Thai firms interested in investing in Binh Duong

At the event (Photo: Internet)

Binh Duong (VNA) – Many Thai businesses are interested in the dynamic development of the southern province of Binh Duong over the past years, Minister Counsellor from the Thai Office of the Board of Investment Audsitti Sroithong said at a teleconference held by the People’s Committee of Binh Duong and Becamex IDC on November 23 to call for investment from Thailand.

Speaking from Hanoi, the Thai official named many big Thai businesses which have invested in Binh Duong, such as Srithai Vietnam, SCG Vietnam, Kraft Vina, CP Group, Red Bull Vietnam and BJC Vietnam. 

Director of the Department of External Affairs Le Phu Hoa said Thailand currently ranks 13th among 65 foreign investors in Binh Duong with 40 projects worth more than 685 million USD.

Despite the impact of the COVID-19 pandemic this year, Binh Duong managed to maintain a GRDP growth of 7 percent.

In the first ten months of this year, the province's export revenue was estimated at 26.4 billion USD and import value at 21.4 billion USD. The province drew more than 1.92 billion USD in foreign investment in the period. 

As of October 31, the province was home to 4,008 projects worth 37 billion USD from 65 countries and territories, ranking second nationwide in terms of FDI attraction behind Ho Chi Minh City.

It also established bilateral relationship with 10 foreign cities and provinces and has become a partner of four international cooperation organisations. It is also an official member and trustworthy partner of the ICF, the Horasis Asia Meeting and the World Trade Centres Association.

Leaders of Binh Duong affirmed support and assistance for the business community, and asked the Federation of Thai Industries, the Thai Business Association, the Thailand – Vietnam Business Association and the Vietnamese Embassy in Thailand to assist the province in expanding ties with Thai investors.

Participating Thai business delegates engaged in open discussion with provincial officials at the event./.