Korean investors have set up business in Vietnam a lot in the recent years and this country is also the third largest foreign investor in Binh Duong province with 619 projects.

1. Korean investors have set up business in Vietnam a lot in the recent years and this country is also
the third largest foreign investor in Binh Duong province with 619 projects.
At the meeting between Binh Duong People’s Committee and Korean investors held on August
16th, according to reports of Department of Planning and Investment of Binh Duong province on
the attraction of foreign direct investment (FDI) in the first six months of 2017, there was
positive changes. The total FDI capital reached 1.726 billion USD, equal to 123% of the year
plan and increase by 51% over the same period in 2016.
Specifically, there are 97 new projects with capital of 1.034 billion USD, 62 projects adjust and
increase capital of 670 million USD. The sectors attracting a lot of investors are electricity,
electronics, mechanics, pharmaceuticals, chemicals, trade and services…
Particularly for Korean investors, in six months of 2017, there are 16 new projects and 17
projects adjusted for capital increase. Overall, total investment reached 306 million USD.
Accumulated until June 30th, Korea is the third largest foreign investor in Binh Duong (after
Taiwan and Singapore) with 619 projects worth 2.694 billion USD.
With the efforts to improve the investment environment, Binh Duong is always attracted by
investors, the number of foreign investors coming to the province to explore investment
opportunities in the first half of 2017 continued to increase over previous years. FDI attraction
results of Binh Duong is a good signal, affirming that the investment environment of the
province is very attractive to foreign investors.
Binh Duong currently has 28 industrial parks with an area of 10,560 hectares and 11 industrial
clusters with an area of over 802 hectares, occupancy rate reaches over 70%.
Binh Duong is still implementing some new industrial zones and expanding existing industrial
parks such as Bau Bang Industrial Park (1,000 ha), Nam Tan Uyen (446 ha), approving new
investment of An Lap industrial cluster (75 ha).
In the period 2016 – 2020, Binh Duong will develop up to 33 industrial parks with an area of
nearly 15,000 ha.