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Thứ 6, Ngày 31/05/2024, 09:00
The Minister of Trade and Investment of South Australia wants to strengthen the cooperation with Binh Duong province
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31/05/2024

PORTAL – On the afternoon of May 31st, at Binh Duong Provincial Administrative Center, Mr. Nguyen Van Danh – Vice Chairman of the Provincial People's Committee (PPC) received Mr. Joe Szakacs – the Minister of Trade and Investment of South Australia for coming to visit and learn about the investment environment in Binh Duong province.

At the meeting, Mr. Nguyen Van Danh – Vice Chairman of the PPC briefly informed about the socio-economic situation of Binh Duong. In particular, in recent years, Binh Duong has been evaluated as one of the leading provinces and cities in terms of socio-economic development and the speed of attracting Foreign Direct Investment (FDI). The province's Gross Regional Domestic Product (GRDP) always achieves a high growth rate compared to the average growth rate of the country. The province's economic structure has shifted towards gradually increasing the proportion of services and industries.

The province has planned about 16.000 hectares of industrial land to form a new industrial belt along Ring Road 4 and Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway. Ho Chi Minh route (the section through Binh Duong province) will have almost 200 kilometers of expressway through Binh Duong connecting airport, seaport, etc. Since then, that created motivation and a new development space for the locality.

Besides, the province actively worked with the Ministry of Information and Communications on establishing a centralized zone of information and technology to attract high-tech investors, semiconductor chip technology, and integrated circuits. The province has also agreed on a policy with investment partners of Software Park associating with a multi-level school system with a scale of 100 hectares in Tan Uyen City to train human resources of information technology for the whole region.


Overview of the meeting

In the coming time, the province will prioritize attracting investment in high-tech industries, semiconductor chips, green energy, green economy, and circular economy. It is also necessary to prioritize the high-tech, advanced, environmentally friendly, and low-labor-usage fields creating high-value-added, financial services, logistics, and other modern services; The supporting industries, high-tech agriculture and especially attracting investment in the industrial zone of information technology on the 4.0 industrial platform.

Australia now ranks 20th among 65 countries and territories having investment plans in Binh Duong with 29 projects with a total investment capital of 132 million USD. The major investment fields include the wood industry, cold storage, household goods production, agriculture, and other supporting industries.

Vice Chairman of the PPC hoped that in the coming time, there will be many investors from South Australia coming to learn about and invest in Binh Duong. Binh Duong province and South Australia will strengthen their cooperative relations in the coming time.


Mr. Nguyen Van Danh – Vice Chairman of the PPC gave a souvenir to Mr. Joe Szakacs – Minister of Trade and Investment in South Australia

Mr. Joe Szakacs – Minister of Trade and Investment in South Australia expressed his impression of the outstanding socio-economic development as well as the strategic vision of Binh Duong in the future.

Minister of Trade and Investment of South Australia said that Binh Duong and South Australia have the same directions in development, which are toward sustainability, people known as the center of development, focusing on taking care of social welfare work and creating a favorable business environment for investors.


Delegates took a group photo

The Minister said that South Australia is the leading state of Australia in the fields of science and technology, artificial intelligence, and clean energy. In addition, South Australia is also famous for high-quality training and education system. Meanwhile, Binh Duong is focusing on developing fields of innovation and advanced production, smart cities, etc. These are the fields that we could cooperate with in the future. The Minister of Trade and Investment of South Australia sent an invitation and hoped to receive leaders of Binh Duong to visit South Australia in the coming time.

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