Attending 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; leader representatives of provincial departments, committees and branches, French enterprises are investing in Binh Duong.
Overview of the webinar
Attending at the French bridge point, there were Mr. Nguyen Toan Thang - Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam in France; French enterprises.
Speaking at the opening of the webinar, Vice Chairman of the Provincial People's Committee Nguyen Van Danh emphasized the achievements in many fields in the diplomatic relations between Vietnam and France. The two countries maintain many regular exchange mechanisms on politics, economy and defense at all levels. A series of agreements as a legal basis for cooperation in various fields have been signed. France is the leading European donor of official direct aid (ODA) to Vietnam, and Vietnam ranks second among France's ODA beneficiaries in Asia with a total committed capital of up to 18.4 billion USD since 1993. Two-way trade turnover between Vietnam and France has more than tripled from about 1.6 billion USD in 2009 to 5.3 billion USD in 2019. There have been more than 300 French enterprises operating in many industries and fields in Vietnam, but at the same time, there are also pioneering Vietnamese enterprises that have been implementing investment and business activities in France. The Vice Chairman of the Provincial People's Committee said that Binh Duong is the second largest locality in the country in terms of attracting foreign investment capital, just behind Ho Chi Minh City, with a total of 4,040 investment projects from 65 countries and territories, total registered capital of more than 39.4 billion USD. In which, France has invested in 36 projects with a total registered capital of more than 98 million USD.
In the coming time, Binh Duong province prioritizes attracting from developed countries, the world's leading potential partners with modern management level, including French partners in high-tech, environment-friendly, less labor-intensive industries, creating high added value; financial services, logistics; supporting industries, high-tech agriculture and especially attracting investment in the Science and Technology Industrial Park with the vision of becoming the innovation center of the Southern Key Economic Region.
The representative of Becamex IDC Corp introduced to French enterprises about 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; as well as the construction progress of the Science and Technology Industrial Park and the Binh Duong New City World Trade Center. At the same time, he shared about the construction of transport infrastructure connecting the region, the Logictics system, training of high-quality labor force, and Vietnam's preferential investment policies.
Mr. Nguyen The Duy - Director of English-Speaking Markets, Becamex IDC Corp attends the webinar
Providing information about the investment situation in Vietnam, Mr. Thibaut Giroux – President of the French Chamber of Commerce and Industry in Vietnam said that there are currently 650 projects of French enterprises investing in Vietnam. Enterprises consider Vietnam's investment environment quite attractive, Vietnam has a stable political background, high and stable economic growth, competitive production costs in terms of human resources, and extensive international integration with 15 signed agreements, the Government also issued many tax policies to support investors as well as enterprise support programs. He assessed that Binh Duong is a locality with a lot of potential for French enterprises to invest, especially in France's strong fields such as high technology, high-tech agriculture, energy, etc.
Mr. Thibaut Giroux - President of the French Chamber of Commerce and Industry in Vietnam highly appreciates Binh Duong's investment environment
French enterprises investing in Binh Duong also appreciated Binh Duong's investment environment. Specifically, Binh Duong has the advantage of being near the bustling economic center of the country, Ho Chi Minh City, with 28 industrial parks in operation; infrastructure connecting the region is invested synchronously and modernly, especially FDI projects being invested in Binh Duong are very effective. Binh Duong also has many policies to attract investment. Sharing about investment experience in Binh Duong, Mr. Thibaut Giroux realized that Binh Duong's human resources are very abundant; convenient transportation of goods to seaports thanks to a synchronously invested infrastructure system. The government always accompanies and supports enterprises in the production process, the political situation is stable; Binh Duong is promoting the construction of smart city and innovation region to create all conditions for enterprises to develop.
Talking at the webinar, enterprises asked questions related to tax incentives for French enterprises in Vietnam; energy development; technology transfer 4.0; investment in hi-tech agricultural projects; pharmaceutical business in Vietnam, etc.
Answering questions from French enterprises, the representative of the functional branch said that Binh Duong is implementing tax policies for investors according to the regulations of the Government of Vietnam on personal income tax, corporate tax, land rent tax, value added tax, etc.
As for agricultural projects in the province, in the coming years, Binh Duong will promote the development of high-tech agriculture. Currently, Binh Duong has 04 hi-tech agricultural zones, the products are exported to countries around the world. To attract investors in this field, the Government has issued preferential lending policies for hi-tech agricultural investment enterprises, especially technology transfer. Binh Duong also has solutions to promote foreign enterprises to transfer technology, especially 4.0 technologies to meet the Industrial Revolution 4.0. At the same time, encouraging enterprises to promote innovation and digital transformation to improve economic value, etc.
Vice Chairman of the Provincial People's Committee Nguyen Van Danh concludes the webinar
Concluding the conference, Vice Chairman of the Provincial People's Committee Nguyen Van Danh thanked the exchange ideas of French investors. Vice Chairman of the Provincial People's Committee cordially invited French investors, enterprises and businessmen to come and explore investment opportunities in Binh Duong. The provincial government is committed to always accompanying, supporting and creating the most favorable conditions for foreign investors, including French investors, maintaining regular dialogue channels with the enterprise community both at home and abroad, to promptly adjust policies in accordance with the development interests of the locality and the legitimate interests of the enterprise community in the province.
Reported by Mai Xuan- Translated by Thanh Tam