Binh Duong welcomes Chinese enterprises making investment in a material supply center for footwear industry

On the afternoon of December 12, Vo Van Minh, Vice-Secretary of provincial Party Committee, Chairman of provincial People's Committee received a delegation and businesses from China’s Guangdong province, led by Luu Tuy Long, Chairman of the Guangdong Chamber of Commerce, Chairman of the Guangdong Shoes Manufacturers Association.

Vo Van Minh (right, top row), Chairman of provincial People's Committee receives a delegation and businesses from China’s Guangdong province

At the reception, Mr. Long said that China is currently the third largest export market and the largest import market for Vietnam's leather and footwear industry. Currently, Guangdong has a center for developing and supplying raw materials for the footwear industry, attracting many Vietnamese businesses for trade activities.

Mr. Long said that Binh Duong has the most favorable conditions to invest in a material supply center for the footwear industry, serving production while developing trade activities in the coming time, thereby improving product quality and ensuring the supply of raw materials as well as making technology transfer towards green and sustainable development.

Speaking at the reception, Mr. Minh said that Binh Duong is one of the country’s largest industrial centers, owning many industrial parks with a synchronous and modern infrastructure system. In addition, the province is investing in developing technical infrastructure and traffic with regional connectivity, forming up a new generation industrial belt along the belt road 4 of Ho Chi Minh city, Ho Chi Minh - Chon Thanh expressway, Ho Chi Minh road at the section through Binh Phuoc province - Binh Duong - Tay Ninh - Long An, facilitating circulation and trade connection. Currently, China ranks first among 65 countries and territories with foreign investment projects in Binh Duong, with 1,661 projects capitalized at nearly US$ 9.4 billion.

Provincial People's Committee Chairman welcomed a proposal on building a center developing and supplying raw materials for the footwear industry in Binh Duong while committing to creating favorable conditions for enterprises and associations to implement the quickly and effectively.

Reported by Ngoc Thanh-Translated by Kim Tin