At the reception, Mr. Chen informed the purpose of this visit is to seek investment opportunity, especially in garment and footwear industries and to gain a better understanding about tax and land preferential policies.
On behalf of the provincial leaders, Chairman Tran Thanh Liem welcomed the delegation's visit and briefly introduced the province's socio-economic development status recently. Currently Binh Duong is one of the top foreign investment destinations in Vietnam. China specifically is running 204 projects with a registered capital of nearly US$1.36 billion, ranked at 4th place. At present, the province has 39 enterprises producing shoes with a total capital of US$501 million and 66 garments enterprises, in which there are 6 Chinese businesses respectively. Binh Duong province welcomes and facilitates businesses operation.
At the reception, two sides also discussed on investment incentives of Central Governments, especially those regarding on business income tax and import export tax.
Reported by Mai Xuan-Translated by D.Xuan