Binh Duong sees vibrant investment cooperation at Horasis China Meeting

The Horasis China Meeting 2024, held in Binh Duong on April 15, witnessed a flurry of investment activities as the southern province granted in-principle approvals and investment certificates to multiple infrastructure, manufacturing, and real estate projects worth hundreds of millions of USD.
Binh Duong sees vibrant investment cooperation at Horasis China Meeting ảnh 1Deputy Prime Minister Tran Hong Ha and representatives of international corporations from Europe and German businesses at the Horasis Forum in Binh Duong on April 15, 2024. (Photo: VNA)
Binh Duong (VNA) - The Horasis China Meeting 2024,held in Binh Duong on April 15, witnessed a flurry of investment activities as thesouthern province granted in-principle approvals and investment certificates to multiple infrastructure,manufacturing, and real estate projects worth hundreds of millions of USD.

Accordingly, infrastructure investment approvals were given to the An Son dry port project by the Thanh Le Import-Export Trading Company, the Tam Lap 2 industrial cluster by the Trung Hau Co. Ltd, and the An Lap industrialcluster by the An Lap infrastructure development limited company, with respective investment capital of 1.504 trillion VND (59.69 million USD), 585 billion VND, and 456billion VND.

In the real estate sector, a series of projects received thegreen light, including The One World residential project worth over 14.8trillion VND and several social housing projects.

Furthermore, the provincial authorities issued investmentcertificates to several FDI enterprises including Kiswire Vietnam,Protron Electrical, and Vorxen Electrical, with their investment totaling 22.7million USD, 26 million USD, and 22 million USD, respectively.

At the forum, Binh Duong also entered a cooperation agreement with the ViettelPost Corporation on developing infrastructure, logistics services and e-commerce,and setting up an international-scale green and smart logistics andagricultural trade centre. Additionally, Becamex IDC and Hong Kong-based Sunwah Group signed amemorandum of understanding on innovation, digital transformation, technologydevelopment, and sustainable growth towards the net zero goal.

On the sidelines, Deputy Prime Minister Tran Hong Ha receivedXiong Meng, Executive Vice-Chairman and Secretary-General of the ChinaFederation of Industrial Economics (CFIE), as well as representatives of many majorChinese corporations.

Highlighting the Vietnamese Government's commitment to creating favourable conditions for foreign enterprises, including those from China, in their investmentand business operations in Vietnam, the leader stressed the importance of collaborationin science and technology, green development, and digital transformation.

For his part, Xiong affirmed his strong support forenhancing economic ties between the two nations via bringing more Chineseenterprises to Vietnam. He also showed a special interest in Binh Duong,which he considered a prime location for industrial cooperation opportunities.

Ha said the special traditional friendship and comprehensivestrategic cooperative partnership between Vietnam and China have been continuously consolidated and deepened, particularly inthe economic sphere, with the sides now discussing further joint work in greenenergy, climate change, and carbon-neutral initiatives.

Additionally, the Deputy PM met with a number of German andEuropean business delegations, affirming Vietnam’s support to them for successful, effective, and sustainable investments.

In response, Urs Unkauf, Federal Managing Director of theGerman Federal Association for Economic Development and Foreign Trade, lauded the increasingly favourable business climate in Vietnam and expressed his significantinterest in expanding operations in the country, particularly Binh Duong./.
VNA

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