Since early 2019 to October 31, more than USD 2.77 billion in FDI were licensed to invest in the province, a year-on-year increase of 69 percent and exceeding the plan set for the whole year (USD 1.5 billion), making the province rank third in attracting FDI nationwide, according to the recent report of the province’s Department of Planning and Investment.

Binh Duong province has attracted nearly USD 34 billion in 3,700 FDI projects from 64 nations and territories, mainly concentrating on industrial production, trade and service.

leftcenterrightdel
Photo for illustration

To lure FDI sustainably, the province has launched the investment attraction renovation program in the 2016-2020 period, with the aim of raising the FDI capital to USD 7 billion.

In the 2011-2016 period, nearly 75 percent of FDI capital focuses on industrial production and FDI enterprises have contributed to more than 67 percent of the locality’s total industrial production value.

In 2018 only, the FDI sector contributed more than 49.6 percent of the total social investment and accounted for around 20 percent of the province’s budget revenues.

Source: VNA