Binh Duong secures $301.5 million in FDI in two months

Thursday, Mar 04, 2021 08:09

Wooden furniture being produced at Malaysia-invested RK Resources Co in Binh Duong Province. — Photo

Foreign direct investment (FDI) flows to the southern province of Binh Duong during January-February topped US$301.5 million, a year-on-year increase of 63 per cent, the provincial People’s Committee said on Tuesday.

Thirteen projects were granted investment registration certificates in the period, with total registered capital of $254 million. Meanwhile, two projects registered to add $3.5 million to their existing operation.

As much as $44 million was injected into 21 projects in the locality through capital contribution.

To date, the southern industrial hub is home to 3,948 FDI projects with total capital of $35.8 billion.

It is not only one of the leading localities in FDI attraction but also an attractive destination for domestic investments. The province lured more than VND8.65 trillion ($377.5 million) from domestic investors in the first two months of the year. — VNS

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