PORTAL - On the morning of March 30, at the Provincial Convention and Exhibition Center, Binh Duong Provincial People's Committee coordinated with Becamex IDC Corp and China Construction Bank (CCB) to organize a webinar on Chinese investment promotion.
Attending the webinar at Binh Duong bridge point were Mr. Nguyen Van Danh - Vice Chairman of the Provincial People's Committee; Mr. Pham Ngoc Thuan - General Director of Becamex IDC Corp; Ms. Chen Min – Deputy General Director of CCB Ho Chi Minh City branch; representative leaders of provincial departments, committees and branches.
At the Ho Chi Minh City bridge point, there were Mr. Wu Jun - Chinese Consul-General in Ho Chi Minh City.
Attending at the Chinese bridge point were Ms. Hu Po Fei - Deputy General Director of CCB and more than 100 Chinese enterprises.
Speaking at the opening of the webinar, Mr. Nguyen Van Danh - Vice Chairman of Binh Duong Provincial People's Committee said that in 2021, the Covid-19 pandemic continued to affect all fields, however, with the try and efforts of the Party Committee, the government and the people, the province has maintained its economic growth rate and achieved many important results. Accumulated to March 18, 2022, the province has attracted 4,040 foreign direct investment (FDI) projects with a total registered capital of more than 39.4 billion USD, ranking second in the country in terms of FDI attraction, just behind Ho Chi Minh City. The province currently has 1,561 investment projects of Chinese enterprises with a total capital of over 10 billion USD, ranking first among 65 countries and territories having investment projects in Binh Duong province.
Overview of the webinar
Besides promoting economic development, Binh Duong province also actively expands international cooperation relationships. Up to now, Binh Duong has established bilateral cooperation relationships with 11 foreign provinces and cities, including Guangzhou (China).
At the webinar, the representative of Becamex IDC Corp introduced the investment environment of Binh Duong and the projects being developed by Becamex IDC to meet the investment needs of enterprises. Especially the orientation to build Binh Duong Smart City in the coming time and the construction progress of Science and Technology Industrial Park and World Trade Center Binh Duong New City. At the same time, sharing about the construction of transport infrastructure connecting the region, the system of logistics, training of high-quality labor force and investment incentive policies of Vietnam.
Discussing at the webinar, Chinese enterprises asked questions related to the cost of energy use, labor cost and current land rent; the province's tax reduction policies for investors; advantages and disadvantages in transporting goods; Binh Duong's investment incentive policy; procedures for setting up an export processing enterprise, etc.
Responding to energy-related issues, Ms. Phan Thi Khanh Duyen - Deputy Director of the Department of Industry and Trade said that to meet the needs of investors, Binh Duong has prepared a fairly thoughtful energy source, currently, Binh Duong is one of the provinces and cities that consume the most electricity in the country, however, the province still ensures an adequate power source to serve the production and business of enterprises. Besides, the province is developing green, clean and renewable energy sources to serve investors. As for policies on personal income tax, corporate income tax, value added tax, Mr. Le Thanh Quy - Deputy Director of the Tax Department said that Binh Duong implements tax policies according to Vietnam's general regulations, without separate policies, etc.
Mr. Nguyen Van Danh - Vice Chairman of the Provincial People's Committee speaks at the conclusion at the webinar
Concluding the webinar, Mr. Nguyen Van Danh called for Chinese investors, enterprises and businessmen to come to Binh Duong to explore cooperation and investment opportunities and hoped that Binh Duong would continue to receive active cooperation from the Chinese Consulate and partner units to support the province to enhance bilateral cooperation and expand multilateral cooperation. "Binh Duong province and Becamex IDC have been preparing the best conditions to better serve the needs of foreign investors, including Chinese investors" - Mr. Nguyen Van Danh emphasized.
Reported by Mai Xuan- Translated by Thanh Tam