Part 1: Businesses satisfied with investment climate
Part 2: Enhancing services
Binh Duong now makes efforts in promoting sustainable economic development. Along with giving priority to luring hi-tech projects, making investment in industrial parks…, Binh Duong is working out a lot of urban, traffic, school, hospital projects at investors’ demand for services.
Good preparations
According to provincial chairman Nguyen Hoang Son, despite the economic difficulties, Binh Duong last year still absorbed more than US$2bln in FDI capital. In 2010, there is recovery in economy, which is as a positive sign. Binh Duong, therefore, has continued making infrastructure investment and paying more attention to investors to welcome the new wave of investment.
The Mien Dong International University
In addition to infrastructure investment, Binh Duong has created many other advantages regarding land, administrative procedures…for investors, helped remove their queries while calling for their investment through trade promotion seminars. With such preparations, it is believed that Binh Duong will continue taking fruits in investment attraction in 2010 and next years.
Well-built infrastructure is the highlight of Binh Duong’s investment climate in the eyes of foreign investors. Other attractive element for investors is Binh Duong’s good preparation about human resources at businesses’ requirements. Binh Duong is also well-known as a locality paying more attention to laborers’ lives. Kang Myoung June, Director of DJV Co.Ltd. said that along with well-built infrastructure, the development of services like tenements for workers, urban areas…near industrial parks is very important. This will help investors feel more secure when making investment in Binh Duong.
Perfecting all aspects for investment attraction
Investors will enjoy many advantages when making investment in Binh Duong province. This is because Binh Duong has been taking better measures to serve investors.
In terms of human resources, Binh Duong has been working out many education and training programs. The province is now home to 7 universities, 6 colleges together with several key projects under construction, including TDM University, Viet Duc University, Mien Dong International University…, which will meet the demand for qualified workforce.
Noticeably, Mien Dong International University, invested by Becamex IDC, is now under completion. The school is built on a 26.4 ha area with a total investment capital of VND1.7trillion. Once completed, the school will provide training in fields of electricity-electronics, information technology, mechanism, industrial management, environment, economic administration…The main objective of the school is to train qualified human resources at businesses-requirements, contributing to creating a good investment climate for Binh Duong.
To ensure industrial development for the next years, Binh Duong has sped up the development of traffic-related infrastructure, including the My Phuoc-Tan Van highway, the belt road 3, the belt road 4…The My Phuoc-Tan Van highway project is one of the province’s key traffic works with a total investment capital of more than VND3.5trillion. It has a total length of 30km going through big industrial parks in Ben Cat, Thuan An, Di An district and TDM town. Once completed, it will connect with the trans-Asia road, the Ho Chi Minh road and traffic system of the southern key economic zone.
According to Becamex IDC Deputy General Director Bui Van Duc, the investment of the My Phuoc-Tan Van highway project will open new opportunities for the sustainable economic development of Binh Duong. The project not only makes great contributions to Binh Duong’s investment attraction, but also reshapes the province in the coming time.
Binh Duong has so far lured 1,966 FDI project capitalized at nearly US$13.5bln, which is the indispensable result for the efforts by the province and is also foundation for the province to rise up. For the next five years, Binh Duong has also set the target of absorbing additional US$5bln in FDI capital. With the above good preparations, it is sure that this target will come true…
Reported by Trong Minh-Translated by K.T
