Many investment cooperation opportunities opened between South Australia state and Binh Duong province

On May 31, at Binh Duong Provincial Administration Center, Nguyen Van Danh, Vice Chairman of the Provincial People's Committee, hosted a reception for Joe Szakacs, Minister of Trade and Investment of South Australia state, who paid a courtesy visit and learned about the investment environment in Binh Duong.

At the meeting, Danh informed about the socio-economic development of Binh Duong province in recent times. He informed that the province prioritizes attracting investment in high-tech industries, semiconductor chips, green energy, green economy, and circular economy; high-tech, advanced, environmentally friendly, less labor-intensive fields, creating high added value; financial and logistics services; supporting industries, high-tech agriculture... Danh also hopes that South Australian investors would come to invest in Binh Duong in these fields.

The Minister of Trade and Investment of South Australia state expressed his impression of the development and strategic directions of Binh Duong province. Joe hopes that the two sides would have cooperation for sustainable development. South Australia is Australia's leading state in fields, like science and technology, artificial intelligence, clean energy, and renewable energy. In addition, the state of South Australia is famous for its high quality education and training system. These are areas where the two sides can cooperate in the near future.

Australia currently ranks 20th among 65 countries and territories with investment projects in Binh Duong, has 29 projects, total investment capital of US$132 million. The main registered investment sectors are wood industry; cold storage; production of household appliances; agriculture and other supporting industries.

Reported by Minh Duy - Translated by Ngoc Huynh