​​Attending at Binh Duong bridge point were Mr. Madan Mohan Sethi - Consul General of India in Ho Chi Minh City; Ms. Tran Thi Hai Yen - Director of the Southern Investment Promotion Center; Mr. Le Phu Hoa – Director of Department of Foreign Affairs; leaders' representatives of provincial departments, committees, branches, and Indian enterprises investing in Binh Duong.

At Ben Tre bridge point, there were Mr. Le Truong Han - Deputy Director of Department of Planning and Investment; representatives of a number of provincial departments and branches. At Ca Mau bridge point, attending were representatives of provincial departments, committees and branches.

At the Indian bridge point, attending were Mr. Do Nhat Hoang - Director of Foreign Investment Department, Ministry of Planning and Investment; Mr. Bui Trung Thuong - Commercial Counselor, Embassy of Vietnam in India and Indian enterprises.

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Overview of the Dialogue

Speaking at the dialogue, Mr. Do Nhat Hoang - Director of Foreign Investment Department, Ministry of Planning and Investment said that the purpose of the dialogue is to strengthen Indian and Vietnamese investment promotion activities; improve the efficiency of investment promotion programs in the South Vietnam as well as help provinces grasp the trend of investment needs of Indian enterprises. At the same time, introducing the investment environment to Indian enterprises and investors at home and abroad, including orientation of priority industries calling for investment, investment attraction areas, preferential policies and investment support.

Providing information on the results of Binh Duong province's socio-economic development and orientation in the coming time, Mr. Le Phu Hoa - Director of Binh Duong Department of Foreign Affairs said that despite facing many difficulties and challenges due to the Covid-19 situation, the province's socio-economic situation still achieved some positive results, with many positive and encouraging bright spots in the context of both pandemic prevention and control and economic recovery and development. Binh Duong is currently ranked 2^nd in the country in terms of attracting foreign investment capital, just behind Ho Chi Minh City, with 4,016 projects and a total registered capital of more than 37 billion USD from 65 countries and territories. In which, India is currently investing in 10 projects with a total investment capital of more than 116 million USD.

The representative of Becamex IDC also introduced the construction schedule of the Science and Technology Industrial Park and the World Trade Center Binh Duong New City. At the same time, providing brief information on the construction of transport infrastructure connecting the region, the system of logistics, training of high-quality labor force and investment incentive policies of Vietnam. In the development strategy, Binh Duong province will continue to implement the "Binh Duong Innovation Region" project with the planning of Science and Technology Industrial Park, innovative startup ecosystem, promoting the proportion of services, especially e-commerce, international commerce with the typical project being the World Trade Center Binh Duong New City.

Sharing India's investment experience in Vietnam, leaders of HCL Technologies and Wipro Consumer Care Vietnam highly appreciated Vietnam's investment environment, in which abundant labor resources, preferential tax policies, leading competitiveness indicators in the region, stable politics, and impressive Vietnam's GDP growth in the region, especially in the context of complicated pandemic developments. According to enterprises, India develops very strongly in the fields of biotechnology, pharmaceuticals, medical equipment, and energy, so enterprises are very interested in investing in these fields in Vietnam. Currently, investment factories in Binh Duong are operating very efficiently and are constantly expanding production. "The reason we chose Binh Duong to build the factory is because Binh Duong's geographical location is quite convenient; The province's infrastructure is synchronously and modernly invested, connecting localities in the Southern Key Economic Region. We highly appreciate the investment environment of Binh Duong, which has great potential for developing the fields of biotechnology, chemistry, medical equipment, and pharmaceuticals. The provincial government always accompanies enterprises to remove difficulties and obstacles in the production and business process of enterprises. Besides, Binh Duong's labor force is quite abundant and professionally trained. During the complicated pandemic developments, the provincial government and Health branch have enthusiastically guided the Company to operate "3 on-the-spot" production activities, the Company's workers have also been fully vaccinated with 02 doses of Covid-19 vaccine" - Mr. Sanjay Jain, Chief Financial Officer of Wipro Consumer Care Vietnam Company assessed.

Mr. Le Phu Hoa - Director of the Department of Foreign Affairs speaks at the Dialogue

Answering questions from Indian enterprises related to Binh Duong's priority areas for investment attraction in the coming time, Mr. Le Phu Hoa - Director of the Department of Foreign Affairs said that Binh Duong province prioritizes attracting investment in high-tech, environmentally 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 on the basis of industry 4.0 from developed countries, the world's leading potential partners with modern management level. With the strength of Indian enterprises, Binh Duong also welcomes Indian investors to invest in the province in the fields of biotechnology, pharmaceuticals and medical equipment, etc.

Reported by Mai Xuan - Translated by Nguyen Trang