Among the projects, 20 are newly licensed with a combined capital of US$189 million, and 19 are operational, registering for additional capital of US$525 million.
Investors mainly focus on high technology and highly competitive industrial production. Just to name some, the Republic of Korea’s Nexfil is investing US$30 million in an insulating film production line; Japan’s Tanaka Ai Vietnam is pouring US$20 million in cosmetics accessories manufacturing; and Japan’s Yamazaki Vietnam is funneling US$15 million into household utensil production.
A favourable and efficient investment environment has prompted many businesses to increase capital and expand operations in Binh Duong.
Thailand’s paper Kraft Vina has decided to invest US$150 million more in expanded production to meet local demands and for export. The company began operation in 2010 at an initial investment of US$180 million.
Binh Duong has built a synchronous infrastructure system, developed quality human resources, improved service quality, accelerated administrative reforms, and timely addressed investor concerns.
The province is poised to capitalize on the Trans-Pacific Partnership (TPP) agreement expected to be signed in 2014. Accordingly, it will build an industrial park covering more than 300ha to support garment investors.
To date Binh Duong has attracted more than 2,250 FDI projects totaling US$19.4 billion.
