Over the past time, Binh Duong is the province standing in the top of the country in attracting foreign investment (FDI). To maintain its position as well as meet new development needs, the provincial leaders have identified the need to further improve the investment environment, have a clear and transparent plan for investment attraction, and public.
Identify barriers
At the discussions on the direction of economic development in Horasis 2018 recently held in Binh Duong, the experts made comments on the shift trend. Invest in Asian markets, including Vietnam. However, experts also said that Asian countries, especially South East Asia, need to further clarify investment policies in order to create conditions for investors to relax in this market.
According to investors, in order to attract FDI capital, countries need to remove difficulties in policies and human resources; There is a common solution to improve productivity and quality of labor and policy transparency. At Horasis 2018, leaders of many foreign businesses also said that Vietnam needs to synchronize the application of information technology, digitize the activities of management agencies to improve the effectiveness of policy implementation, cutting minimize time, cost for business.
Production line of a company in Ben Cat Town. Photo: XUAN THI
Bruno Angelet, head of the European Union delegation to Vietnam, said Vietnam should continue to remove the current trade and investment barriers in parallel. with improved business investment. In the current context, transparency is a key factor for investors to better understand the rules and procedures to be followed. Fair, transparent, stable and predictable business environment is among the top priorities of EU businesses when investing in Vietnam.
Talking to reporters on proposals for Binh Duong to attract smart investment, said Yukiko Ito, Founder and CEO of Zest Inc. (Japan), said he was impressed with the infrastructure and plans for Binh Duong's smart city. He proposed Binh Duong should continue to promote the training of human resources with high qualifications; At the same time, creating a favorable environment for investors; Particularly, the transparency of attracting policies in order to limit the harassment and make it difficult for investors.
Actively create new impulses
Over time, Vietnam has made good use of its advantages, along with its efforts to conclude bilateral and multilateral trade agreements, which set out trade liberalization policies. Viet Nam has also focused on improving the investment and business environment by limiting barriers to investment, business, tax cuts and improving tax administration. bureaucracy, as well as streamlining procedures to remove unnecessary steps.
Recognizing the current issues in attracting investment capital, Binh Duong province has plans to attract new capital - attract investment with high technology content. It can be said that the deployment of building a smart city under the model of "three houses" (State - school - enterprise) of the province received the attention and appreciation of investors. It is of great interest to investors that the construction of Binh Duong Smart City is based on practical needs and is one of the technological solutions contributing to solving urgent problems, social development of the province, bringing practical benefits for people and businesses.
In order to promote attracting high technology investment, Binh Duong has been investing in research and development, promoting marketing and brand development Binh Duong in the international arena. Along with that, the province attaches great importance to building the infrastructure to meet the practical requirements set out, focusing on developing logistics, processing customs procedures ...
Regarding the improvement of the investment environment, in the past time, apart from the common objectives of consistently maintaining investment regime and policies, Binh Duong has made efforts to improve the business investment environment. by implementing a one-stop online registration; shorten time for customs procedures; Increase the proportion of electronic tax payers. At the same time, the province also abolished unnecessary procedures, publicity and transparency in handling procedures.
Reported by Tieu My – Translated by Vi Bao
