Leaders of Binh Duong Provincial People's Committee and Department of Planning and Investment presented investment approval decisions for projects on January 2 - Photo: BA SON
On January 2, the People's Committee of Binh Duong province held a ceremony to grant investment approval decisions and investment registration certificates to a series of domestic investment projects, notably many real estate projects, industrial parks, power infrastructure projects, etc.
There are 3 grid infrastructure projects with a total value of nearly 1,800 billion VND including: Ben Cat 220kV transformer station project and connecting lines, Binh My 220kV transformer station and connection (belonging to the National Power Transmission Corporation).
The project is related to Tan Dinh 2 220kV station (under Southern Power Corporation).
The Rach Bap Industrial Park expansion project of 360 hectares, with a total investment capital of more than 1,000 billion VND, was approved for investment in principle for a company under the system of the Vietnam Rubber Industry Group (VRG).
Notably, in the context of the real estate market in general facing many difficulties, in Binh Duong there are a series of housing projects with procedures being cleared.
Of these, up to 16 commercial housing real estate projects were granted investment approval on January 2.
The total investment with 20 projects granted investment policy approval and 3 projects granted investment registration certificates in Binh Duong is equivalent to 1.7 billion USD.
Mr. Vo Van Minh - Chairman of Binh Duong Provincial People's Committee - said that besides attracting foreign direct investment (FDI), Binh Duong also pays great attention and focuses on investment resources of domestic enterprises.
Especially in the context of the recently approved planning with the goal of Binh Duong becoming a centrally-governed city before 2030, with double-digit growth... the strong participation of businesses is even more needed.
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Mr. Vo Van Minh said that with domestic investment capital, the projects awarded certificates with a scale of 1.7 billion USD will contribute significantly to unlocking business resources, participating with public investment capital to develop urban areas, infrastructure, trade and services, etc.
In terms of foreign investment capital, Binh Duong continues to rank second in the country with 4,400 projects, total investment capital of more than 42 billion USD, accounting for more than 8.5% of Vietnam's total FDI capital.
Mr. Minh said the spirit of the province is to accompany and support investors to the maximum, on the basis of law but also "running and lining up" for development.
In the near future, Binh Duong will start construction of many key projects connecting with Ho Chi Minh City and the whole region. In particular, the Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway and Ho Chi Minh City Ring Road 4 through the province will start construction right after Tet.
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