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.

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

To prepare Binh Duong for the impacts of the Trans-Pacific Partnership (TPP) Agreement and other international and regional agreements, the province has zoned off areas for the textile support industry in Bau Bang district and Ben Cat town as well as for the timber support industry at Bac Tan Uyen Industrial Zone, according to Nam.

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

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

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

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