Business

Binh Duong: Promoting Vietnam-China investment ties

The People’s Committee of southern Binh Duong province, in coordination with Becamex IDC and the Chinese Consulate General in Ho Chi Minh City, organised an online workshop on March 19 to promote Chinese investment.
Binh Duong: Promoting Vietnam-China investment ties ảnh 1The People’s Committee of southern Binh Duong province, in coordination with Becamex IDC and the Chinese Consulate General in Ho Chi Minh City, organised an online workshop on March 19 to promote Chinese investment. (Photo: VNA)
Binh Duong (VNA) - The People’s Committee of southern Binh Duong province, incoordination with Becamex IDC and the Chinese Consulate General in Ho Chi MinhCity, organised an online workshop on March 19 to promote Chineseinvestment.

The workshop broughttogether about 80 Chinese investors and representatives from relevantdepartments and agencies in Binh Duong.

It provided investorswith insights into the investment environment in Vietnam in general and BinhDuong in particular, while helping connect Vietnamese and Chinese businessesamid the COVID-19 pandemic.

Binh Duong currentlyhas 1,515 projects worth over 8.8 billion USD, including 432 valued at 1.3billion USD from mainland China, 845 worth 5.4 billion USD from Taiwan (China),234 worth 2.1 billion USD from Hong Kong (China), and four worth nearly 41million USD from Macau (China).

Projects mainlyfocus on processing and manufacturing, household utensil production, steel, andelectronic components, among others.

Many Chineseinvestors at the workshop made proposals to the provincial People’s Committeeregarding the minimum wage, the land fund for warehousing, and investmentprocedures.

Bui Minh Tri,head of the management board of industrial parks in Binh Duong, said theprovince is stepping up its investment attraction. It will reject, however, projectsthat cause environmental pollution, use many unskilled workers, and consumemuch energy.

Binh Duongencourages projects in high technology, supporting industries, and high-qualityservices, he emphasised.

Mai Hung Dung,Vice Chairman of the provincial People’s Committee, pledged that Binh Duongwill further press ahead with administrative reforms and facilitate investment.

Binh Duong hasalso focused resources on completing socio-economic infrastructure, expandingindustrial parks, training human resources, and building housing for workers,he said.

The province hopesto receive more support from the Chinese Consulate General in HCM City, theChina Construction Bank, and business associations in the two countries regardinginvestment attraction, he added.

Binh Duong’sgross regional domestic product (GRDP) increased 6.91 percent last year and GRDPper capita stood at 150 million VND (6,500 USD). Its export revenue exceeded27.43 billion USD and import value over 21.46 billion USD./.
VNA
#Binh Duong #Becamex IDC #Chinese Consulate General #Chinese investors #COVID-19 pandemic #Vietnam #VietnamPlus #Vietnam news Binh Duong
Follow VietnamPlus

Related News

Binh Duong permits foreigners’ entry for working

Binh Duong permits foreigners’ entry for working

Chairman of the Binh Duong provincial People's Committee Nguyen Hoang Thao on March 9 issued a document allowing foreign experts to enter the locality for working after the COVID-19 pandemic is kept under control.
Binh Duong prepares best possible conditions for Japanese investors

Binh Duong prepares best possible conditions for Japanese investors

Binh Duong is committed to creating the best conditions possible for investors, particularly those from Japan, said Chairman of the provincial People’s Committee Nguyen Hoang Thao at an online conference held on March 9 to promote Japanese investment into the southern province.
Binh Duong promotes green urban spaces

Binh Duong promotes green urban spaces

With impressive socio-economic growth over recent years, Thu Dau Mot in southern Binh Duong province is striving to become a modern and green city to improve the quality of life of local people.

See more

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.