LATEST NEWS
The provincial government of Binh
Duong on Tuesday awarded invest-
ment certificates to 29 foreign-invest-
ed projects with total newly-pledged
and additional capital of over US$547
million.
Thirteen operational projects in the prov-
ince raise their capital by some US$171
million, while 16 new projects with a
combined investment capital of nearly
US$376million are registered.
Most of these projects are set up by in-
vestors from Asian economies like Japan,
Singapore, Thailand, South Korea and Tai-
wan. The majority of them are manufac-
turing projects.
Still, foreign investors in Binh Duong are
also involved in service, trade, real estate
and production of hi-tech products, ac-
cording to the provincial government.
The largest project licensed on Tuesday
is VSIP Binh Hoa-Binh Duong Complex
worth some US$199.6 million to be built
on an area of 6.8 hectares in Vietnam Sin-
gapore Industrial Park I (VSIP I) by VSIP
Joint Venture Company. The project con-
sisting of a residential area with offices for
rent, apartments and accommodations
for specialists will get off the ground late
this year.
BINH DUONG LURES OVER US$500 MILLION OF INVESTMENT
Meanwhile, Toin Corporation of Japan
will spend US$12 million developing a
packaging-paper factory in My Phuoc 3
Industrial Park. The factory covering two
hectares will be carried out this July and
completed by the end of this year.
Panasonic Eco Solutions Vietnam Co.
Ltd. will build a plant for production, as-
sembly, processing, design and testingof
electric and electronic devices. The plant
worth US$38 million will be located in
VSIP.
Taiwanese motorbike producer Kymco
will set up a factory covering six hectares
in Dai Dang Industrial Park. The US$23-
million factory will be put into operation
late this year to replace the current fac-
tory of Kymco in HCMC.
PepsiCo Vietnam will invest US$40 mil-
lion in SongThan Industrial Park tomake
processed food.
Among the investors adjusting up their
capital, URC Co. Ltd. of the Philippines
spends an additional US$50 million ex-
panding its food and beverage produc-
tion, while Hariki Precision Vietnam Co.
Ltd. pours US$11.5millionmore intopro-
ductionof precisionengineeringcompo-
nents for industrial manufacturing.
LeThanhCung, chairmanof BinhDuong,
told the awarding ceremony the prov-
ince still achieved good results in invest-
ment attraction despite the troubled
economy.
Many large foreigngroups have invested
in service and real estate besides indus-
trial manufacturing. Foreign investors
are operatingmore andmore efficiently,
so they decide to raise capital to expand
operations, he remarked.
Binh Duong last year lured over US$2.8
billion of foreign direct investment,
up 253% over the preceding year,
accountingfor17.1%of thenation’s total.
There were 123 fresh projects with total
registered capital of US$1.69 bil-
lion and 130 projects increasing their
capital by nearly US$1.15 billion.
(Source: The Saigon Times Daily)
Japanese investors pose for a picture with Binh
Duong Chairman Le Thanh Cung (L, 3rd) and
Japan’s Consul General in HCMC Haramitsu
Hida (L, 2nd) after receiving their investment
certificates
1. NTPM (Vietnam) Co., Ltd.
2. Panasonic Eco Solutions Vietnam Co., Ltd.
3. Dynaplast Packaging (Vietnam) Co., Ltd.
4. Glatz Finepaper Vietnam Co., Ltd
5. Hariki Precision Vietnam Co., Ltd
6. Anheuser – Busch Inbev Vietnam Brewery Company Limited
7. BIC Japan Co., Ltd.
8. Puratos Grand-Place Vietnam Limited
9. Rohto Mentholatum Vietnam Co., Ltd.
10. URC Vietnam Company Limited
New License
New License
Amended License
Amended License
Amended License
Amended License
Amended License
Amended License
Amended License
Amended License
OUR HEARTIEST CONGRATULATIONS TO THE FOLLOWING COMPANIES INVSIP FOR RECEIVING
THEIR INVESTMENT CERTIFICATES FROMTHE BINH DUONG PEOPLE’S COMMITTEE
1 3,4,5,6,7,8