The southern province of Binh Duong reported an 81 per cent jump in foreign direct investment in the first nine months to US$2.42 billion. — Photo tbck.vn

The southern province of Binh Duong reported an 81 per cent jump in foreign direct investment in the first nine months to US$2.42 billion.

Nguyen Thanh Truc, director of the provincial Department of Planning and Investment, said the investments are from 34 countries and territories.

“Binh Duong ranks second in attracting FDI in Viet Nam with more than 3,670 projects with total registered capital of over $34.7 billion.”

Of the investments this year, $1.23 billion is in new 164 projects. In 2016, Binh Duong decided to revamp its development model, and has achieved a breakthrough in attracting investment.

“Strategies for becoming a smart city in recent years have achieved positive results. The Binh Duong smart region was in fact honoured in 2019 for having among the most outstanding strategies for a smart city in the world.” — VNS