April 06, 2018 | 16:53 (GMT+7)
Binh Phuoc enjoys impressive growth in FDI attraction
The Southern province of Binh Phuoc attracted 11 investment projects totaling USD 100 million in the first quarter of 2018, approximately equal to this year’s target.
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Binh Phuoc attracted 11 investment projects totaling USD 100 million in the first quarter of 2018. |
The figures represented year-on-year rises of 175 percent in the number of projects and 912 percent in capital.
Secretary of the provincial Party Committee Nguyen Van Loi on April 5 attributed the positive results to effective investment promotion measures.
The province plans to organize a large-scale investment promotion program in May to attract more domestic and foreign investors.
Since the beginning of this year, there were 221 newly-established enterprises with a registered capital of VND 3.5 trillion (USD 153.3 million).
Although it saw a breakthrough in investment attraction, the province was ranked the 62nd out of the 63 localities in terms of provincial competition index.
Loi asked for drastic measures to improve the position in the time ahead.
Source: VNA