Business

Binh Duong commits support to Japanese firms

Secretary of the Party Committee of Binh Duong province Nguyen Van Loi has pledged all the best conditions possible to foreign investors so they can undertake long-term business effectively in the southern locality.
Binh Duong commits support to Japanese firms ảnh 1Secretary of the Party Committee of Binh Duong province Nguyen Van Loi speaks at the event (Photo: VNA)
Binh Duong (VNA) – Secretary of the Party Committee of Binh Duong province Nguyen Van Loi has pledged all the best conditions possible toforeign investors so they can undertake long-term business effectively in the southern locality.

Duringa local dialogue with Japanese firms on October 20, Loi asked the provincial People’sCommittee to remove obstacles and take steps to improve the businessenvironment and further accelerate administrative reforms.

He wished that the Japaneseenterprises would foster a spirit of mutually beneficial cooperation, partnering with Binh Duong to adopt new management models forgreen business, green technology and sustainable development. Additionally,there should be an emphasis on enhancing digital transformation to improve productivity.

Binh Duong prioritises attracting investment to eco-friendly technology sectors that use less labour and createhigh added value. These include financial services, logistics, support industries, high-techagriculture, and particularly the Science and Technology Industrial Park. The province wants diversified foreign investment sources fromvarious markets and potential partners, with a particular focus on leadingdeveloped countries and multinational corporations that possess advancedtechnology and modern management practices.
The Japanese companies raised issues relatedto their difficulties in labour permits, customs procedures, newinvestment in firefighting, traffic congestion caused by cargo trucks,environmental fees, and infrastructure maintenance in industrial parks.

Japan now ranks second among 65 countries and territories investingin Binh Duong province, with a total of 351 projects worth nearly 6 billion USD. Taiwan (China) took the top spot with 876 projects valued at 6.3 billion USD. Singapore held the third position with 289 projects and 5.4 billion USD.

As of October 15, Binh Duong attracted atotal of 4,185 projects from 65 countries and territories with a total registeredcapital of over 40 billion USD. It now ranks second nationwide in terms of FDIattraction, behind Ho Chi Minh City./.
VNA
#Japanese firms #Vietnamplus #Vietnam News Agency #foreign investors #traffic congestion #digital transformation #Party Committee of Binh Duong province Binh Duong Japan
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