Dynamic economic diplomacy, effective investment promotion

Dynamic foreign affairs in recent times have brought practical results, contributing to enhancing the position and image of a creative Binh Duong province. In 2024, the province will continue to enhance foreign economic activities, increase attraction of foreign direct investment capital, consolidate and develop friendly cooperative relationships with localities and foreign partners to successfully complete diplomatic tasks to serve socio-economic development.

Nguyen Van Loi and provincial delegation make a visit to China.

Brand promotion

In 2023, Binh Duong's position and reputation continued to be elevated at many important international forums. Taking advantage of strengths and opportunities to continue to effectively attract investment, Binh Duong organized many conferences and forums to meet and exchange with foreign investors, took part in seminars on investment promotion in countries.

Provincial leaders regularly proactively made visits to foreign countries to introduce the Binh Duong brand - a dynamic, creative and effective industrial province - to foreign partners; thereby, strengthening friendly relationships and investment cooperation in large markets, such as Japan, Korea, Singapore, Netherlands, United States, Canada, Germany...; seeking opportunities in new markets in Asia, Europe, and Latin America.

On the other hand, in 2023, the province welcomed many high-ranking delegations visiting and working with Binh Duong; hosted many major international conferences, especially successfully held WTA conference; Horasis 2023 Asian Meeting, "Meet Japan 2023", "Meet Singapore 2023"... Binh Duong's position and reputation continue to be improved.

As actively enhancing bilateral and multilateral cooperation activities, in 2023, Binh Duong signed a memorandum of understanding to establish friendly cooperative relations with two localities, Artemisa province (Cuba) and Nebraska state (USA). The province has established and maintained friendly cooperative relationships with 13 foreign localities.

Dr. Frank Jurgen Richter, Chairman and founder of Horasis, said Binh Duong is one of the most dynamic localities. Binh Duong has established bilateral cooperative relations with 13 foreign provinces and cities and is an official member of international organizations, including the Intelligent Community Forum (ICF), the Asian Economic Cooperation Forum Horasis, and the World Trade Center Association (WTCA)… Binh Duong is known as an ideal destination for regional and global investors, thereby attracting investment and contributing to developing Binh Duong into an intelligent, modern and sustainable urban area.

Expand opportunities

Dynamic and effective foreign economic activities have been helping attracting more and more foreign investment projects into the province, improving competitiveness, motivating Binh Duong to become one of leading provinces and industrial cities of the country.

International trips of provincial leaders have brought positive results. Namely, on occasion of the 50th anniversary of diplomatic relations between Vietnam and Japan, a Binh Duong province’s delegation led by Provincial Party Secretary Nguyen Van Loi visited and worked with Yamaguchi and Ishikawa prefectures, and some Japanese partners. The delegation visited business facilities and infrastructure in Tokyo, met and discussed medical human resources with Japanese doctors, and worked with the Japan International Cooperation Agency (JICA) with the hope to continue receiving cooperation and support in the coming time for projects, such as upgrade of public transport infrastructure in Binh Duong province, urban railway line from Suoi Tien station to Binh Duong new city, public railway Bau Bang - Thi Vai - Cai Mep...

Nguyen Hoang Thao visits Hesse state of Germany.

After the visit of provincial leaders, Japanese partners, i.e. Tokyu Group, said they would continue to cooperate with and accompany Binh Duong, introduce potential Japanese businessmen to Binh Duong. Leaders of the Japan International Cooperation Agency (JICA) affirmed that they would continue to study options to support Binh Duong during the implementation of projects. Ishikawa prefecture and Binh Duong will continue to research and develop future cooperation. Yamaguchi prefecture also continues to promote cooperation activities, tightening the friendship between the two local governments and two elected agencies, strengthening economic, cultural, and medical education cooperation activities between businesses and units of the two localities.

Recently, a provincial delegation led by Provincial Party Secretary Nguyen Van Loi has visited and worked with Guangdong province (China); Huawei Vietnam and Becamex Electricity Development and Investment Joint Stock Company - VSIP (BV Power JSC) signed a strategic cooperation agreement to promote green energy transition in Binh Duong during this trip. After the visit of Binh Duong provincial delegation led by Nguyen Hoang Thao, Permanent Deputy Secretary of Provincial Party Committee, to Hesse state of Germany, Rolf Kramer, Ministry of Energy Economics, Traffic and Housing, said Hesse state pledged to strengthen cooperation with Binh Duong in education, innovation, science and technology areas, and provide support in quality human resource training high for Binh Duong…

Through economic forums and large conferences to gather potential investors, Binh Duong also continues to invite guests to its home and turn its locality into a regional investment attraction center. As a result, Binh Duong signed very important memoranda of understanding and cooperation with partners and corporations around the world many fields, such as culture, education, health care, information technology, electronics, promoting capacity development through innovation and sustainable development centers and projects.

Ha Thanh, Director of Provincial Department of Foreign Affairs: In 2023, Binh Duong overcame many difficulties and challenges, creatively applied the Central guidelines and policies in accordance with the local practical situation, effectively exploited advantages and potentials, domestic and foreign resources help the province's economy develop rapidly and international economic integration become deeper. The Department of Foreign Affairs thoroughly grasped and seriously implemented the Central and provincial directions, effectively implemented foreign affairs activities, trade promotion and investment cooperation.

The whole province has attracted 4,224 FDI projects from 65 countries and territories with a total registered capital of more than US$40.3 billion. Binh Duong is gradually moving to attract high-quality investment capital. Notably, many European investors, including Denmark, the Netherlands, Australia, France... are choosing Binh Duong as an investment destination.

Reported by Ngoc Thanh - Translated by Ngoc Huynh

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