Binh Duong continues improving business climate

Illustrative image (Source: VNA)

Binh Duong (VNA) – The southern province of Binh Duong will continue efforts to improve its business environment and provincial competitiveness index (PCI).

According to the provincial People’s Committee, local officials will hold more dialogues with businesses to collect feedbacks and promptly tackle their difficulties, along with supporting them in production and business activities.

In the first quarter, Binh Duong’s industrial development index grew 7.27 percent over the same period last year. The flow of foreign direct investment (FDI) in industrial parks (IPs) exceeded 1.3 billion USD.

The export turnover of businesses at industrial parks reached 2.8 billion USD, accounting for 43.8 percent of the province’s total export value.

In terms of domestic investment attraction, Binh Duong province drew 9 trillion VND (396 million USD) in registered capital and added investment from 1,132 enterprises.

The province is now home to almost 26,600 domestic businesses with a combined registered capital of 198 trillion VND (8.72 billion USD) and 1,890 FDI enterprises with a total registered investment of 27.1 billion USD).

The province is working on projects to expand the Bau Bang and Nam Tan Uyen IPs, and build the Vietnam–Singapore III and Cay Truong IPs.-VNA  

VNA