Business

Southeastern region opens door wide for foreign investors

Localities in the southeastern region remain a magnet to foreign investors thanks to their huge potential and incentives.
Southeastern region opens door wide for foreign investors ảnh 1Southeastern region opens door wide for foreign investors. (Photo: VNA)
HCM City (VNA) – Localities in the southeasternregion remain a magnet to foreign investors thanks to their huge potential andincentives.

Since 2020, Binh Duong has been among the leadinglocalities in foreign direct investment (FDI) attraction, with 9.56 billionUSD, surpassing the target set for the 2020-2025 period, and emerging as a “brightspot” of the region in economic recovery post COVID-19.

Up to 65 countries and territories have registeredto invest in the province with nearly 4,200 valid projects worth more than 40.2billion USD, with 75% from Asia.

Another bright spot is Ba Ria-Vung Tau province, whichhas lured 20 FDI projects so far this year valued at over 751 million USD, upfive projects and more than 481 million USD from the same period last year.

The projects come from major groups of the Republicof Korea (RoK), Australia, Japan, Norway and Thailand.

As of the end of October, Dong Nai lured nearly 1billion USD in FDI, exceeding its target by 300 million USD, mainly incomponent manufacturing, mechanics, food and energy, with no projects causingenvironmental pollution or labour intensive.

To attract quality FDI, Binh Duong has rolled out harmonioussolutions in transport infrastructure, logistics and personnel, while focusingon smart city building, with attention paid to attracting investments toscience-technology parks on the basis of the fourth Industrial Revolution.   
Southeastern region opens door wide for foreign investors ảnh 2Illustrative image (Source: VNA)
Notably, local leaders and businesses have travelledabroad to call for investments from such potential markets as the US, Canadaand Australia, said Permanent Vice Chairman of the provincial People’sCommittee Mai Hung Dung.

Ba Ria-Vung Tau has also worked to reformadministrative procedures, and invested in the transport sector.

Chairman of the provincial People’s Committee NguyenVan Tho said Ba Ria - Vung Tau has supported enterprises facing financialdifficulties, promising that the locality will create optimal conditions forinvestors to launch projects in the province./.
VNA
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