With the efforts by the local authorities at all levels, Binh Duong continues being a successful destination of foreign investors.
Nearly US$27.6billion poured into province
The province has still continued absorbing more FDI capital amid the world and country’s economy facing difficulties. The whole province, as of July 31, 2017, had a total of 2,959 valid FDI projects with a total registered capital of more than US$27.56million, ranking second nationwide in FDI attraction. To gain the result, the province has always made efforts in improving the investment climate.
Production at the Taiwanese-invested Kymco factory at TDM city-based Dai Dang industrial park
The results from the efforts of the province in improving the investment climate in recent years and the evolution of businesses in the province have continued affirming the business community’s trust on the local favorable investment climate.
For investors from South Korea, their trust on the local investment climate has got more solidly. Since early this year, the province has lured 16 new projects and 17 extra-ones from South Korean investors with a total investment capital of US$306million. Nguyen Thanh Truc, Director of provincial Department of Planning and Investment said that the local investment climate has become better and better towards sustainable development.
Park Noh Wan, South Korean Consul General in HCM city also spoke highly of the efforts by the province in supporting businesses, especially the South Korean business community over the past time. He also wants that provincial leaders will continue creating the best conditions for foreign investors, including more than 600 ones from South Korea, to work effectively.
Investment climate always improved
The province has further attached special importance to improving the investment climate and competitiveness. Accordingly, leaders of provincial People’s Committee and functional agencies have always tried to be able to opportunely solve investors’ queries in the process of production and business.
At a recent dialogue between provincial leaders and the South Korean business community, provincial People’s Committee asked for the local functional sectors to consider and deal with obstacles by them, practically support them to work effectively towards government building serving businesses and people for the common development of the province.
Tran Thanh Liem, Chairman of provincial People’s Committee asserted that the province will further reform administrative procedures, aiming to create an advantageous investment climate for investors. Particularly, the province will mobilize all resources to perfect the local socio-economic infrastructure system; make planning on expansion for industrial parks, creating “clean” land fund for investment attraction; attach special importance to training human resources, building social houses for workers; sufficiently and opportunely supply businesses with human resources…
He also vowed that the province will concentrate on promoting hi-quality services at the needs of businesses and urban-industrial development of the province. Along this, the province will strengthen a task of directing sectors and authorities at all levels to ensure political security, social order and safety, facilitating businesses’ development.
Reported by Tieu My-Translated by K.T
