Le Thanh Cung, Chairman of the Provincial People’s Committee, said the scale of investment depends on specific needs, technological skills and business plans.
The province always encourages businesses to rise more local raw materials, improve the quality and competitiveness of products, and promote industrial development in line with urbanization and environment protection policies.
Binh Duong is expected to attract more than US$1 billion foreign direct investment (FDI) in 2014. This year’s FDI inflows have already reached US$1,2 billion or more, bringing the total figure to nearly US$19 billion so far.
Products of potential strength include garments annually earning more than US$1.5 billion in export revenue, timber products (more than US$1.2 billion) and others in the footwear, electricity-electronics and food processing sectors.
