Southern Binh Phuoc province became one of Vietnam’s top 10 FDI recipients for the first time in the first half of this year, after attracting 16 foreign projects with capital of $632 million in the period, local authorities have said.

Value was up more than 12-fold compared to the first half of 2022 and represented 200 per cent of the annual target, the Tuoi tre (Youth) online newspaper reported.

The province also attracted 15 domestic projects with capital of VND3.5 trillion ($147 million).

It posted GRDP growth of 7.27 per cent in the first half; the highest increase in the southern region.

Binh Phuoc has attracted 378 FDI projects to date, with combined capital of over $4 billion.