Part 3: Binh Duong in foreign investors’ eyes
Binh Duong has over time gained continuous growth in FDI capital. This has not only promoted Binh Duong’s socio-economic development, but also showed that Binh Duong remains an attraction destination for foreign investors.
Advantages
Binh Duong remains an attractive destination for foreign investors, due to sound leadership, well-built infrastructure, reformed administration procedures and a favorable geographical position.
Le Thang Cung, Chairman of provincial People’s
Committee, leaders from the province’s sectors together with a business
delegation from Japan’s Sakai city in a souvenir
photo.Currently, Binh Duong is home to 2,093 FDI projects from 36
countries and territories in the world with a total registered capital of more
than US$17bln. Do Nhat Hoang, Director of the Foreign Investment Department
under the Ministry of Planning and Investment said: “Binh Duong is a locality
with the most positive result in FDI attraction. Despite the global economic
crisis, the FDI capital flow to Binh Duong remains high…”.
Foreign investors’ voice
Thanks to having a favorable investment climate, Binh Duong has continuously welcomed new investment waves. In August alone, Binh Duong absorbed 75 new FDI projects and 81 extra-ones with a total investment capital of US$2.35bln. Most projects focus on hi-tech industries of car components, industrial robots, automobile equipment...This is very suitable to the province’s sustainable development orientation.
Andrew David Walker, CEO of International Beer Co.Ltd. that has just poured US$30mln into Binh Duong said: “We have decided to select Binh Duong for investment, owning to well-built infrastructure and reformed administrative procedures…”.
Regarding Binh Duong’s investment climate, Hidetake Senoo, General Director of Sai Gon Stec Co.Ltd. that has just raised its investment capital by US$175mln for production expansion in Binh Duong said that his company has trusted in Binh Duong’s investment climate. That’s reason why the company has decided to raise its investment capital for production expansion.
Robert Tan Li, Deputy General Director of Liwayway Vietnam Joint Stock Co. also said: “We have felt the flexibility of Binh Duong’s leaders in general and of Binh Duong’s policies in particular. This is a potential for our long-term development. We also want to become a part of Binh Duong in the future”.
Whilst, Singapore's Consul General in Ho Chi Minh City, Pong Kok Tian said: “…With more than 2,000 FDI projects from 36 countries and territories in the world, Binh Duong is among Vietnam’s top five localities in FDI attraction. Binh Duong is also willing to share development experience with other localities and support them in economic development…”.
Many other foreign investors, including Mitsuhiro Mori, Chairman of Japanese Business Association in HCM city; Toshiaki Koshimura, Chairman of Tokyu Group; Wada Yuji, General Director of Sun Steel Joint Stock Co.; Noboru Matsuda, Chairman of Finecs Corporation and Yasuo Nishitohge, Director of Aeon Vietnam Co.Ltd., have also spoken highly of Binh Duong’s investment climate.
Reported by Trong Minh-Translated by K.T
