The southern province of Binh Duong on February 15 granted licenses to seven foreign-invested projects and one domestic project.
The new projects are the $160 million Toan Thep Radian truck tyre factory invested by the Southern Rubber Industry Joint Stock Company (CASUMINA); a $8 million Singaporean - invested cattle-feed factory operated by Biomin Vietnam Co. Ltd; a $5.2 million wood furniture factory invested by Hoa Net Wood Co. Ltd; and a $1.5 million partition building material factory by the Republic of Korea (RoK)’s Pan Asia Co. Ltd.
Projects that have increased capital include: the Japanese-invested Sun Steel JSC project, raising capital from $120 million to $420 million; the Philippine-invested Liwayway Food Industry Co. Ltd. project adding $6 million; the Singaporean-invested United International Pharma Co. Ltd. project $6 million; and the RoK-invested Core Electronics Co. Ltd. project $1 million.
At the ceremony, Chairman of the provincial People’s Committee Le Thanh Cung said the province will continue to help investors and businessmen tackle difficulties to create favourable conditions for them to carry out projects.
In January 2012, Binh Duong attracted 8 more foreign-invested projects worth $157 million and 65 domestic projects worth VND3,500 billion.
So far, the province has drawn a total of 2,000 foreign-invested projects with registered capital of over $15 billion and nearly 13,000 domestic projects capitalized at VND95,000 billion.