To create favorable conditions for business growth

With synchronous and modern technical infrastructure; an inter- and external connected transport system, Binh Duong always creates favorable conditions for investors.

A session about opportunities of investment attraction in Binh Duong

That was the affirmation of Mr. Liêm, Deputy Secretary of Provincial Party Committee, Chairman of Provincial People's Committee, at a session about investment promotion held on 25 Nov.

Be ready to welcome businesses

Speaking at this session, Mr. Liêmiem said that Horasis Asia 2019 had created good conditions for Binh Duong province to meet and contact with leaders of corporations, leading economic experts in the world, potential partners who have paid attention to, and contributed tothe development of Vietnam in general and Binh Duong province in particular in the coming time.

The synchronous and modern technical infrastructure, an inter-regional and cross-regional transportation system, facilitate industrial development and planning for new urban areas. Up to now, Binh Duong province has attracted 35 billion USD of FDI capital. i In recent years, along with the transformation of Asia and the world, Binh Duong province is implementing the project of  Binh Duong Smart City 2021, vision towards 2030 to enhance the development of Binh Duong smart region to be equal to Asia and the world.

Mr. Tran Thanh Liem affirmed that provincial leaders and governmental units were willing to support and answer questions of enterprises and investors. At the same time, the province is always ready to welcome and create favorable conditions for businesses to cooperate, invest and develop together.

Efforts to improve labor quality

At a session about investment opportunities in Binh Duong, Megan Li, Founder and CEO of Shanghai iMega Industry Co., Ltd raised a question about which industries and fields are welcomed by Binh Duong and have advantages here. Bùi Minh Trí, Head of Management Board of Provincial Industrial Zones, said that Binh Duong always welcomes domestic and foreign enterprises and investors, with priority given to a number of industries and fields such as automobiles, electrical, electronics, precision mechanical machinery, supporting industries. The province also prioritizes less labor-intensive projects, projects with high added values, and limiting projects likely to cause environmental pollution. Binh Duong complies with the Vietnam Government's policy on investment attraction.

Phạm Thị Mỹ Lệ, Chairwoman of A&L Company, raised the issue of ensuring skilled labor force for enterprises. According to her, because the training providing units and employers have not met, leading to the situation that enterprises have to retrain when using labor. Does this problem encounter Binh Duong and how to solve it? Phạm Văn Tuyên, Deputy Director of Department of Labor - Invalids and Social Affairs, said according to the assessment of enterprises, labor quality of Binh Duong has been improved. The province has many supporting policies to connect schools and businesses to meet the requirements of labor qualifications for businesses. In the coming time, the province continues to make efforts to improve the quality of human resources in the direction of business needs, promoting factory internships ...

Assoc. Prof. - Dr. Trần Đình Thiên - member of the Prime Minister's economic advisory group, said that Binh Duong was a province with foresight. This is demonstrated in their economic development strategy, the implementation of the smart city construction project. However, in 2019, when the province achieves important achievements in attracting investment, it is not necessary to apply a high targets of investment attraction in the following year, but it needs a broader vision.  The province needs to continue improving the quality of investment, selecting investment technologies in accordance with development orientation. Slow down to have a larger advancement, to be more stable, stronger is the road that Binh Duong needs to go.

To call for cooperation of investors

Binh Duong is located in the southern key economic region. The region has economic growth of 1.5 times higher than the national average, accounting for 40% of national export turnover, contributing 60% of the national budget, attracting more than 60% of projects and 50% of FDI capital of Vietnam. The province owns synchronous and modern technical infrastructure, an inter-regional and cross-regional transportation system, facilitate industrial development and planning for new urban areas. Up to now, Binh Duong province has attracted 35 billion USD of FDI capital.

Mai Hùng Dũng, Permanent Vice Chairman of Provincial People's Committee emphasized, Binh Duong was transforming itself into a "golden land" ready to spread out red carpet to welcome investors and cooperation. The strengths of technology, finance, international market network and business management skills of investors here are once combined with the advantages of this province, it would bring great and practical benefits for both sides.

Binh Duong desires to introduce its potential and investment opportunities , and at the same time, calls for businesses to cooperate in many areas, such as high-tech industries, supporting industries, information technology, as well as investment in trade and service development, construction, infrastructure development, human resource training and development. The provincial leaders are committed to working closely with businesses, ready to create the most favorable conditions for production and business activities of foreign investors.

Reported by T.Dũng, M.Phan, P.Lê, M.Duy – Translated by Ngoc Huynh