US firms explore investment opportunity in Binh Duong
A delegation of US firms led by Sivan Yam, President of the US – Vietnam Chamber of Commerce met with authorities of the southern province of Binh Duong to explore investing in the province.
Illustrative image (Photo: VNA)Binh Duong (VNA) – A delegation of US firms led by Sivan Yam, President of the US – Vietnam Chamber of Commerce met with authorities of the southern province of Binh Duong to explore investing in the province.
According to Vice President of the provincial People’s Committee Mai Hung Dung, the province’s export value has accounted for 12 percent of the nation’s total value.
Currently, the locality has 26 industrial parks, spanning over 10,500 hectares, and 10 industrial clusters on 707 hectares, with occupation rates at 70 percent and 65 percent, respectively.
Dung pledged that local authorities will offer favourable conditions for investors, including those from the US.
Dung lauded the US investment projects in the province and expressed his hope that the foreign direct investment (FDI) flow from the US to the province will increase, particularly among joint activities to promote ties between the two nations.
Sivan Yam expressed his delight with the achievements the province has made in past years, particularly in infrastructure and administrative reform, and improving the business climate, saying that the province is an ideal investment destination.
As of now, the US has poured over 650 million USD in the province, ranking sixth among investors in the locality.
Most of the US-funded projects are in hi-tech sectors, using a small labour force and environmentally-friendly.-VNA
You should also see
Prime Minister receives Apple CEO
Prime Minister Pham Minh Chinh received visiting CEO of Apple Tim Cook in Hanoi on April 16, who he once met in the US in September 2022.
See more
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
