Attending at the bridge point of Convention and Exhibition Center of Binh Duong province, there were Mr. Ngo Tuan - Consul General of China in Ho Chi Minh City; Mr. Mai Hung Dung – Permanent Vice Chairman of the Provincial People's Committee; Mr. Pham Ngoc Thuan - General Director of Becamex IDC Corporation; Representative leaders of provincial departments, committees and branches.
Attending at the bridge point of China were Ms. Hu Po Fei - Deputy General Director of China Construction Bank (CCB) and Chinese enterprises.
Speaking at the conference, Mr. Mai Hung Dung outlined basic features of the socio-economic development situation in Binh Duong province; results of attracting investment over the past time. Accordingly, in 2020, despite facing many difficulties and challenges due to the Covid-19 pandemic, Binh Duong province still strived to maintain economic growth and development. Gross Regional Domestic Product (GRDP) increased by 6.91%; GRDP per capita was 150 million VND/year (equivalent to 6,500 USD); the economic structure of the province continued to shift in the direction of gradually increasing the proportion of services and industry, and reasonably maintaining and enhancing the value of agriculture. Export turnover reached 27 billion 443 million USD; import turnover reached 21 billion 466 million USD; the province's trade surplus was nearly 6 billion USD.
Delegates attend at Binh Duong bridge point
With an open and attractive investment environment, over the past years, Binh Duong has been and is a reliable destination for foreign investors. Accumulatively by the end of February 2021, the province has attracted nearly 4,000 foreign direct investment (FDI) projects with a total registered capital of nearly 35.8 billion USD, ranking 3rd in the country in attracting FDI, only after Ho Chi Minh City and Hanoi. Regarding Chinese investment, the entire province has 432 investment projects of Chinese enterprises with a total capital of over 1.3 billion USD, ranking 9th out of 65 countries and territories having investment projects in Binh Duong. The main fields of investment include: Processing and manufacturing industries; manufacturing and processing household furniture, iron and steel, electronic components and household electrical products, etc.
Mr. Mai Hung Dung – Permanent Vice Chairman of the Provincial People's Committee speaks at the conference
At the conference, representatives of Becamex IDC introduced about the investment environment of Binh Duong and the projects being developed by Becamex to meet the investment needs of enterprises. Especially the orientation to build Binh Duong Smart City in the coming time; the schedule of constructing the Science and Technology Industrial Part and the World Trade Center Binh Duong New City; building transport infrastructure connecting regions, logistics system, training high-quality labor force and preferential investment policies of Vietnam.
Overview of the conference
Recognizing the potential investment environment of Binh Duong, Chinese enterprises discussed on areas that enterprises are interested in such as animal feed production, building factories for lease, and manufacturing steel products. At the same time, paying attention to provincial investment attraction policies, fields and industries to attract investment, labor training, salaries of workers, etc.
The above contents were specifically answered by provincial leaders, Becamex IDC Corporation, departments and branches. To feel more fully about the advantages, potentials, investment cooperation opportunities and the socio-economic infrastructure facilities that Binh Duong province has been trying to improve to better serve the needs of foreign investors, including Chinese investors, leaders of Binh Duong province invited Chinese investors, enterprises and entrepreneurs to come to Binh Duong to explore investment cooperation opportunities.
Reported by Mai Xuan - Translated by Nguyen Trang