Binh Duong has so far created a good impression on enterprises by many efforts to improve the local investment climate. This was proved by positive figures in FDI attraction in 2012 and 2013’s first months. More importantly, Binh Duong has reached considerable results for sustainable industrial development in the right direction.
Binh Duong still an ideal destination for investors
In the first two months of 2013, Binh Duong absorbed
additional 193 domestic enterprises with total registered capital of VND896bln
and 63 capital-increasing ones with more than VND779bln, bringing the total
number of domestic enterprises herein to 13,745 with total registered capital
of VND105.784bln. 
Rear-view mirrors being manufactured at Suntech Vina Company
Binh Duong also lured another US$579.3mln in FDI capital from 36 new FDI projects and 35 capital-increasing ones. The figures have lifted the total number of FDI projects flowing into the province up 2,156 capitalized at US$17.8bln.
In 2012, Binh Duong took the lead in FDI attraction with US$2.6bln. Possibly speaking, under investors’ point of view, Binh Duong is still an ideal investment destination.
Nguyen Lam Vien, General Director of Vinamit Joint Stock Company that has spent 17 years on processing farm produce in Binh Duong said: “We have sincerely thanked provincial leaders for their attention to our company’s development…”. Meanwhile, General Director of Binh Duong Garment One-Member Co.Ltd. said that Binh Duong has always helped enterprises give vocational training to laborers.
The majority of laborers are unskilled ones when coming to Binh Duong. The province and companies have jointly provided vocational training to these laborers. But, after becoming skilled workers, they have regularly sought other jobs and even returned their hometown to work. Hence, according to Mr.Phoa, the province needs to have more efforts for this.
Binh Duong has also always excelled at reforming administrative procedures. This has been greatly appreciated by enterprises. Kim Gyong Tae, General Director of Suntech Vina Company that has just been put into operation in Ben Cat district-based My Phuoc 3 Industrial Park said that thanks to the assistance of authorities at all levels, his company was granted an investment license only after 4 months of making investment procedures. Also thanks to this task well implemented, many enterprises have decided to make a long-term investment in Binh Duong. For example, Sai Gon Stec Co.Ltd. last year raised its investment capital by US$175mln.
Importance is faith
Thanks to infrastructure well built plus administrative procedures effectively reformed, Binh Duong has created a favorable business climate for investors. The province has also bent on the fields of education and health to improve the quality of human resources; helped enterprises remove their hurdles in production and business…All things have been implemented very transparently, making enterprises feel secured when pouring their investment capital into Binh Duong.
To the Head of the Ministry of Planning and Investment's (MPI) Foreign Investment Agency Do Nhat Hoang, Binh Duong is a locality with positive results in investment attraction. Despite the impacts of the global economic downturn, capital flow into Binh Duong is still at a high level, due to its favorable investment climate…
Reported by Phuoc Giang-Translated by K.T
