Opportunities to promote and attract investment in Binh Duong

November 25, in Binh Duong, the Asian Economic Cooperation Forum (Horasis) 2019 officially opened, with the theme: The dynamic development of Vietnam. Attending the opening ceremony were Politburo Member, Deputy Prime Minister Vuong Dinh Hue, representatives of central ministries and agencies; Mr. Tran Van Nam, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the provincial National Assembly delegation; Mr. Frank-Jürgen Richter, President Horasis. Attending the ceremony, there were also representatives of Trade Offices, business associations, domestic and foreign businesses.

Deputy Prime Minister Vuong Dinh Hue speaks at the opening ceremony of Horasis 2019. Photo: Xuan Thi

Dynamic development

Speaking at the opening ceremony, Deputy Prime Minister Vuong Dinh Hue informed about a number of Vietnam's socio-economic development achievements and emphasized: In the context of declining global trade, This year Vietnam's exports still reach 263 billion USD, up 7.4% compared to 2018. The quality of growth and competitiveness of the economy is improving. According to the latest assessment of the World Economic Forum, Vietnam's global competitiveness ranking increased by 10 places in 2019 to 67/141 countries, one of the fastest growing countries in terms of rank and score. These outstanding achievements have greatly contributed to the southern key economic region, especially Ho Chi Minh City and Binh Duong.

Vietnam is building a socio-economic development strategy for 2021-2030, with a vision to 2045, promoting the strength of great unity of the entire nation, and actively actively integrating into the world; promote innovation, promote self-reliance and prosperity aspirations to overcome the middle income trap, striving to become a high-income developed country by the middle of the century.

With the geographical advantage of being located in the central region of the southern key economic region, Binh Duong is gradually asserting its role in regional, inter-regional and international connectivity. Binh Duong is one of the provinces with strong industrial development, with an industrial share accounting for over 60% of the province's GDP. The province has more than 10,000 hectares of industrial park land, more than 38,000 domestic invested enterprises. The province currently ranks second in attracting foreign investment (FDI), with more than 3,700 projects.

In 2019, the province achieved and exceeded most of the key targets. Outstanding results, the province's GDP increased by 8.95%; The proportion of industry accounts for 64.1% in GRDP; export turnover increased by 15.6%; State budget revenue exceeded 15% of the estimate ... This is an important foundation for the province to enter the development stage, actively participate in the 4th industrial revolution and extensive international integration.

Evaluating the dynamic and strong development of Binh Duong over the past years, Deputy Prime Minister Vuong Dinh Hue affirmed: The dynamic development of Binh Duong not only brings tremendous resonance power to the economic region. Southern focal points, but also contribute significantly to the overall development of the country. Especially, with the implementation of the project "Smart City" with specific and practical activities, Binh Duong province once again creates a solid basis for us to believe and expect in a Binh Duong city is worth living in the future.

Horasis 2019 - opportunity for investors

In the context of strong development of regional economic integration and cooperation in the world; Economic, trade and investment liberalization becomes an overarching trend, Horasis 2019 is an important event to bring together international experts, administrators, investors, and senior leaders in the fields. business focused intelligence to find the right radical solutions and development strategies for a peaceful, stable and prosperous future.

Deputy Prime Minister Vuong Dinh Hue emphasized that Horasis 2019 is not only a good opportunity for Binh Duong to promote the image of the province in particular, of Vietnam in general to international friends, but also an opportunity for businesses to learn. and choosing Binh Duong - an attractive and reliable investment destination, a city worth living and developing sustainably, for investment. Horasis 2019 is a key event in the series of events "Smart City Binh Duong 2019" and especially the announcement of Binh Duong New World Trade Center on November 23. The Deputy Prime Minister believed that these activities will continue to make new socio-economic breakthroughs in the coming time for the province.

Deputy Prime Minister asked Binh Duong to pay attention to some issues such as improving and harmonizing business environment; building a high-quality workforce to promptly meet the needs of the industrial revolution 4.0; economic development associated with environmental protection. In parallel with the process of socio-economic development, Binh Duong also needs to build a more modern and attractive living environment, while at the same time paying attention to preserving and protecting natural resources and solving environmental problems. School, towards the construction and sustainable development of its smart city.

The Deputy Prime Minister expressed his belief and expectation that Binh Duong's breakthrough in the near future will contribute to the overall prosperity of the southern key economic region and the whole country.

Speaking at the ceremony, Mr. Tran Thanh Liem, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, affirmed that Horasis 2019 held in Binh Duong is an special international event for the people of the province. Horasis 2019 is an important event to bring together international experts, managers, investors and senior leaders in the business areas of intellectual focus to find radical and strategic solutions. Appropriate development strategy for a peaceful, stable and prosperous future.

Especially, through this forum, Binh Duong province hopes to find important modern solutions to reallocate the province's development resources in a more effective way and be applied appropriately in practice. of the province in the future. This forum also contributes to the development of an increasingly dynamic and ready economy for international integration; effectively serving the process of industrialization, modernization and realizing the development goal of Binh Duong province to become a smart city, bringing a better life for the people.

Reported by Phuong Le – Minh Duy – Translated by Vi Bao