Binh Duong makes economic breakthroughs in 2019
The southern province of Binh Duong has emerged as a spotlight nationwide in economic and industrial development in 2019.
Illustrative image (Source: VNA).
The southern province of BinhDuong has emerged as a spotlight nationwide in economic and industrialdevelopment in 2019.
The locality expects to record a 9.5 percent growth in its grossregional domestic product (GRDP) this year, while GRDP per capita income is estimatedat 146.9 million VND (over 6,350 USD at current exchange rate).
Thanks to efforts made by local authorities, Binh Duong comesthird nationwide in foreign investment attraction in 2019, with total foreigninvestment exceeding 3.07 billion USD, up 50 percent year-on-year, and 119.57percent against the target set for 2019.
Regarding aggregated foreign investment , the province rankssecond, after Ho Chi Minh City. It is now home to 3,755 valid projects worth34.23 billion USD.
Japan takes the lead among 65 countries and territories investingin the locality with 314 projects valued at 5.61 billion USD, making up 14.4percent of the total figure, followed by Taiwan (China) and Singapore.
Binh Duong aims to lure more investment in such sectors ashigh-tech, support industry in service of auto and motorbike manufacturing andassembling, financial services, logistics, high-tech agriculture and newindustry-based sectors./.
