Binh Duong’s FDI attraction rises 63% in two months

Wednesday, 2021-03-03 11:22:25
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NDO – The Southern province of Binh Duong said that it attracted US$301.5 million worth of foreign direct investment (FDI) in the first two months of 2021, a sharp 63% increase compared to the same period last year.

In the two-month period, 13 new projects were approved with a total registered capital of US$254 million, two projects supplemented their capital with US$3.5 million,and 21 projects received total capital of US$44 million contributed by foreign investors.

With its impressive results, Binh Duong ranked fourth in FDI attraction in the first two months of this year after Can Tho, Hai Phong and Bac Giang.

During the period, the province also attracted VND8,656 billion worth of capital from domestic investors including 727 investors registering new projects and 143 investors expanding their current projects.

So far, the province has 3,948 valid FDI projects with a total pledged capital of US$35.8 billion run by investors from 66 countries and territories across the world.

Binh Duong has always been one of the leading localitiesin FDI attraction in recent years, which is an important resource for the province to bring its annual GDP growth rate to two times higher than the national average growth rate.

The province is currently ranks third in FDI attraction, after Ho Chi Minh City and Hanoi.