Also in attendance were leaders from provincial departments, agencies, and distribution businesses of Midea Group.
Overview of the meeting
At the meeting, Mr. Bui Minh Tri - Vice Chairman of the PPC, briefly introduced Binh Duong province's socio-economic situation. In recent years, Binh Duong has consistently been one of the leading provinces and cities nationwide in attracting Foreign Direct Investment (FDI). Binh Duong's import-export turnover accounts for approximately 10% of the country's total. The entire province currently has 4,487 investment projects from 65 countries and territories, with a total registered capital of 42.6 billion USD. Among these, China leads with 1,844 projects and a total investment capital of over 11.3 billion USD.
The Vice Chairman of the PPC emphasized that, to facilitate convenient and effective business operations for enterprises, Binh Duong has invested in completing its comprehensive road, expressway, railway, and river port transport systems. These systems connect the region and serve to transport goods to airports and seaports. In addition to the existing industrial parks, the province continues to develop new-generation industrial parks towards ecological, high-tech, specialized, and science and technology industrial park.
Mr. Bui Minh Tri - Vice Chairman of the PPC (right side) receives Mr. Yu Zhi Min - Director of the Midea Group (China)
Discussing with provincial leaders, Mr. Yu Zhi Min stated that Midea Group is one of the leading corporations in the home appliance industry in China. The Group's first factory outside China was established in Viet Nam-Singapore Industrial Park I, Thuan An City, in 2007. Subsequently, the Group built its second factory in My Phuoc 3 Industrial Park, Ben Cat City.
Over recent years, Midea Group's factories in Binh Duong have operated efficiently and experienced robust growth in production and business. Revenue in 2024 increased by over 50% compared to 2023. Businesses highly appreciate Binh Duong Province's strong infrastructure development and attractive investment promotion policies. Therefore, Midea Group is keen to explore opportunities for further investment and expansion of its factories in Binh Duong.
Mr. Bui Miinh Tri - Vice Chairman of the PPC, presents a souvenir to Mr. Yu Zhi Min - Director of the Midea Group (China)
Delegates take a group photo