Over the past time, Ben Cat town’s FDI attraction significantly contributed to the local socio-economic development. This also affirmed the effectiveness of trade promotion and investment attraction activities from Binh Duong and the town as well..
Nearly US$5.7billion in FDI capital
Ben Cat town has to date attracted 2,435 projects, comprising of 517 FDI projects capitalized at approximately US$5.7billion and 1,918 domestic ones totaling more than VND23.13trillion. Since early this year, there have been 572 new projects, including 56 FDI project worth nearly US$316million and 516 domestic ones valued at more than VND1.32trillion. This result affirmed that the town has been attractive to domestic and foreign investors.
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Tran Thanh Liem (second left), Vice-Secretary of provincial Party Committee, Chairman of provincial People’s Committee visiting Punch Industry Manufacturing Vietnam Co.Ltd.’s plant at Ben Cat town-based My Phuoc 3 Industrial Park
Most projects in the town focus on auxiliary, hi-tech industries…Some with great capital are the over VND300-million tyre plant of South Korea’s Kumho Asiana Group; South Korea’s Orion Vietnam Food Co.Ltd. with US$40million; Kaiser Vietnam Wood Industries Co.Ltd. with US$45million…The wholly Japanese-invested Punch Industry Manufacturing Vietnam Co.Ltd. has also just put its plant specialized in manufacturing various moulds for industries into operation at the My Phuoc 3 Industrial Park. This was an important event, marking the new development period of the company while contributing to generating jobs for the local laborers, improving their lives.
According to the assessment of foreign investors in the town, the above-mentioned results came from the efforts by the local authorities at all levels in improving the investment climate. Especially, the town attached special importance to enhancing the effectiveness of investment projects as this was also the best way for trade promotion and investment attraction.
Clean projects prioritized
To absorb more FDI projects, the town and relevant units will improve activities on trade promotion…The town will also further reform administrative procedures pertaining to investment agreements in order to lure more industries as oriented; promulgate preferential policies in line with the province’s orientations in investment attraction.
The town now concentrates on perfecting traffic, water, power infrastructure systems to serve the implementation of investment projects. Regarding investment attraction, the town gives priority to clean, hi-tech and environmentally friendly projects; promote auxiliary industries and projects with new technologies…
In terms of administrative reform, the town will further create the best conditions for enterprises to work effectively. This will contribute to helping the town further be an attractive destination for investors in the coming time.
Reported by Thoai Phuong-Translated by K.T
