Over the past 25 years, Binh Duong strengthened international cooperation, especially with localities such as Cambodia’s Kratie province, Laos’ Champasac province, Japan’s Yamaguchi province, China’s Guangzhou city, South Korea’s Daejeon city, Holland’s Eindhoven and Emmen cities, Belgium’s East Flanders province, Italy’s Emilia-Romagna region and Russia’s Oryol province… This created the premise and basis for the comprehensive socio-economic cooperation between Binh Duong and these localities.
Binh Duong with quick and sustainable development
Daniel Stork, Consul General of the Netherlands in Ho Chi Minh City spoke highly of the development of Binh Duong. He said that if looking back at the province's development over the past 25 years, it is clear that the transition from an economy based entirely on agriculture has shifted to the one based on the development of services and manufacturing. This has helped Binh Duong become one of the country’s localities with the highest GDP per capita income. In addition, the province’s development strategy has upheld its effectiveness when Binh Duong is among the country’s top localities in FDI attraction.
Nguyen Van Loi (right), member of the Party Central Committee, Secretary of provincial Party Committee, Head of provincial National Assembly Deputy Delegation receives Yamada Takio, Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
According to Mr. Daniel Stork, Binh Duong is an attractive destination for investors. Many Dutch businesses, namely Phillip, Unilever, Friesland Campina…have operated effectively in Binh Duong. Especially, the cooperation between Binh Duong province and Eindhoven city in general, between Brainport Group and Becamex IDC in particular has achieved initial successes, especially in the construction of Binh Duong Smart City. He expressed his impression at the efforts by the province in improving a more attractive investment climate and a worth-living environment for the people.
On the sidelines of his working visit to Binh Duong in March 2022, Yamada Takio, Japanese Ambassador Extraordinary and Plenipotentiary and Plenipotentiary to Vietnam said that during the past 25 years, Binh Duong province achieved great development steps. Binh Duong is one of Vietnam’s fastest growing localities. Apart from its geographical advantages, Binh Duong is highly appreciated as an investment destination thanks to the efforts by the local government in creating a favorable investment climate.
Mr. Yamada Takio said that Binh Duong is developing very quickly and is currently one of Vietnam’s localities with the highest GDP per capita. Obviously, this is a very good sign because it means that the living standards of people in Binh Duong are increasing, but it is also a challenge because a number of traditional crafts in the province are facing the loss of competitiveness, due to rising labor costs. Therefore, Binh Duong needs to have cooperation in order to support these crafts towards automation while still ensuring the reduction of emissions causing environmental pollution and providing people with better jobs, thereby promoting the local economic development.
Jaya Ratnam, Singaporean Ambassador Extraordinary and Plenipotentiary to Vietnam said that Binh Duong made great progress during the past 25 years. The birth of the first Vietnam - Singapore industrial park in Vietnam is the clearest evidence for the development cooperation between the two countries Vietnam and Singapore. Binh Duong province has many advantages. For example, the province has high competitiveness and is also the gateway to Ho Chi Minh city. The province has so far attracted more than US$ 43 billion in FDI capital, with more than 4,000 FDI projects in operation…
Whilst, MadanMhanSethi, Consul General of India in Ho Chi Minh city said he has so far visited and worked in Binh Duong province for 5-6 times. Binh Duong has a lot of potential in almost all fields and is a place attracting many Indian investors. Currently, large-scale Indian corporations, namely Widpro, Godrej, TataCoffe are present in the province and there will be many other Indian enterprises to seek investment opportunities in the province in the coming time. He also shared that Vietnam and India have a very fine friendship and each country has many advantages in different fields. For common interests, the two countries will work together, link together to become a part of the global supply chain. Therefore, India is ready to support Vietnamese enterprises, including Binh Duong ones to expand their business scale and promote global trade connections, especially with the Indian market.
Attachment with Binh Duong
Winnie Wong, from American Chamber of Commerce in Vietnam (AmCham Vietnam), Country Manager for Vietnam, Cambodia and Laos said that Binh Duong today is completely different from its image 25 years ago. At that time, Binh Duong was only an agricultural locality. It is now one of the country’s industrial localities with impressive development momentum. AmCham's members are investors who have been present in Binh Duong very early and are continuing to sticking with this land. They are impressed with Binh Duong's efforts on strategic and visionary infrastructure planning and investment.
According to Mrs. Winnie Wong, Binh Duong’s oranizaton of dialogues with enterprises and the investor community in order to better focus on building and developing the local positive investment climate. Binh Duong province has built up its fame in the southern key economic region and is especially a locality with policies and initiatives helping enterprises further develop. Another factor contributing to Binh Duong's success is the search and recruitment of quality workforces in the region. Binh Duong has as of now attracted a large number of direct workers. The birth of universities in the province as well as neighboring ones in Ho Chi Minh city has helped promote the local quality labor market.
Reported by Ho Van-Translated by Kim Tin