Binh Duong urged to attract investment in high-tech sector
(VOV) - State President Truong Tan Sang has suggested that Binh Duong should try to attract investment in hi-tech and high added value industrial sectors.
While visiting the southern province of Binh Duong on October 27, President Sang had a meeting with representatives from 70 firms operating in Binh Duong, during which he spoke highly of the efforts that the firms have made over the past years, and shared their current difficulties.
Business representatives raised the problems that the rescue packages were not sufficient to a majority of enterprises, while priorities so far have only been given to attracting new investment, neglecting operating firms. As a result, a number of foreign-invested enterprises have been reduced production scale.
In response, President Sang said the Party and State are making adjustments in both macro policies and specific measures to assist production.
Despite many difficulties, Binh Duong has so far reached 65 percent of its yearly target for this year, with industrial production value hitting VND95,212 billion, up 12.7 percent year-on-year.
In the first nine month of this year, the province attracted VND9.9 trillion (about US$472 million) in domestic investment and US42.4 billion of foreign capital.