Foreign investors pump $1.3 billion into Binh Duong in first half of year

Saturday, Jul 06, 2019 08:12

Wooden furnitures are made by workers at the Taiwanese Kaiser 1 Furniture Industry Co in Binh Duong Province. — Photo

Foreign enterprises invested US$1.3 billion into the southern province of Binh Duong in the first half of 2019, according to the provincial People’s Committee.

The latest addition lifted foreign direct investment (FDI) in the province up to $33.6 billion in more than 3,620 projects.

The province, a magnet for foreign investment in the South, is home to 29 industrial zones with a total area of more than 12,700ha, of which 82.3 per cent has been occupied by enterprises.

It is now calling for investment in the hi-tech industry, part-supply industry, information technology, electronics, mechanical manufacturing, precision industry, trade, services, infrastructure development, training and human resource development.

Local leaders have committed to simplifying and shortening the time for enterprises to start their business, and authorities now process companies’ applications for business certificates in a maximum of two working days, and have cut time to settle an administrative procedure by half.

According to committee chairman Tran Thanh Liem, the province will further its efforts to improve the investment climate and boost administrative reform to improve its competitiveness.

In addition, dialogues with local enterprises would be organised regularly to remove problems in a timely manner, Liem said. — VNS

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