Binh Duong eyes cooperation expansion with German firms
Leaders of the southern province of Binh Duong, a magnet for foreign direct investment (FDI) in Vietnam, had a meeting with representatives from the German Business Association (GBA) in Vietnam on March 19 to seek ways to expand investment connectivity with nearly 400 German enterprises.
Binh Duong (VNA) – Leaders of the southern province of Binh Duong, amagnet for foreign direct investment (FDI) in Vietnam, had a meeting withrepresentatives from the German Business Association (GBA) in Vietnam on March19 to seek ways to expand investment connectivity with nearly 400 Germanenterprises.
Germany currently has 18 investmentprojects worth 50.7 million USD in the southern province, accounting for only0.4% of the total number of FDI projects, and 0.1% of the combined registeredcapital in the locality.
GBA Vietnam Chairman Alexander Ziehe saidthat the association has nearly 400 member businesses, and Binh Duong is one ofthe main locations for German investment projects in various industries, afterHo Chi Minh City and Hanoi.
He proposed Binh Duong prioritiseaddressing issues related to infrastructure, particularly in transport, improvingwaste management and rooftop solar systems, and bettering the provision ofinformation about new policies by announcing changes at least three months inadvance, and publishing them on online and offline media in both Vietnamese andEnglish.
Nguyen Loc Ha, Vice Chairman of the provincialPeople's Committee, said that in the coming time, Binh Duong will continue torestructure the intra-provincial industrial network, upgrade existingindustrial parks into smart ones, develop supporting industries to increase thelocalisation rate, and invest in building a regional transport system.
According to Ha, the province is prioritising the attraction of FDI in green transformation, with a focus on developingsustainable energy, green economy, and circular economy.
Binh Duong currently has 29 industrialparks and 12 industrial clusters, with more than 60,000 businesses that areemploying more than 1.2 million workers. It ranks third in the country in termsof FDI attraction with 4,247 projects totalling 40.5 billion USD./.
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An overview of the meeting (Photo: VNA) 
