Binh Duong pledges to facilitate Japanese investment
The southern province of Binh Duong will create more favourable conditions for Japanese investors, said Chairman of the provincial People’s Committee Tran Thanh Liem.
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During a dialogue with representatives of nearly 100 Japanese firms operating in the province on September 23, the local leader said that the province will continue mobilising resources to complete socio-economic and transport infrastructure, expand industrial parks and create land funds for businesses.
It will focus on training human resources to meet enterprises’ demand while developing social housing for workers, he added.
Priorities will be given to reforming administrative procedures, developing high-quality services and ensuring social order and security in order to create a safe environment for businesses.
Participants suggested the province simplify administrative procedures, offer tax incentives and create conditions for foreigners to buy apartments.
According to Deputy Director of the provincial Department of Planning and Investment Phu Huu Minh, Binh Duong lured US$1.53 billion in foreign direct investment (FDI) in the first nine months of this year, exceeding the yearly target by 9.4%. The money was injected into 188 new projects and 93 existing ones.
Currently, the province is home to 2,775 FDI projects, worth nearly US$25.2 billion, becoming one of the five localities in the country with FDI exceeding US$25 billion.
Japan ranks first among foreign investors in Binh Duong, with 241 projects capitalized at US$5.13 billion.
