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Binh Duong creates favourable conditions to attract investment

by NDO26 May 2021 Last updated at 16:00 PM

Furniture production at Scancom Vietnam company at Song Than Industrial Park, Binh Duong province. (Photo: NGOC THANH)
Furniture production at Scancom Vietnam company at Song Than Industrial Park, Binh Duong province. (Photo: NGOC THANH)

VTV.vn - The southern province of Binh Duong has attracted nearly US$1.3 billion in foreign direct investment (FDI) since early this year, equivalent to 159% of the figure from same period in 2020, thanks to its efforts in implementing “dual goal”.

The province is focusing on building an innovation area including a science-technology park, a service urban area, and an innovation start-up ecosystem in addition to completing sections of the belt roads No.3 and No.4 to ease congestion for National Highway 13 and the My Phuoc-Tan Van route.

The local authorities are also considering the expansion of other roads and building of overpasses and underpasses at major intersections to facilitate travel and the transportation of goods.

Binh Duong became one of the localities with the highest GDP growth rates and saw its Provincial Competitiveness Index (PCI) rank fourth in 2020.

The province has attracted 3,974 FDI projects with a total registered capital of US$36.5 billion from 65 countries and territories worldwide, accounting for 9% of the total national FDI attraction and standing third in the FDI attraction rankings, after Ho Chi Minh City and Hanoi.

Binh Duong set the target of attracting over US$9 billion in FDI capital in the 2021-2025 period with the priority given to high-tech projects.

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