Binh Duong lures over US$3 billion in foreign investment

The volume of foreign direct investment (FDI) saw a year-on-year increase of 49 per cent to US$3 billion in the southern province of Binh Duong in the January-November period, according to the provincial People’s Committee.

A worker makes light bulbs for a Japanese company in Dong An Industrial Park in the southern province of Binh Duong. — VNA/VNS Photo

The volume of foreign direct investment (FDI) saw a year-on-year increase of 49 per cent to US$3 billion in the southern province of Binh Duong in the January-November period, according to the provincial People’s Committee.

The committee said that more large-scale businesses have invested in technology and real estate in 2019.

Binh Duong ranks second nationwide in terms of FDI attraction, after the southern economic hub of HCM City. The province is carrying out a revamped programme for FDI attraction, putting more efforts into luring investment from potential partners and global companies.

The province is drawing FDI projects that use advanced and environmentally-friendly technologies that are less labour intensive with higher added value. — VNS

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