Binh Duong holds investment promotion conference with US
Binh Duong has been doing all it can to provide all the best conditions for businesses to resume production and maintain supply chains, Chairman of the southern province’s People’s Committee Vo Van Minh told an investment promotion conference with the US on December 2 night.
Chairman of the Binh Duong People’s Committee Vo Van Minh speaks at the event. (Photo: VNA)
Binh Duong (VNA) – Binh Duong has been doing allit can to provide all the best conditions for businesses to resume productionand maintain supply chains, Chairman of the southern province’s People’sCommittee Vo Van Minh told an investment promotion conference with the US onDecember 2 night.
Held via video teleconference, the event brought togetherofficials and major corporations from both Vietnam and the US. The eventhappened at the time when the fourth COVID-19 wave has been wreaking havoc in manysouthern industrial hubs in Vietnam, like Binh Duong.
In his opening remarks, Minh said Vietnam and the US havenow become trusted partners that boast a comprehensive partnership in all areas25 years after they established diplomatic ties in 1995.
Vietnam is the US’s 10th biggest trade partner anda major importer of goods from the US, he said. The US ranks 11th out of 141 foreign investors in Vietnam for operating 1,135 FDI projects, worthover 10 billion USD in total, he noted, adding that in Binh Duong alone, the UShas injected more than 911 million USD in 128 projects.
Given that Binh Duong has shifted to “safely, flexibly adapting to and effectively containing the pandemic,” the province is doing its best to be a good companion of businesses and facilitate the resumption of production and maintaining of supply chains, the provincial leader emphasized.
He went on to highlight Binh Duong as one of the country’sbest performers in socio-economic development and FDI attraction. The southernprovince was Vietnam’s second largest FDI recipient, after Ho Chi Minh City,raking in over 37 billion USD in FDI from 65 countries and territories, henoted.
Dawn Townsend, Division Director for Trade, GeorgiaDepartment of Economic Development, described Vietnam as an appealing destinationfor foreign groups and corporations thanks to its supply chains, youngpopulation, and a developing economy in the Southeast Asia.
She also highlyspoke of Binh Duong as an industrial manufacturing hub of Vietnam, saying theevent offers a good opportunity for US enterprises to explore investmentenvironment in the country./.
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Chairman of the Binh Duong People’s Committee Vo Van Minh speaks at the event. (Photo: VNA)
