Many Provinces in the Southeast Attract FDI

Many Provinces in the Southeast Attract FDI

The southern provinces attracted many projects with large registered capital, contributing to the total newly registered capital, increasing and contributing capital to purchase share of the FDI projects nationwide, is US$ 33.09 billion in 11 months of 2017, up 53.4% over the same period in 2016

Processing and manufacturing industries attract capital

In the first 11 months of 2017, HCM City was the leading province in attracting FDI with US$ 5.68 billion, accounting for 17.2% of total investment in Vietnam. In particular, the manufacturing and processing industry made up 24.7% of nearly US$ 480 million, up 5.4 times over the same period last year.

Binh Duong is one of the southern provinces with the highest FDI inflows in the country. According to the Department of Planning and Investment of Binh Duong province, in the first 11 months, the total foreign investment capital which registered, newly liciensed, adjusted and contributed capital to purchase shares in the province reached US$ 2.546 billion, up 125% over the same period 2016. FDI contributed more than 49% of the total social investment, more than 67% of industrial production value and accounting for over 82% of export turnover of Binh Duong province. Notably, most of the FDI capital in Binh Duong invested in the processing and manufacturing sector, including many high technology projects.

In addition, some provinces in the South, such as Dong Nai, Ba Ria-Vung Tau, Long An, Tay Ninh and Binh Phuoc have also made outstanding progress in attracting FDI in recent months, promising a year big win. Dong Nai province, up to November 11, has achieved the early goal of attracting FDI reached nearly US$ 1.18 billion, surpassing nearly US$ 180 million compared with the plan in 2017.

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