Illustrative image (Photo: VNA) Binh Duong (VNA) – A delegationof US firms led by Sivan Yam, President of the US – Vietnam Chamber of Commercemet with authorities of the southern province of Binh Duong to explore investingin the province.
According to Vice President of theprovincial People’s Committee Mai Hung Dung, the province’s export value has accountedfor 12 percent of the nation’s total value.
Currently, the locality has 26 industrialparks, spanning over 10,500 hectares, and 10 industrial clusters on 707hectares, with occupation rates at 70 percent and 65 percent, respectively.
Dung pledged that local authorities willoffer favourable conditions for investors, including those from the US.
Dung lauded the US investment projects inthe province and expressed his hope that the foreign direct investment (FDI)flow from the US to the province will increase, particularly among jointactivities to promote ties between the two nations.
Sivan Yam expressed his delight with theachievements the province has made in past years, particularly in infrastructureand administrative reform, and improving the business climate, saying that theprovince is an ideal investment destination.
As of now, the US has poured over 650million USD in the province, ranking sixth among investors in the locality.
Most of the US-funded projects are inhi-tech sectors, using a small labour force and environmentally-friendly.-VNA
VNA
