Business

Binh Duong remains attractive to foreign investors

The southern province of Binh Duong attracted 59 foreign direct investment (FDI) projects in the first 10 months of this year, a local official told a conference on November 19.
Binh Duong remains attractive to foreign investors ảnh 1At the conference (Photo: VNA)
Binh Duong (VNA) – The southern province ofBinh Duong attracted 59 foreign direct investment (FDI) projects in the first10 months of this year, a local official told a conference on November 19.

During the period, 23 FDI projects in Binh Duong alsoincreased their capital, while 155 others contributed capital or purchasedshares with total registered investment exceeding 1.9 billion USD, according toVice Chairman of the provincial People’s Committee Mai Hung Dung.

As of October 31, the province counted 4,008 projects worth37 billion USD from 65 countries and territories, ranking second nationwide in FDIattraction, only after Ho Chi Minh City.

Binh Duong has set up cooperative ties with 10 foreigncities and provinces, and become an official member and a reliable partner ofthe Intelligent Community Forum (ICF), the Horasis Asia Meeting and the WorldTrade Centres Association (WTCA), Dung said at the online conference that soughtways to lure more investments from Taiwan (China).

He affirmed that after the COVID-19 pandemic was broughtunder control, Binh Duong has entered the “new normal”, restored socio-economicactivities and further invested in infrastructure to better serve domestic andforeign investors.

Binh Duong always pays attention to creating the mostfavourable investment climate, and stands ready to cooperate with Taiwaneseinvestors, he said.

Currently, the province is calling for investments inhigh-tech, environmentally friendly sectors that can create high added values,as well as financial services, logistics, support industries, high-techagriculture and science-technology.

Briefing the participants on Binh Duong’s economicdevelopment over the past time, the official said the province wishes to welcomeand have in-person working sessions with foreign investors in 2022 when thepandemic is completely contained.

Dung said Binh Duong hopes to continue receiving cooperationfrom relevant Taiwanese agencies and associations in the time ahead./.
VNA
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