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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
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