Binh Duong rolls out multiple solutions to attract foreign investment

DNHN - Binh Duong is focusing on improving its investment and business environment by promoting economic restructuring, creative application and high technology.

According to the Binh Duong Provincial People’s Committee, the province is implementing multiple solutions to attract high-quality foreign direct investment (FDI). In particular, Binh Duong focuses on creating favourable conditions for investors, capitalising on the advantages of a stable investment environment and a convenient geographical location. At the same time, the province also enhances its competitiveness by improving the production and business environment, human resources and infrastructure.

Currently, 65 countries and territories have registered to invest in Binh Duong, of which countries and territories in the Asian region account for more than 75% of the total investment capital. These countries include Japan, Taiwan, Singapore, Samoa, South Korea, etc.

Binh Duong province has actively seized new opportunities after Vietnam upgraded its partnership with major economies such as the US, Japan, South Korea, China and Australia. In particular, the province has proactively visited these countries to solicit investment and promote cooperation between Binh Duong and the localities and enterprises of these countries.

In addition to attracting investment capital, Binh Duong province is also committed to creating a transparent and investor-friendly business environment. This helps projects not only be implemented quickly but also ensures long-term sustainability and effectiveness. At the same time, the province also cooperates with the World Bank to build industrial parks following the model of ecological industrial parks, with the application of green energy, solar energy, water recycling and smart operation management.

Mr Le Thanh Toan, Deputy Director of the Binh Duong Provincial Department of Planning and Investment, said that the province has issued many policies to attract investment and create momentum for new growth. The province’s FDI projects have not only increased in quantity but also improved in quality. Selected projects focus on advanced technology and the fields of urban development and high-quality services. Many world-renowned corporations have chosen Binh Duong as an attractive and safe destination for investment. The province is also focusing on improving its investment and business environment by promoting economic restructuring, creative application and high technology.

P.V