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.
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. (Photo: VNA)The workshop brought together about 80 Chinese investors and representatives from relevant departments and agencies in Binh Duong.
It provided investors with insights into the investment environment in Vietnam in general and Binh Duong in particular, while helping connect Vietnamese and Chinese businesses amid the COVID-19 pandemic.
Binh Duong currently has 1,515 projects worth over 8.8 billion USD, including 432 valued at 1.3 billion 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 41 million USD from Macau (China).
Projects mainly focus on processing and manufacturing, household utensil production, steel, and electronic components, among others.
Many Chinese investors at the workshop made proposals to the provincial People’s Committee regarding the minimum wage, the land fund for warehousing, and investment procedures.
Bui Minh Tri, head of the management board of industrial parks in Binh Duong, said the province is stepping up its investment attraction. It will reject, however, projects that cause environmental pollution, use many unskilled workers, and consume much energy.
Binh Duong encourages projects in high technology, supporting industries, and high-quality services, he emphasised.
Mai Hung Dung, Vice Chairman of the provincial People’s Committee, pledged that Binh Duong will further press ahead with administrative reforms and facilitate investment.
Binh Duong has also focused resources on completing socio-economic infrastructure, expanding industrial parks, training human resources, and building housing for workers, he said.
The province hopes to receive more support from the Chinese Consulate General in HCM City, the China Construction Bank, and business associations in the two countries regarding investment attraction, he added.
Binh Duong’s gross regional domestic product (GRDP) increased 6.91 percent last year and GRDP per capita stood at 150 million VND (6,500 USD). Its export revenue exceeded 27.43 billion USD and import value over 21.46 billion USD./.
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
