11:39:06 AM | 4/7/2007
The southern province of Binh Duong has reported a total US$7.1 billion in foreign direct investment (FDI) in 1,045 valid projects, becoming Vietnam’s fourth largest locality in FDI attraction, Vietnam News Agency said.
Between January and June this year, the province drew US$883.9 million FDI, including US$556.4 million from newly-licensed projects and the rest from existing projects’ capital expansion.
Malaysia’s TOYO Ink Group has inked a land-leasing contract to set up US$1 billion thermo-electric power plant with capacity of 1,000 MW at Thoi Hoa Industrial Zone (IZ).
Recently the Malaysian property developer SP Setia and Vietnam’s state-owned Becamex IDC Corp. have signed an agreement to establish a joint venture to build a US$600-million urban town in the province.
IZs in the province have so far pulled in US$4.37 billion in 723 projects, including US$752.9 million in the first half of 2007.
The FDI sector in Binh Duong obtained an industrial production value of VND21.9 trillion (US$1.37 billion) for the first half of the year, representing around 75 per cent of the locality’s total value of VND30 trillion (US$1.87 billion), up 24.5 per cent on-year.
Binh Duong, contiguous to booming southern hub of Ho Chi Minh City, targets more than US$900 million in FDI this year, up 2.5 times from last year. (VNA)
Vietnamese
