Foreign direct investment (FDI) inflow into Binh Phuoc in 2021 tripled last year’ figure though the southern province has been hardly hit by the fourth wave of COVID-19 infections, according to the provincial People’s Committee.
Binh Phuoc (VNA) – Foreign direct investment(FDI) inflow into Binh Phuoc in 2021 tripled last year’ figure though the southernprovince has been hardly hit by the fourth wave of COVID-19 infections, according to theprovincial People’s Committee.
This year, the province attracted 70 FDI projects, doubling2020’s number, while total registered investment amounted to 600 million USD, a triple increase from the previous year and 1.5 times higher than the yearly plan.
Binh Phuoc is currently home to 346 FDI projects with totalinvestment reaching close to 3.58 billion USD.
The province, meanwhile, raked in more than 10 trillion VND (435.16million USD) in investment into 100 domestic projects. It has 13 industrialparks, covering a total area of 4,686 hectares. The average occupancy rate reaches 81 percent,with seven industrial parks achieving full occupancy.
It has adopted multipleꦆ incentives for social housing developmentprojects for factory workers and those in tourism, education𒊎 and healthcare./.
The southern province of Binh Phuoc recorded economic growth of 7.51 percent in 2020 thanks to its outstanding efforts in containing COVID-19 and promoting economic development, according to a local official.
The Index of Industrial Production (IIP) in the southern province of Binh Phuoc increased 16.7 percent year-on-year in the first five months of 2021, according to the provincial Department of Statistics.
The index of industrial production (IIP) of southern Binh Phuoc province increased by 15.63 percent year-on-year in the first seven months of this year over the same period in 2020, according to the provincial Department of Statistics.
The southern province of Binh Phuoc enjoyed a trade surplus of 1.2 billion USD in the first 11 months of 2021, according to the provincial Department of Statistics.
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Illustrative photo. (Source: VNA)
