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Many foreign corporations have chosen Vietnam to become their investment destination to set up business in Vietnam and the most recent project coming from a Korean investor. This is the project to produce tire and automobile airbags of Kolon Industries Corporation (Korea). This “super plant” will be located at Bau Bang Industrial Zone of Binh Duong province. Mr Tran Thanh Liem – Chairman of Binh Duong Province has just signed a memorandum of understanding with leader of Kolon Industries Group (Korea) concerning the implementation of the plant to produce tire and automobile airbag with investment capital up to 1 billion USD. On this occasion, Becamex IDC Corporation has also announced that Kolon Industries leases from them nearly 42 hectares of land in Bau Bang Industrial Zone (Binh Duong province) to put the plant on. According to Kolon Industries Corporation, after more than two years of searching and working with many units and localities in and outside the territory of Vietnam, the...

Binh Duong province of Vietnam has marked early success in attracting investment with large projects licensed in setting up business , mainly in manufacturing. On October 23rd, 2015 the Provincial People’s Committee of Binh Duong has just granted the investment certificate phase 3 of 2015 for 38 enterprises with foreign direct investment (FDI). Total capital reaches nearly 532 million USD, bringing the total FDI capital into this province in 10 months to 1.63 billion USD, increase by 40% compared to the same period in 2014. Also at the ceremony, the Provincial People’s Committee of Binh Duong has witnessed the signing of the lease 80 hectares of land in Bau Bang Industrial Zone to deploy factories specialized in manufacturing bicycles of Active International VN Company (Taiwan). This is a large-scale projects, concentrating 45-60 enterprises specialized in manufacturing bicycles with total investment of 200-250 million USD, which is expecting to create more than 8,000 jobs. Readmore: h...