At the ceremony to grant investment certificates to 19 projects in Binh Duong province. (Photo: baobinhduong.vn)
Those include two logistic and property projects jointly invested by US private equity firm Warburg Pincus and Investment and Industrial Development Corporation (Becamex IDC) with a total registered capital of USD135.2 million and a USD25 million-garment and textile project of Apparel Far Eastern Co., Ltd of Taiwan.
According to Tran Thanh Liem, Chairman of the provincial People’s Committee, together with creating a sound business climate, the province has committed to supporting investors, removing bottlenecks and working to further improve local business conditions.
In the first two months of 2018, the province attracted USD435 million in foreign direct investments (FDI). Most of the capital was poured into the processing and manufacturing industry (63.2 percent) and trade and real estate sector (36.74 percent).
With a total registered investment of USD30.66 billion, Binh Duong ranked second in terms of FDI attraction, accounting for 9.5 percent of the country’s FDI flow./.