Nineteen projects with total capital of 1 billion USD received investment licenses at an investment promotion conference of southern Binh Phuoc province on August 20.
Binh Phuoc province grants investment licenses to 19 projects totalling 1 billion USD on August 20 (Photo: VNA)
Binh Phuoc (VNA) – Nineteen projectswith total capital of 1 billion USD received investment licenses at aninvestment promotion conference of southern Binh Phuoc province on August 20.
They consist of nine foreign invested projectsworth over 312 million USD and 10 domestic ones worth over 14 trillion VND (596million USD).
Binh Phuoc, part of Vietnam’s southern keyeconomic region, is currently home to 6,425 businesses whose combined capitalsurpasses 53.5 trillion VND (2.3 billion USD). It recorded 568 new companieswith registered capital of nearly 7.5 trillion VND (322.6 million USD) betweenJanuary and July.
Meanwhile, the province has attracted 22 foreigninvested projects worth 314 million USD so far this year. At present, it houses185 FDI projects, 125 of which has become operational and provided jobs for48,500 people.
Chairman of the provincial People’s CommitteeNguyen Van Tram said Binh Phuoc has paid special attention to developingindustry in recent years. Eight industrial parks covering over 1,190ha of landhave been put into operation. The province expects to have 13 industrial parkswith a total area of nearly 4,700ha and a 28,300ha economic border zone at theHoa Lu International Border Gate by 2020.
Notably, the province is completinginfrastructure and attracting investment into the Becamex Binh Phuoc industrialand residential zone in Chon Thanh district.
This zone covers more than 4,600ha and has beeninvested with 21 trillion VND (903 million USD) to upgrade infrastructure. Ithas been almost fully connected with nearby Binh Duong province and Ho Chi MinhCity, a very favourable condition for investors’ production and businessactivities, he said.
Tram stressed that Binh Phuoc will promoteindustrial restructuring by prioritising industrial products with highcompetitiveness and those serving agriculture. It will also enhance investmentpartnership with other provinces and Vietnamese and foreign businesses.
The province pledges to effectively useinvestment capital, capitalise on internal resources while making use ofexternal factors and foreign capital, especially public-private partnershipinvestments, to boost local development, the official added.-VNA
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Binh Phuoc province grants investment licenses to 19 projects totalling 1 billion USD on August 20 (Photo: VNA) 
