At the reception, on behalf of the provincial leadership, Mr. Bui Minh Thanh welcomed the Delegation to visit and work with Binh Duong Province. He also shared some of the province's outstanding achievements in socio-economic development in recent times, development orientations, and investment invitations in several fields including innovation, science and technology, education, and healthcare. The Vice Chairman of the PPC stated that, cumulatively by March 31st, 2025, the entire province had 4,472 investment projects from 65 countries and territories with a total registered capital of 42.6 billion USD. Binh Duong currently ranks second nationwide in attracting foreign direct investment, only after Ho Chi Minh City. Binh Duong prioritizes attracting investment in high-tech industries, semiconductor industry, green energy, green economy, and circular economy; high-tech, advanced, and environmentally friendly sectors that are less labor-intensive and create high-added value; financial services, logistics, and other modern services; supporting industries, and high-tech agriculture, etc.
Mr. Bui Minh Thanh – Vice Chairman of the PPC speaks at the reception and working session
Ms. Ariadne Feo Labrada highly appreciated Binh Duong's development orientation and stated that the Mariel Special Development Zone (ZED Mariel) is a significant project of Cuba aimed at attracting foreign investment and promoting the economic development of the island nation. ZED Mariel focuses on industries such as manufacturing, food processing, information technology, electronics, automotive, pharmaceuticals, and renewable energy. These sectors are expected to make substantial contributions to Cuba's economic growth in the future. Businesses operating within ZED Mariel benefit from tax incentives such as corporate income tax reduction and import-export tax exemption for an extended period. ZED Mariel also provides a modern infrastructure with state-of-the-art factories, warehouses, and logistics services, facilitating production and trade activities.
Emphasizing the long-standing and strong friendship between Vietnam and Cuba, as well as the affection between the people of the two countries, Ms. Ariadne Feo Labrada expressed her hope that in the future, Binh Duong and Cuban localities will explore cooperation in the advantageous industries and sectors of ZED Mariel to further strengthen the solidarity and friendship between the two nations.
Ms. Ariadne Feo Labrada - Consul General of Cuba in Ho Chi Minh City, discussed the strengths of the Mariel Special Development Zone with leaders of Binh Duong Province
Mr. Bui Minh Thanh - Vice Chairman of the PPC expressed his confidence that in the future, the two sides could promote cooperative development among enterprises, including in the fields of biotechnology, pharmaceuticals, and healthcare… which are strengths of ZED Mariel and also areas of interest for Binh Duong Province, inviting cooperation and investment. Following the meeting, the two sides will continue to maintain connections to realize cooperation opportunities in areas of mutual interest.
Mr. Bui Minh Thanh - Vice Chairman of the PPC presents a souvenir to the Delegation
Delegates take a group photo