TWO CONSECUTIVE GRAND OPENING CEREMONY OF FDI PLANTS IN VIETNAM SINGAPORE INDUSTRIAL PARK

Binh Duong, 7 June 2012 – TBC-Ball Beverage Can Vietnam Limited Company commences the operation of its plant today in Vietnam Singapore Industrial Park (VSIP II – Phase II), located in Binh Duong Province’s Tan Uyen District. Covering 8 hectares, the plant will have an initial annual production capacity of 850 million cans, mostly supplying contracted customers in Vietnam as well as exporting beverage cans to neighboring countries, and can be expanded to meet growing demand. The total investment of the plant is about US$50 millions.

Yesterday, Fujikura Fiber Optics Vietnam Co., LTD (FOV) also announced the official operation of its second factory at VSIP I. The one-hectare expansion of FOV was kicked off since the success of its first plant in VSIP I from 2001. This second project will continue its manufacturing specialized in fiber optic components used in Telecommunication & Data communication systems with the high technology transferred from Fujikura Group in Japan and globally.

In the first half of the year 2012 (as of 06 June 2012), VSIPs in Binh Duong have attracted an additional  US$468 million in total registered capital, an increase of 60% compared to the same period last year, reaching 156% of the US$300 million target of this year. “Most current firms in VSIP Binh Duong are in good operations,” cited as the report of the VSIP Binh Duong Management Board. Moreover, newly-registered enterprises and expanded-capital enterprises have already implemented their projects, especially large scale ones.

Though facing curtain difficulties due to the global economic downturn, the foreign direct investment (FDI) landscape at VSIP in the first half of the year 2012 keeps positive. The number of new projects is not higher than last year; however, the number of projects larger in land size and registered capital is much higher. It proves the fact that the effectiveness of FDI inflows has increased, whereas capacity per each hectare of land has also been improved. This trend meets the Provincial policy which aims to lure more high technology FDI enterprises into Binh Duong.