Binh Duong will continue to strongly attract FDI

That was the common opinion of exports and investors, as evaluating FDI attraction of Binh Duong province the coming time.

Experts and investors said that Binh Duong would continue to attract FDI in the coming period. Photo: Production activities in Vietnam Kumho Co. (My Phuoc Industrial Park, Ben Cat Town)

♦ Douglas Barnes, UK Consul General in Ho Chi Minh City: Binh Duong has an attractive investment environment

I was impressed and appreciated the dynamic development of Binh Duong Province. Especially, Binh Duong have comprehensive and modern infrastructure systems, attractive business and investment environment; human resources are abundant and well trained, with a serious working spirit. Vietnam joining many free trade agreements, especially Trans-Pacific Partnership (TPP) and ASEAN Economic Community (AEC), will be a good opportunity for Vietnamese enterprises, especially in Binh Duong province, to deeply integrate into the international markets. We are always ready to support and create favorable conditions for the highest development of Binh Duong Province.

♦ Park Sung Sam, General Secretary of Korean Chamber of Commerce and Industry in Binh Duong (Binh Duong Kocham): Continue to call for Korean businesses to invest in Binh Duong

In the near future, the opportunities from Free Trade Agreements is about to bring many advantages for Vietnam enterprises. Successful foreign investors in Vietnam in general and in Binh Duong province in particular will continue to seek opportunities for cooperation and investment to expand production. As General Secretary of Binh Duong Kocham, I will continue to call for Korean businesses, partners and customers investing in Binh Duong.

♦ Le Hong Phoa, Chairman of Binh Duong Textiles Association: Locally produced brands will be well protected

One of the important contents of the Trans-Pacific Partnership (TPP) and other Free Trade Agreements that Vietnam has joined is to eliminate tariffs on imported goods. Initially, consumers will benefit from cheaper goods because they do not have to pay import duties. However, this also has impact on the fight against intellectual property violations. In Binh Duong, inspection and market control against counterfeiting trademark and intellectual property violations are important factors for competitiveness. When the local government deploys effective solutions to protect brands manufactured in Binh Duong and corporates with investors to fight against goods violating intellectual property, enterprises in Binh Duong will benefit more. This is one of the best conditions to attract investors to Binh Duong province.

♦ Le Ba Linh, Vice President of Provincial Lacquer Association: In 2016, traditional lacquer industry will have stable development conditions

In 2016, the effect of Free Trade Agreements that Vietnam has joined is an advance for the further development of lacquer – handicrafts industry. We believe that the authority will continue supporting businesses and production facilities of traditional lacquer to join the prestigious fairs for market expansion.

♦ Chung Buu Long, General Director of Becamex ISC: Economic development associated with social security

Bing Duong not only opened its doors to welcome investors, but also tied economic development to environmental and social security issues. Coming to Binh Duong, from investors to employees are respected for their contribution to the overall development of the province. The fact that enterprises effectively do their business, workers have stable employment, social securities are guaranteed, infrastructures are invested would ensure Binh Duong a sustainable development.

♦ Setsuo Nakashima, Director of Japanese Company of Car Accessories (My Phuoc Industrial Park III, Ben Cat town): Local leaders take good care of local firms.

Bing Duong is one of the provinces with good infrastructure and open investment environment. I'm really pleased with the infrastructure here, because the transportation system is convenient for the travel and goods transport. In particular, local leaders were very interested in business and creating favorable conditions for business and production activities. If there is a chance, we will promote and call on businesses to invest in Binh Duong.

Reported by D.Chi, T.Hong, P.An – Translated by Ngoc Huynh