Business

Chinese enterprises to invest in Binh Duong

A delegation from the China Business Association - Ho Chi Minh Branch (CBAH) led by President Miao Ren Lai visited southern Binh Duong province on March 27 to evaluate the local investment climate.
A delegation from the China Business Association - Ho Chi Minh Branch(CBAH) led by President Miao Ren Lai visited southern Binh Duongprovince on March 27 to evaluate the local investment climate.

Chairman of the provincial People’s Committee Tran Van Nam briefedthe delegation on the locality’s socio-economic context in recent years,noting that the province prioritises projects using advanced andenvironmentally-friendly technology.

To prepareBinh Duong for the impacts of the Trans-Pacific Partnership (TPP)Agreement and other international and regional agreements, the provincehas zoned off areas for the textile support industry in Bau Bangdistrict and Ben Cat town as well as for the timber support industry atBac Tan Uyen Industrial Zone, according to Nam.

The locality will continue to upgrade its infrastructure and reform itsadministrative procedures to attract more investors, he pledged.

About 125 Chinese enterprises currently operate in Binh Duong with atotal investment of 352 million USD, said Miao Ren Lai.

He believes the coming TPP and free trade agreements between Vietnamand foreign partners will pave the way for additional Chinese investmentin the country.

Another CBAH delegation plans to visit Binh Duong in early April, he noted.-VNA
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