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In 2009, together with the common difficulties of the country, Binh Duong managed to excel its targets of export and FDI attraction. This is an encouraging result and a big encouragement for the locality to finish its 2010 plan.

Export finished amid difficulties

According to the local administration, despite pressure of severe competition from Asian nations, new regulations of staple export items of garment, footwear and so on, the local export revenue in 2009 continued to reach a good growth with the value of nearly US$7bil, a 5.8% rise over 2008. The provincial companies win more new markets of Iraq, Belarus, Tuynidi, and Trinidad – Tobago and so on, aside from traditional ones of Taiwan, EU, Japan, and Korea… Thanks to market expansion, the local enterprises’ goods have appeared across 100 nations and territories.

Apart from staple items of furniture, handicraft, footwear, garment, rubber, farm produce…, the local export items have appeared more new products of electronics, components, and tires and so on.

Assessing the locality’s export results, Bui Xuan Khu, vice minister of Trade and Industry Ministry said that the locality’s export results in 2009 showed a good growth.

FDI attraction exceeds plans

Along with export, FDI capital continued to flow into the province sharply with 99 more projects, capitalized at US$2,022mil and 125 capital-added projects, lifting the local FDI capital up to nearly US$13bil.

Notably, the number of big projects has been increased highly with the participation of nations of Neitherland, Finland, Denmark, Britain, and Italia… Moreover, FDI source has mainly focused on investing in IPs in conformity with local orientation.

Especially, the locality reached positive results of capital disbursement, amid difficulties in 2009. Assessing FDI attraction in the locality, Nguyen Xuan Trung, vice head of Foreign Investment Bureau said ‘It is an indispensable result of dynamic, transparent policies. The local FDI attraction has created positive impacts on other localities and has considered as a precious lesson for them.

The province is home to 28 IPs covering nearly 9,000ha. At present, the locality has actively promoted investment attraction, given supports for enterprises to call upon investment from nations of Japan, EU, and the US. This is a premise to finish the local targets in 2010.

Reported by T.Minh – Translated by A.C