VSIP Binh Duong received nearly US$600 million in FDI

Seven VSIP’s customers ACE Elite; Camoplast Solideal Vietnam; Kimberly Clark; Midea Consumer Electric; Molenbergnatie; Medochemie; and Wonderful Saigon Electrics received investment certificates

February 20, 2014 marked the inauguration of the Binh Duong Province Integrated and Administration Centre at the Binh Duong New City center. Seven of VSIP’s customers received their investment certificates at the inauguration ceremony which was witnessed by the Vietnam Prime Minister Nguyen Tan Dung and key political leaders.
Wonderful Saigon Electrics (Japan) which manufactures printed circuit boards and cameras modules for mobile phones was one of the recipients at the ceremony. They have injected additional US$240 million to their existing investment at VSIP I thus increasing their total investment capital to US$450 million.
Kimberly Clark, a major household name of consumer products from US will raise their total investment capital to US$183 million at their current location at VSIP II to produce baby diapers for local consumption.
Midea Consumer Electric from China has increased their total investment capital to US$81 million to produce white goods for local market.
Other enterprises from VSIP who also received their investment certificates at the ceremony include ACE Elite, Medochemie, Molenbergnatie and Camoplast.
The commitments and pledge from the seven enterprises in VSIP demonstrated their strong confidence and trust in the Vietnam’s growth and potential and also in VSIP and the province.
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