The southern province of Binh Duong has attracted foreign direct investment worth more than US$1.8bil since 2001. This figure is $300mil more than the plan for 2005.
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| In the first quarter of this year, Binh Duong attracted $351.2mil. |
In the first quarter of this year, Binh Duong attracted $351.2mil, fulfiling the yearly plan and trebling the figure of the same period last year.
The province to date has agreed to 775 FDI projects, capitalised at $3.8bil. About 70% of the projects are operational, contributing $1.4bil to the local export turnover.
The achievements were attributed to the expansion of industrial zones, the improvement of administrative procedures, the application of "one-door" policies, and the local authorities' support for businesses and investors.
Deputy General Director of the Kaiser Wood Company, Truong Phuoc Hung, said that his company had decided to invest in Binh Duong province because of incentive policies and local authority's efficiency.
Kaiser, a Taiwan company specialising in producing high quality wooden furniture for export to the United States, has invested $40mil in Binh Duong.
There are 11 industrial zones (IZs) covering 1,910ha in Binh Duong. The province is expanding the My Phuoc and Viet Huong IZs while building an industrial urban complex with full services on an area of 4,196ha to attract more FDI projects.
(Source: VNA) | 
