz Hub)— The southern province of Binh Duong is stepping up efforts to draw US$1 billion in foreign direct investment (FDI) for building well-equipped industrial parks next year. To this end, the province will continue to ramp up the infrastructure in industrial zones (IZs) while choosing projects that are well suited to the locality's development orientation, particularly for energy-efficiency projects. At the same time, it will zone off some 300ha in Bau Bang industrial park for … [Read more...]

Binh Duong targets 1 bln USD in FDI next year

The southern province of Binh Duong is stepping up a gear to draw one billion USD in foreign direct investment (FDI) in well-equipped industrial parks next year. To achieve this, the province will continue to ramp up infrastructure in industrial zones while choosing projects well suited to the locality's development orientations, particularly energy efficient projects. At the same time, it will also zone off some 300 hectares in Bau Bang industrial park to lure garment and support industry … [Read more...]

Ben Cat District aims at comprehensive development

My Phuoc 3 Industrial Park

(VEN) - According to Nguyen Huu Chi, Ben Cat District is trying to make new achievements, especially in industrial sector, go forward in the process of industrialization and urbanization of Binh Duong Province, with a view to becoming a strong provincial economic spearhead and gradually improving local people's lives. Since the re-establishment of Binh Duong Province and especially the implementation of provincial industrial development, Ben Cat District has seen an economic take off. The … [Read more...]

Binh Duong manages stable growth rates

In the first nine months of the year, Binh Duong's exports reached more than US$9 billion in revenue

(VEN) - Binh Duong Province has made efforts to complete its 2013 socioeconomic development plan, maintaining its position as one of the country's leading industrial provinces. Over the past nine months, provincial economy has continued to develop stably with, positive and comprehensive achievements across all sectors. The province achieved 11 percent average growth rate in the first nine months and is expected to reach 12.5 percent for the whole year. According to Director of Binh Duong … [Read more...]

Bau Bang bids for industrial development

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A cotton fibre production line of the Korean KyungBang Viet Nam's $140m textile plant in Bau Bang. — VNA/VNS Photo Quach Lam BINH DUONG (VNS)— Land has been cleared for investment projects in Bau Bang, a new residential and industrial zone in the southern province of Binh Duong, according to Becamex Investment and Industrial Development Corporation (Becamex IDC), the zone's investor. "The zone was built in the northern part of the province with the main aim of reducing pressure at industrial … [Read more...]

Cotton yarn mill operational in Binh Duong

Source: VNA

A cotton yarn mill was put into operation in the southern province of Binh Duong on May 10th after more than 10 months of construction on the first phase of the facility. The initial phase received 40 million USD of investment from Kyungbang Vietnam Limited Liability Company under the Kyungbang Group, one of the leading yarn and fabric manufacturers in the Republic of Korea. Located in Bau Bang industrial zone in Ben Cat district, the 25,920-spindle mill is equipped with Swiss and German … [Read more...]

BUSINESS IN BRIEF 6/11

Maintenance contract inked for fuel factory Mien Trung (Central) Petroleum Construction Joint Stock Company and PetroVietnam Energy Technology Corporation (PV EIC) signed a contract on Friday for maintenance of the Dung Quat Bio-Ethanol Fuel Factory. Under the contract, PV EIC will begin the factory's maintenance activities on December 1, including daily, periodical and general maintenance and repairs. The VND2.2 trillion (US$105.7 million) factory, which is designed to produce 100 million … [Read more...]

Korean company builds fibre factory in Binh Duong

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Kyung Bang Vietnam Co. Ltd, wholly invested by the Republic of Korea's Kyung Bang Group, broke ground on a large-scale fibre factory in the southern province of Binh Duong on October 31. In the first phase, the project, located in Bau Bang industrial zone, Ben Cat district, has investment capital of US$40 million. It covers an area of 160,000sq.m and has a capacity of 6,000 tonnes of fibre per year. The factory is scheduled to be put into operation in 2013. In the past ten months, … [Read more...]

Village devoted to the rehabilitation of women

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Bau Bang village in Danang City is locally-known as a place for recovery of women who were former drug addicts and prostitutes. The municipal government of Danang set up Vocational Training Centre No. 05-06 in Hoa Bac Commune, Hoa Vang District for former sex workers and drug addicts and some of them decided to stay and start a new life in the nearby village of Bau Bang. Tran Thi Minh Nguyet, 57, from the central province of Quang Nam, had an unhappy childhood that led her down this type of … [Read more...]

Urban development plan in Binh Duong province for 2011-2015, vision towards 2020

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BEGIC - The urban development in Binh Duong has achieved particular results in recent years due to the effort of authorities, the participation of businesses and the consensus of the majority of people. Binh Duong urban space has gradually developed as a civilised and modern city which has a good infrastructure. In an effort to prompt the city of civilization, modernity, identity and environmentally friendly as well as the high living standard, Provincial Party issued the program of urban … [Read more...]