Binh Duong approves potential investments worth $1.7 billion

January 03, 2025 | 16:38

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Binh Duong People's Committee granted in-principle investment approvals for 20 projects and investment registration certificates for three projects, with a combined value of over $1.7 billion, at a ceremony on January 2.

Binh Duong approves potential investments worth $1.7 billion

Photo: baodautu.vn

The 20 in-principle approvals include several large-scale projects in the fields of urban areas and infrastructure, such as QP Township JSC's investment of VND3.8 trillion ($149 million), while Bac Binh Duong Real Estate JSC will inject VND3.7 trillion ($145 million) into the Binh My housing scheme.

Vinh Phu National Housing Organisation Co., Ltd is putting VND3.4 trillion ($133.6 million) into the Starview Complex housing venture while Tan Viet Phat Real Estate JSC is developing the Tan Viet Phat Apartment Tower, worth VND3.2 trillion ($125.7 million).

In the energy sector, the National Power Transmission Corporation will invest VND1.1 trillion ($43 million) into the 220kV Ben Cat 2 substation and VND441 billion ($17 million) into the 220kV Binh My substation.

Likewise, Southern Power Corporation has been approved to implement the 220kV Tan Dinh 2 substation with an investment of VND247 ($9.7 million).

Industrial infrastructure will also see a boost with An Dien Industrial JSC engaging construction and technical infrastructure for the expanded 360-hectare Rach Bap Industrial Park worth VND1 trillion ($39 million).

The three projects awarded investment registration certificates include a $9.9 million ready-built factory by Vista Investment and Trading Co., Ltd.; a $6.7 million bicycle manufacturing factory by Farina Food Co., Ltd.; and a $5.9 million paper packaging factory by Toan Phat Printing & Packaging Co., Ltd.

Binh Duong has set a goal of achieving regional GDP of 10 per cent for 2025.

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By Thanh Van

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