Receiving the delegation were Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC); Mr. Nguyen Van Hung - Board of Directors' Chairman of Becamex IDC Corp and leaders of provincial departments and branches.
Secretary of the Provincial Party Committee Nguyen Van Loi speaks at the meeting
At the meeting, Secretary of the Provincial Party Committee Nguyen Van Loi welcomed the Minister of State and Indian enterprises to attend the event of Horasis India Meeting 2022 in Binh Duong. The Meeting is held in the context that both Vietnam and India have overcome the Covid-19 pandemic, especially towards the 50th anniversary of establishing the diplomatic relations between the two countries. Informing the Minister of State and Indian enterprises, the Secretary of the Provincial Party Committee said that Binh Duong province is ready and prepared the necessary conditions to ensure the best environment for Indian enterprises to learn and develop cooperation. The province is committed to creating all favorable conditions and believes that Indian enterprises that come to invest in Binh Duong will reap success.
Mr. Rajkumar Ranjan Singh emphasized that, over the past 50 years, the cooperation relationship between India and Vietnam has developed very well and is getting tighter. India is very open in investment and cooperation with Vietnam in general and Binh Duong province in particular. He highly appreciated the socio-economic achievements that Binh Duong province has achieved over the past time and believed that with the available conditions, Binh Duong is an attractive destination for Indian enterprises to invest and promises potential for further development in the future.
Mr. Rajkumar Ranjan Singh - Indian Minister of State for External Affairs speaks at the meeting
Sharing more at the meeting, Chairman of the PPC Vo Van Minh also informed Indian enterprises about the socio-economic development situation of Binh Duong province. With an open and attractive investment environment, in recent years, Binh Duong has always been one of the leading provinces and cities in Vietnam in attracting foreign direct investment (FDI). Particularly in the 8 months of 2022, it has attracted 2 billion 619 million USD of FDI capital. The province currently has 4,069 FDI projects from 65 countries and territories with a total registered capital of nearly 39.6 billion USD. Binh Duong is currently ranked second in the country in terms of FDI attraction, after Ho Chi Minh City. Up to now, India ranks 23rd out of 65 countries and territories investing in Binh Duong with 10 projects and total investment capital of more than 116 million USD. The main fields of investment are medical instruments, processing industry, manufacturing, pasteurization of agricultural products and food, etc.
Chairman of the PPC Vo Van Minh shares about the socio-economic situation and investment attraction of Binh Duong
Located in the central area of the Southern Key Economic Region, a number of industrial development areas of the province urgently need to be provided with supporting industrial products for development. According to the Chairman of the PPC, India has strengths in the fields of IT, biotechnology, education, health, etc., these are the areas that Binh Duong province is very interested in, the markets of the two countries are also open. Therefore, the two sides have many opportunities for cooperation in the near future. He hoped that this Meeting would create a better connection between Binh Duong enterprises and Indian enterprises, opening up cooperation opportunities in line with the development strategies and orientations of the sides.
Mr. Nguyen Van Hung - Board of Directors' Chairman of Becamex IDC Corp speaks
Sharing about investment cooperation opportunities in Binh Duong, Mr. Nguyen Van Hung - Board of Directors' Chairman of Becamex IDC Corp said that Binh Duong province always creates favorable conditions for Becamex and Indian enterprises to exchange information on investment cooperation opportunities, especially in industries suitable for the requirements of building a new type of ecosystem to develop Industry 4.0 in the province in the future. At the same time, he hoped that, after the bilateral dialogue, between Becamex and the Confederation of Indian Enterprises will soon sign a memorandum of understanding so that the two sides can lay the foundation for cooperation and exploit the strengths of the sides for the next stage. On that basis, specific cooperation will be deployed to jointly anticipate the shifting opportunities of enterprises globally through efforts to improve conditions to meet the requirements of enterprises.
Delegates take a souvenir photo
Delegates at the Welcome Ceremony of Horasis India Meeting 2022
Reported by Phuong Chi- Translated by Thanh Tam