Accompanying investors for sustainable development

With the viewpoint of "The success of investors is the success of Binh Duong province", provincial People's Committee, along with departments, agencies and localities, has implemented numerous synchronous solutions to improve the investment and business environment and create favorable conditions for enterprises’ development. Among these, dialogue is one of the most effective measures to identify and promptly resolve difficulties for enterprises, including FDI ones.

Strengthening cooperation

Yesterday afternoon (November 22), provincial People's Committee organized a conference with Japanese enterprises. The conference was chaired by Nguyen Loc Ha, Member of provincial Party Standing Committee and Vice Chairman of provincial People's Committee. Attendees included Ono Masuo, Consul General of Japan in Ho Chi Minh city; Nozaki Takao, Chairman of the Japanese Business Association in Ho Chi Minh city; leaders of departments, agencies and representatives of Japanese enterprises operating in Binh Duong.

Binh Duong remains a steadfast partner for investors. In picture: Production activities at Yazaki Eds Vietnam Co., Ltd. in Di An city

Currently, Japanese investment projects in Binh Duong are concentrated in sectors such as the production of electronic components, electronic circuits and chips, automobile manufacturing and assembly, steel production and other auxiliary industries. Most major Japanese multinational corporations, namely Panasonic, Toshiba, Foster, Tokyu, Fujikura and Aeon…have investment projects in Binh Duong. According to Japanese enterprises, Binh Duong's dynamic development in recent years has been highly appreciated by the Japanese business community and investors. With its advantages in infrastructure and modern industrial parks, Binh Duong has become a top-choice destination for investors. Japanese enterprises support the province's innovative approach to attracting investment into high-tech industries.

Ono Masuo, Consul General of Japan in Ho Chi Minh city stated that there are currently more than 350 Japanese enterprises operating in the province. Binh Duong is increasingly attracting Japanese residents and businesses to live and invest in. Through the conference, enterprises have gained increased confidence in Binh Duong’s efforts and commitment to creating a transparent, fair and attractive business environment for all investors.

Accompanying to develop together

At the conference, Japanese enterprises shared that Binh Duong province has recently excelled in attracting numerous global investors and major corporations operating in industrial production. Japanese enterprises spoke highly of provincial leaders for their efforts in supporting and accompanying FDI enterprises. This support has encouraged many investors to expand their business and production operations. However, despite these advantages, several Japanese enterprises are still facing challenges. They expressed hope that the province will continue accompanying enterprises.

To remain an attractive destination for investors, in addition to accelerating infrastructure development and significantly improving the investment environment, Binh Duong is committed to actively supporting enterprises in production and business activities. The province aims at effectively attracting foreign investment. Since early this year, all-level authorities and sectors of the province have organized tens of dialogues with enterprises. Through these dialogues, many difficulties and challenges faced by enterprises—particularly those related to amendments in customs regulations, social insurance policies, work permit issuance for foreign workers, investment tax incentives, and incentives for production- business expansion—have been promptly addressed.

During discussions with Japanese enterprises, Nguyen Loc Ha, Vice Chairman of provincial People's Committee noted that Japanese investors have recently continued channelling significant capital into infrastructure, urban areas, commerce and services in Binh Duong. These projects have contributed to the local socio-economic development. Dialogues have provided provincial leaders with a clearer understanding of the production and business activities as well as the difficulties faced by FDI enterprises, enabling a focused approach to resolving these issues.

Mr. Ha emphasized that Binh Duong will further focus on improving the investment environment by streamlining administrative procedures and ensuring full transparency and timeliness in processing administrative dossiers. The province is prioritizing resources for further investment in infrastructure, particularly in transportation, electricity, water supply-drainage and environmental management. It is also expanding and establishing new industrial parks and compounds, creating clean land reserves to attract investors. Additionally, Binh Duong is actively developing human resources, building social housing projects for workers, ensuring an adequate and timely labor supply for enterprises. Along with this, the province is promoting high-quality service development to meet the production and business needs of enterprises and the industrial and urban development demands of the province.

Provincial leaders affirmed that the local all-level authorities are dedicated to creating the most favorable conditions for the business community, including Japanese enterprises, to operate in production, business...The province seeks continued support and collaboration from the business community, particularly Japanese enterprises, to further drive its socio-economic development.

Reported by Ngoc Thanh-Thanh Tuyen-Translated by Kim Tin