The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
BinhDuong (VNA) – The southern province of Binh Duong attracted about1.7 billion USD of foreign direct investment (FDI) in the first 10 months of thisyear, exceeding the goal set for the whole year by 19 percent.
Acccording Chairman of the provincial People’s Committee Nguyen Hoang Thao, thelocality is still working hard to remove difficulties caused by the COVID-19pandemic, towards completing its socio-economic target in 2020.
Binh Duong’s industrial production index (IPI) is expected to increase 8.5percent, and its total retail sales of goods and service to surge 15 percent in 2020.
Meanwhile, the added value of the service sector is forecast to increase 7.3percent, and the export and import turnovers to increase by 5 percent and 10.9percent, respectively.
The locality’s GDP growth is estimated at 6.78 percent and its per capita GRDPand the State budget revenue to reach 151.5 million VND (about 6,542 USD) and over59.6 trillion VND in 2020.
The local authorities have paid special attention to improving the investmentenvironment and changing investment attraction methods in order to make themost of the current wave of capital and technology shifting in the region andthe world, towards creating a premise for the locality’s economic breakthroughin 2021.
The development of transport, logistics, and industrial park infrastructure hasbeen also promoted, aiming to meeting the demand of investors./.
Binh Duong province is pushing ahead with the development of supporting industries to increase the use of local content in manufacturing to reduce costs.
Local industrial parks (IP) in the southern industrial hub of Binh Duong lured 840.5 million USD of investment in the first nine months of 2020, according to the Management Board of Binh Duong IP.
The Vietnam Fatherland Front Committee of Binh Duong province on November 2 sent relief worth 2.6 billion VND (113,000 USD) to 4,300 residents hit by flooding in the central provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue.
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Illustrative image (Photo: VNA) 
