Strengthening external relations to attract investment

Performing open, diversified diplomatic policies in the spirit of “Vietnam wants to be friends with all countries on the basis of equality, respect, cooperation and mutually benefits” of the Party and State, in recent years, Binh Duong province has paid attention to and implemented well foreign affairs to serve provincial development, especially economic field. At the present, there are 39 countries and territories investing in Binh Duong. The province also twinned with 8 foreign localities for cooperation.

To create an open investment environment

Recently, Binh Duong leaders repeatedly welcomed foreign delegations of foreign governments, multinational corporations, large companies... They had the same desire for investment opportunities in Binh Duong. Delegations were so impressed by the rapid development of Binh Duong as well as open policies, favorable investment climate, high sense of responsibility of provincial leaders and all governmental levels.

In the last 5 years, Binh Duong province has paid attention to and implemented well foreign affairs to serve provincial development. Image: Tran Van Nam (right), Chairman of Provincial People’s Committee, received Japanese Tokyu Corporation’s delegation

In the last visit to Binh Duong, Seok Hyun Son, Board of Directors’ Chairman of Sungjin Foma Company (South Korea) specializing equipment of automobiles, said cheerfully that the delegation had aimed learn about a new investment environment, before the visit. But when provincial leaders welcomed them and introduced local economic development, preferential policies to investors, the company made the decision to select Binh Duong for launching new projects.

Le Phu Hoa, Director of provincial Department of Foreign Affairs, said there were 39 countries and territories around the world to invest and cooperate with Binh Duong. The leading investor in terms of project number and invested capital is Japan, followed by Taiwan, South Korea, Singapore ... Thanks to good trade promotion activities, open investment policies, in the last 9 months, the province absorbed nearly $1,480 billion, surpassing year-target in 2015.

Promoting investment attraction

According to Mr. Hoa, diplomatic activities are very important. At provincial level, the main role of diplomacy is to assist agencies to attract foreign investments through developing activities of foreign economic, trade, investment promotion, market expansion. In addition to purely diplomatic activities, the department cooperated related agencies to organize cultural – art, sport, exchange activities for businesses, people in foreign localities. From these activities, Binh Duong twinned with 8 provinces, cities in Asia and Europe, like: Yamaguchi (Japan), Guangzhou (China), Eindhoven (Netherlands), Champasack (Laos)...

Chung Buu Long, General Director of Becamex ISC, said the steady development of Binh Duong showed a strong relationship between foreign and domestic affairs. When calling for investment, provincial leaders are committed to creating an open, stable investment environment. Therefore, as a professional industrial developer, Becamex IDC gave birth to many subsidiary companies specializing infrastructure construction, consulting services, investor supporting; simultaneously supporting resettlement of people. The corporation has also gave different trainings to workers in order to help employees to improve their qualifications and skills, commit themselves to work and the overall development of the province.

Reported by D.Chi – Translated by Ngoc Huynh