BÌNH DƯƠNG – Bình Dương Province approved nearly US$1 billion worth of new foreign investment last Friday.
Textile firm Polytex Far Eastern Việt Nam Co., Ltd., belonging to Taiwan’s Far Eastern Group, is investing $610 million to expand its polyester synthetic fibre manufacturing and spinning facility at the Bàu Bàng Industrial Park.
The conglomerate already has $1.37 billion worth of investment in Bình Dương.
Cheng Loong Bình Dương Paper Co., Ltd. is set to invest $100 million in its paper plant at the Protrade International Industrial Park, taking its total investment to around $1.1 billion.
Procter & Gamble Indochina Co., Ltd. will add $44.8 million to expand its razor blade factory at the Đồng An Industrial Park.
Singapore-based New Motion Industrial Co. Ltd is set to invest $185 million to set up a display monitor manufacturing factory, warehouse and office at the Phú Tân Industrial Park.
Singapore’s Emergent VN Logistics Development Pre. Ltd will build the ECPVN Bình Dương 2 logistics centre at a cost of $34.4 million at the Tân Đông Hiệp B Industrial Park.
Bình Dương ranks third in FDI this year after HCM City and Hà Nội as its efforts to improve administrative procedures and create a favourable investment climate pay off.
As of May 15 it had attracted $1.25 billion worth of FDI, a 59 per cent increase year-on-year. – VNS
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