Overview of the meeting (Source: baobinhduong.vn)

Binh Duong (VNA) – The southern province of Binh Duong will create the best possible conditions for investors, including those from Taiwan (China), said Vice Chairman of the provincial People’s Committee Tran Thanh Liem. 

The province will continue to upgrade its infrastructure, including the route linking the locality with the southern key economic region, the official told Taiwanese businesses and investors during a dialogue on October 28. 

He added that the province will also build and expand industrial parks and streamline administrative procedures. 

At the dialogue, Taiwanese firms raised questions regarding Binh Duong’s labour policies and electricity supply in the industrial parks. 

They suggested building ports, setting up cooperation in labour supply between universities and businesses based in the locality, and constructing schools for foreign experts’ children. 

According to Nguyen Thanh Truc, Director of the provincial Department of Planning and Investment, Binh Duong lured nearly 1.7 billion USD in foreign direct investment (FDI) in the January-October period, up 8.9 percent year-on-year and surpassing its yearly target by 19.8 percent. 

The province had 211 new projects valued at 1 billion USD and 105 adjusted ones with added capital of 606 million USD. 

As of mid-October 2016, Taiwan ranked second among countries and territories investing in Binh Duong with 738 projects worth nearly 5.15 billion USD. 

In the first ten months of 2016, Taiwanese businesses invested in 28 new projects and added capital to 14 others, with a combined capital 131 million USD.-VNA