A delegation of representatives from 18 companies based in China’s Fujian province met with Binh Duong provincial officials on May 4 to learn about the local investment climate and seek business opportunities.
Vice Chairman of the Binh Duong People’s Committee Tran Thanh Liem said the southern province is one of the top foreign investment destinations in Vietnam with 2,460 projects worth nearly 21 billion USD. China specifically is running 204 projects with a registered capital of some 1.4 billion USD.
Binh Duong is committed to providing the best possible conditions for business activities, he said, adding that it prioritises projects that are environmentally friendly, highly competitive, and use cutting-edge technology.
He noted the opportunities brought about by the Trans-Pacific Partnership agreement and other regional and global deals as well as provincially-zoned land for activities supporting textile and garment production in Bau Bang district and Ben Cat township and for supporting wood product making in the Bac Tan Uyen industrial cluster.
Liem elaborated that wood products, footwear and textiles and garments are the highest output and export value commodities in Binh Duong.
Leading the Chinese group, Head of the Business News section at the Haixia Metropolis Daily Chen Xiaogang said the delegation included representatives from footwear and apparel firms that want to learn about local investment attraction policies.
They hoped to receive more information about tax and land incentives given to investors, he noted.
At the working session, Binh Duong agencies introduced the local business environment and central Government incentives, especially those regarding enterprise income tax and import-export tariffs.
In late March, the China Business Association in Ho Chi Minh City worked with Binh Duong officials and said they plan to help Chinese companies visit the province to explore local business opportunities.-VNA
Vice Chairman of the Binh Duong People’s Committee Tran Thanh Liem said the southern province is one of the top foreign investment destinations in Vietnam with 2,460 projects worth nearly 21 billion USD. China specifically is running 204 projects with a registered capital of some 1.4 billion USD.
Binh Duong is committed to providing the best possible conditions for business activities, he said, adding that it prioritises projects that are environmentally friendly, highly competitive, and use cutting-edge technology.
He noted the opportunities brought about by the Trans-Pacific Partnership agreement and other regional and global deals as well as provincially-zoned land for activities supporting textile and garment production in Bau Bang district and Ben Cat township and for supporting wood product making in the Bac Tan Uyen industrial cluster.
Liem elaborated that wood products, footwear and textiles and garments are the highest output and export value commodities in Binh Duong.
Leading the Chinese group, Head of the Business News section at the Haixia Metropolis Daily Chen Xiaogang said the delegation included representatives from footwear and apparel firms that want to learn about local investment attraction policies.
They hoped to receive more information about tax and land incentives given to investors, he noted.
At the working session, Binh Duong agencies introduced the local business environment and central Government incentives, especially those regarding enterprise income tax and import-export tariffs.
In late March, the China Business Association in Ho Chi Minh City worked with Binh Duong officials and said they plan to help Chinese companies visit the province to explore local business opportunities.-VNA
