Southern Binh Duong province takes the lead in attracting foreign direct investment (FDI) with US$1.6 billion, or 37.2 percent of the country’s total FDI, over the past four months.
In spite of the difficult economic times, Binh Duong has attracted a number of important projects recently, especially from Japanese investors.
The Binh Duong Tokyu Urban Residential Area project is most notable, worth US$1.2 billion.
The Binh Duong Provincial People’s Committee on May 11 granted an investment license to the Japanese Dai Nippon Printing – DNP group which specializes in producing and trading printing and packaging machinery and equipment.
The group will build a factory at My Phuoc 3 Industrial Zone in Binh Duong to produce film templates for the packaging industry, with total investment capitalization of US$35 million in the first phase.
The important project will provide high quality materials for the packaging and printing industry to meet the rapid development of the province’s industry and service sectors.
Japan has so far invested in 176 projects, ranking first among 35 foreign investors in Binh Duong province.