Business

Binh Duong seeks to remove difficulties facing local firms

The southern province of Binh Duong on August 7 held a meeting with trade associations, local businesses and domestic investors to listen to their voice and remove obstacles facing them.
Binh Duong seeks to remove difficulties facing local firms ảnh 1(Photo: laodongbinhduong.org.vn)

Binh Duong (VNA) – The southern province of BinhDuong on August 7 held a meeting with trade associations, local businesses anddomestic investors to listen to their voice and remove obstacles facing them.

Addressing the event, Nguyen Thanh Truc, Director of theprovincial Department of Planning and Investment, said that as of the secondquarter of 2019, Binh Duong had attracted 31.15 trillion VND (1.33 billion USD)of investment from 3,172 new firms and 464 operating ones.

So far, the southern major industrial hub has hosted 39,541domestic businesses with a combined registered capital of 332.13 trillion VND.

The majority of important indexes increased over the sameperiod last year. The province expects to complete all the 31 goals for thisyear, some fields are likely to surpass the goal for the 2016-2020 period, saidTruc.

He said that from now to the end of the year, Binh Duongwill continue improving its investment and business environment, designingpolicies to support enterprises to deal with difficulties facing them, andattracting new projects.

At the conference, domestic investors and trade associationsin the province discussed a number of issues, including the impact from theUS-China trade tension, the overload of the local infrastructure system, thetraffic connections between Binh Duong and Ho Chi Minh City, as well aswarehouse and goods transportation costs.

They proposed that the province soon form a centre forconsultation with and support to enterprises, thus supplying firms with updatedinformation, and reducing time and cost for consultations.

Chairman of the provincial People’s Committee Tran ThanhLiem affirmed that local leaders will work hard to remove obstacles facingbusinesses. He recognised contributions by the firms to the locality over theyears, stressing the province’s standpoint of considering businesses’development as its own.-VNA
VNA
#Binh Duong #domestic investors #industrial hub #business environment #US-China trade tension #infrastructure system #goods transportation costs #Vietnam #Vietnam news #Vietnam News Agency
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