In the first 6 months of 2024, Binh Duong attracted more than 824.6 million USD in foreign direct investment (FDI). This result shows that Binh Duong still has many advantages in attracting FDI because of good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion.
Investors trust
According to the Department of Planning and Investment, in the first 6 months of 2024, Binh Duong attracted more than 824.6 million US dollars. Among them, there are 96 new projects with a total investment capital of more than 464.6 million USD; 66 projects adjusted their capital to increase by more than 264.8 million USD; 62 projects registered to contribute capital and buy shares with a total capital contribution value of 95.1 million USD.
Industrial parks (IPs) in the province attracted 74 new investment projects, 46 projects adjusted to increase capital, 33 projects registered to contribute capital and buy shares with a total registered investment capital of 684.6 million US dollars, accounting for 93% of total FDI capital in the province. Outside the industrial zones, 22 new investment projects were attracted, 16 projects adjusted to increase capital, 29 projects registered to contribute capital and buy shares with a total registered investment capital of 61.2 million USD, accounting for 17 % of total FDI capital in the province. The processing and manufacturing industry continues to be a field that attracts a lot of attention from foreign investors with 71 newly registered investment projects, 54 projects adjusting to increase capital, and 41 projects registered to contribute. capital, buying shares with a total investment capital of 779.5 million USD, accounting for 94.54% of total registered investment capital.
With a favorable location, large premises, and preferential policy mechanisms, Binh Duong is still creating a strong attraction for investors. In addition to new projects, in the first 6 months of 2024, many investors continue to invest in new, more modern machinery lines, expand production and business factories to increase productivity. Recently, the world's largest jewelry company Pandora (Denmark) started construction on the Pandora Production Vietnam factory in VSIP 3 Industrial Park. This is Pandora's third production facility and also the first Pandora factory to be built. built outside Thailand, with a total investment capital of more than 150 million USD (about 3,800 billion VND).
Mr. Michael Zinck Jensen, Head of Project Department of Pandora Production Holding Company in Binh Duong, said the project is being implemented according to plan. On behalf of Pandora Group's leaders, he thanked the Binh Duong provincial government for creating favorable conditions for Pandora to implement the project. The group commits to putting the factory into operation on schedule, to create jobs for thousands of workers in the province.
Improve the quality of new capital flows
Mr. Trinh Hoang Tuan Anh, Deputy Director of the Department of Planning and Investment, said that along with innovating and modernizing management, creating favorable conditions for investment activities of domestic and foreign enterprises, departments , industry and local authorities promptly remove obstacles, create an open and transparent environment, and attract attention from potential investors.
In the first 6 months of 2024, there are more than 20 countries and territories with investors in Binh Duong, of which investors from Singapore lead with nearly 309 million USD, accounting for 37.5% of total capital. register; Samoa ranked second with 162.4 million US dollars, accounting for 19.7% of total registered capital; China ranked third with 99.6 million US dollars, accounting for 12.1% of total registered capital; Next are Hong Kong (China), Canada, Korea...
According to the Department of Planning and Investment, FDI capital is still making a major contribution to the province's economic development. In the first 6 months of 2024, although newly registered capital tends to slow down, additional investment capital and capital contributions and share purchases of foreign investors in Binh Duong still increase steadily, especially with many large-scale projects. large, consistent with the province's investment attraction orientation. Recently, in addition to preparing good infrastructure, Binh Duong has also actively improved the business investment environment; Build and promote your image before international partners and investors.
To continue to be a destination for foreign investors, Binh Duong is making efforts to implement transport infrastructure projects connecting the region, planning industrial zones and clusters, and redesigning development and attraction spaces. High-quality FDI, promoting digital transformation, green economy, circular economy in accordance with sustainable development goals. Mr. Mai Hung Dung, Standing Member of the Provincial Party Committee, Standing Vice Chairman of the Provincial People's Committee, said that for Binh Duong, in the process of economic development, FDI enterprises are always a source of external resources with a role and position. special. Therefore, Binh Duong always creates the most favorable conditions for FDI enterprises to operate effectively.
In order to create a stronger change in the business environment, improve competitiveness, and contribute to successfully implementing the goals and tasks of the 2024 socio-economic development plan, many solutions attract Binh Duong will continue to promote quality FDI capital flows in the coming time. In particular, the province continues to promote administrative reform, build infrastructure, train high-quality human resources, and create an attractive business environment for investors.
In the first 6 months of 2024, the total newly registered foreign investment capital, adjustments and capital contributions and share purchases across the province reached more than 824.6 million USD. Binh Duong currently ranks third in the country (after Ho Chi Minh City and Hanoi) in attracting foreign investment capital with 4,322 valid projects with a total registered investment capital of more than 41 billion USD, accounting for more than 10.6% of the total number of projects and 8.5% of the total foreign investment capital of the country.
Source: Binh Duong Newspaper
