Chinese businesses keen on investing in Binh Duong
(VOV) - China has invested nearly US$1.4 billion in 204 projects in southern Binh Duong province, said Tran Thanh Liem, Vice Chairman of the provincial People’s Committee.
At a May 4 meeting with an 18-member business delegation from Chinese Fujian province, Liem said Binh Duong leads provinces and cities nationwide in terms of foreign direct investment (FDI) garnering with 2,460 projects which are valued at nearly US$21 billion.
He added that the province always creates a niche for investors to operate effectively.
Binh Duong encourages and gives priority to investment projects in industrial zones which have modern technologies, highly competitive products and less pollution.
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To take advantages brought about by free trade agreements, especially the Trans-Pacific Partnership (TPP), the province has planned special zones for the garment support industry in Bau Bang district and Ben Cai town and for the timber support industry in Bac Tan Uyen IZ.
The Fujian businesses’ visit to Binh Duong this time aims to seek investment opportunity, especially in garment and footwear industries and to gain a better understanding about tax and land preferential policies.
Late March, a Chinese business association in HCM City led by its President Miao Ren Lai held a working session with Binh Duong leaders to study investment environment.