Binh Duong IPs attracts more than $840 million of FDI in nine months

Thursday, Oct 22, 2020 16:53

An industrial park corner in Binh Duong Province. Local industrial parks (IP) lured US$840 million of investment in the first nine months of 2020. — VNA/VNS Photo Duong Chi Tuong

Local industrial parks (IP) in the southern industrial hub of Binh Duong lured US$840 million of investment in the first nine months of 2020, according to the Management Board of Binh Duong IP.

The figure accounted for 67.9 per cent of total foreign direct investment (FDI) of the province in the period.

In the period under review, the locality saw 75 newly-licensed projects, along with the addition of capital to 56 ongoing projects, and 157 share purchase deals.

Major projects included one in real estate worth $78 million invested by H9BC Investment, another worth $30 million by Singapore’s Sung Shin Tech Limited, and a $20 million one by Singapore’s Ever Giant International Private Limited.

In order to complete the dual target of preventing the spread of COVID-19 and boosting economic development, the People’s Committee of Binh Duong has issued regulations on receiving foreign experts to the locality for short-term working, meeting the demand for skilled workers in the province. — VNS


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