Binh Duong attracts $2.6 billion in FDI

The southern province of Binh Duong said it lured over $2.6 billion in foreign direct investment in 2012.

The local economy expanded 12.5 per cent compared to the preset target of 13.5 per cent. The average personal income reached VND44.2 million ($2,200) this year.

Industry and service sectors account for 62 per cent and 34.2 per cent of the province’s GDP.

Industrial production value was estimated at VND140.66 trillion, up 14.2 per cent.

Growth can also be seen in food processing, beverage, garments, footwear, leather, timber, paper, chemicals, rubber, and electronics.

Binh Duong’s export turnover increased 16 per cent to about $12.129 billion.

Source VGP