Tran Van Nam (right, first line), chairman of the provincial People’s Committee grants investment certificates to foreign enterprises.
Thanks to advantaged investment environment and good impression of local and foreign enterprises, investment capital into Binh Duong increases sharply. Possibly speaking, enterprises’ satisfaction is the important thing for investment environment.
Enterprises’ satisfaction
In the first quarter of 2015, Binh Duong had additional VND3,835bn in registered capital of local enterprises, lifting the number of domestic businesses in Binh Duong up to 18,001 with the total capital of VND136,506bn. Also in the same quarter, Binh Duong attracted more US$402mn in FDI capital, lifting FDI capital into the locality up to over US$20.8bn with 2,440 businesses. With the impressive figure, Binh Duong is still an ideal destination for investors.
Rober Ng, director of Sakata Inx Vietnam Co.Ltd. in Vietnam-Singapore I IP said “Right from the first days in Binh Duong, I realize the locality is a developing province. Binh Duong has thus far been one of provinces leading in industrial infrastructure. Besides, Binh Duong’s human resources is very well. Thanks to advantages, we believe in Binh Duong’s developing potential and invest in the locality in long term”.
Regarding the local administration’s care for enterprises, Mr.Rober Ng shared that in the past year Sakata Inx Vietnam Co.Ltd in Binh Duong unfortunately suffered a fire. After that Binh Duong administration supported the company timely and encouraged the company’s leaders. Therefore, the company has recently increased investment capital up to US$7mn for print ink production, lifting the company’s investment capital to US$21.5mn.
Yasuo Nishitohge, general director of Aeon Vietnam Co.Ltd said that investing in Binh Duong, enterprises are very pleased. Local leaders and departments and agencies timely support enterprises when enterprises face difficulties. As such, Aeon Binh Duong Canary in Thuan An town invested by the company was launched in time and put into operation as scheduled.
Trust brings efficiency
Park Jin Ku, chairman of Korean business association in Binh Duong assessed that Binh Duong possesses a modern infrastructure facility and simple administration procedures, bringing many advantages for investors. Therefore, many Korean businesses have decided to invest strongly in Binh Duong. Meanwhile, Marcus IP, director of Nam Phuong Textile Co.Ltd. said that the company enjoys care and assistance from the provincial authority during its investment process. Therefore, the enterprise has spurred its progress of construction to inaugurate a US$120mn fiber production plant in this year.
Binh Duong’s investment environment is proven and pleased during the past years. This success is thanks to great effort of the local administration in making up an advantaged, transparent and effective investment environment.
In its competency, Binh Duong is always vanguard to make up advantaged conditions such as methodical planning of industrial parks, improvement of efficiency of administration reform, strong investment in education and healthcare and more. All issues are implemented publicly and transparently, bringing trust and secure in mind for enterprises.
Lastly, the provincial People’s Committee chairman said that local and all level leaders are always aware of important role of business community, contributing greatly to local socio-economic growth. The provincial leaders always go with enterprises, respect and listen to their frank ideas and aspirations in a bid to improve investment environment effectively.
Reported by T.Minh – Translated by A.C
