Binh Duong’s FDI inflows double yearly goal

The southern province of Binh Duong raked in 3 billion USD in foreign direct investment (FDI) last year, doubling the year’s 1.5-billion-USD plan.

0
404

 

Binh Duong is now home to over 3,700 FDI projects, with combined capital of 34.3 billion USD, invested by 65 countries and territories. The province ranks second in the country in foreign investment attraction.

Last year’s new projects aligned with the province’s priorities and met environmental standards.

From 2016 – 2020, manufacturing accounted for a majority of FDI so the province has been encouraging FDI flows in trade, services and hi-tech.

The RoK was Binh Duong’s fifth largest foreign investor in 2019 with nearly 3.2 billion USD injected into over 800 projects, most of which in textile and garment, footwear, automotive support industry, healthcare, beauty products and food processing./.

VNA