Southern Binh Duong province takes the lead in attracting foreign direct investment (FDI) in the first four months of this year, with US$ 1.6 billion, accounting for 37.2 percent of the country’s total FDI.
Workers assemble car at a factory of Mercedes Benz-Vietnam.
The Binh Duong Tokyu Urban Residential Area project is the largest project in the locality, with total registered capital of US$ 1.2 billion.
The Binh Duong Provincial People’s Committee on May 11 granted an investment licence to the Japanese Dai Nippon Printing – DNP group which specialises 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 capital of US$ 35 million in the first phase.
This is an important project which provides 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 167 projects, ranking first among 35 countries and territories investing in Binh Duong province.