Binh Duong magnetizes nearly $1.7 billion FDI capital in 2014

According to Le Thanh Cung, chairman of the People’s Committee of Binh Duong Province, the province has attracted nearly US$1.66 billion of foreign direct investment capital, reaching 165.5 percent of this year’s plan, up 23 percent over the same period last year.

Of which, there were 151 newly-registered projects with total registered investment of $812 million and 126 existing projects adding for an additional investment of $843 million.


Up to now, the province has 2,375 valid FDI projects with total investment of more than $20.3 billion.


Binh Duong Province is now standing at the third place in FDI attraction, behind Thai Nguyen Province and Ho Chi Minh City.


As for local investment attraction, the province has drawn nearly VND12 trillion, with 2,055 newly-registered businesses, and 377 businesses increasing registered capital.


On December 17, the province’s People’s Committee held a ceremony to grant investment licenses to 29 FDI companies and a Vietnamese company. Of which, 16 newly-registered projects cost more than $115 million; 13 existing projects asked to increase capital for an additional investment of $89.1 million; and the project of the Vietnamese company added an investment of nearly VND450 billion.

There were five provinces which saw FDI attraction crossing $20 billion, comprising of Ho Chi Minh City with nearly $40 billion, Ba Ria – Vung Tau with $27 billion, Hanoi with $23.4 billion, Dong Nai with 21.1 billion, and Binh Duong with 20.3 billion.