High-quality FDI capital: New driving force for Binh Duong economic development

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Tiếng Anh Tiếng Việt
High-quality FDI capital: New driving force for Binh Duong economic development
Date Submitted: 1 năm

Binh Duong province prioritizes attracting investment in high-tech, environmentally friendly projects; it is expected that by the end of 2024, the province will attract over 2 billion USD in foreign investment capital, exceeding the annual plan.

 

According to Chairman of Binh Duong Provincial People's Committee Vo Van Minh, in the coming time, Binh Duong will focus on attracting investment in high-tech, environmentally friendly projects, while continuing to promote international cooperation to effectively exploit the province's development potential.

This is a breakthrough for Binh Duong to achieve its sustainable development goals and become the leading economic center in the region.

Currently, Binh Duong has affirmed its position as an attractive destination for foreign investors.

With the orientation of modern industrial development associated with urbanization and innovation, the province has attracted high-value projects, contributing to improving the quality of foreign direct investment (FDI).

It is expected that by the end of 2024, Binh Duong will attract over 2 billion USD in foreign investment capital, exceeding the annual plan.

Up to now, the province has had 4,372 FDI projects with a total registered capital of 42.1 billion USD, ranking among the leading localities in the country.

 

Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, shared that the locality is constantly improving the investment environment, aiming to attract high-tech projects, modern transport infrastructure and green industry.

At the same time, the province is committed to accompanying and creating the most favorable conditions for businesses to invest and develop in Binh Duong.

Binh Duong province prioritizes attracting investment in high-tech projects. (Photo: Vu Sinh/VNA)
 

In the last days of 2024, Binh Duong has continuously welcomed many large corporations in the world to survey and promote investment, notably IHI Group (Japan) and Daewoo E&C (Korea).

At a working session with the leaders of the Binh Duong Provincial People's Committee, Mr. Konosuke Yoshii, Director of International Business Development of IHI Corporation, said that the enterprise was very impressed with the local strategic planning, especially the vision of turning the province into a leading service industry and innovation center in Southeast Asia by 2050.

IHI hopes to contribute to this dynamic development through projects on public transportation (TOD), urban railway (MRT) and green industry.

 

At the same time, Chairman of Binh Duong Provincial People's Committee Vo Van Minh also welcomed Mr. Jung Wonju, Chairman of Daewoo E&C Group (Korea) to discuss cooperation opportunities in the field of urban development.

Mr. Jung Wonju shared: “Daewoo E&C wishes to cooperate with Becamex IDC to implement real estate and smart urban projects in Binh Duong. With a synchronous and modern infrastructure system, Binh Duong is an ideal destination to develop high-value projects.”

Mr. Vo Van Minh emphasized that Daewoo E&C’s choice of Binh Duong as an investment destination is a step in line with the province’s orientation towards developing a civilized and modern urban area. The government will provide maximum support so that the projects can be implemented quickly and effectively.

Binh Duong has built an attractive investment environment with a complete infrastructure system, transparent policies and a high-quality workforce. The province also focuses on administrative reform, shortening the time for processing procedures, creating optimal conditions for businesses.

In addition, focusing on developing high-tech industries, smart cities and green industries is helping Binh Duong attract strategic investors from around the world.

 

This is not only a driving force for the local economy but also contributes to enhancing Vietnam's position on the international investment map./.

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