Binh duong vietnam

To date, it has attracted 3,400 FDI projects with total registered capital of US$30 billion, making it Vietnam’s third biggest foreign investment attractor after Ho Chi Minh City and Hanoi. Binh Duong is pursuing solutions to remove obstacles and help businesses lure more FDI. In the first half of this year, foreign investment in Binh Duong totaled US$850 million, more than 60% of the target. Since 2016, the province has attracted US$5.7 billion worth of FDI. At the current growth rate, Binh Duong will exceed the target of US$7 billion set for its 5-year plan until 2020. The achievements are attributed to Binh Duong’s development of concentrated industrial parks to meet investors’ needs. Most of the projects are arranged in industrial parks and industrial clusters in line with Binh Duong's FDI strategy and environmental protection requirements. High-priority fields are the electrical industry, electronics, mechanics, pharmaceuticals, chemicals, trade, and services. … [Read more...] about Binh Duong creates breakthroughs in investment attraction

Producing electronic components at the Japanese-invested Seibi Semiconductor Vietnam Co. Ltd in the VSIP II Industrial Park in Binh Duong (Photo: VNA) The figure was lower than that of the same period last year, which had grown 7.85% since the first half of 2016. Meanwhile, the province targets a GRDP expansion of 8.5% by the end of 2018. Over the last six months, the local industrial sector grew 8.3%, the services sector expanded 5.3%, and agro-forestry-fishery increased by 3.5%. The industrial production index rose by 8.9% with processing activities posting the fastest pace of 9.2%. Total retail sales of goods and services were estimated at VND92.21 trillion (US$3.97 billion), up 17% year-on-year. Provincial authorities also reported good growth in Binh Duong’s import and export revenue, resulting in a trade surplus of US$2.5 billion in the first half of this year.  Foreign investors poured more than US$854 million into the province, which was 61% of this … [Read more...] about Binh Duong’s GRDP grows 7% in six months

During the past 30 years, Binh Duong has grown rapidly with the mushrooming of industrial parks. The province has attracted 3,400 FDI projects with total registered capital of more than 30 billion USD, ranking third in FDI attraction Vietnam after Hanoi and Ho Chi Minh City. To become a smart city by 2021, the province will focus on improving human resources, modernizing urban planning, enhancing services, expanding resources for development, and developing trademarks and international marketing programs. Mai Hung Dung, Vice Chairman of the Binh Duong provincial People’s Committee and Head of the Binh Duong Smart City Management Board, says “In our Smart City Development project, we have 50 specific activities, 14 of them have been implemented this year. They concern the application of technology, coordination between the state, institutions, and enterprises, and activities to stimulate production and encourage workers to engage with technology.” Binh Duong province … [Read more...] about Binh Duong to become a smart urban area