Binh Duong seeks to lure more Australian investors
A conference on foreign investment attraction to the southern province of Binh Duong was organised in Sydney on July 10, attracting crowds of representatives from the two countries’ business communities.
Sydney (VNA) - A conference on foreign investment attraction to the southernprovince of Binh Duong was organised in Sydney on July 10, attracting crowds ofrepresentatives from the two countries’ business communities.
The event was part of the activities of the field trip to Australia by officialsfrom Binh Duong province and representatives from Becamex IDC Corp.
The event heard that Binh Duong province has issued many important policies toattract foreign direct investment (FDI) and promote economic development, focusingon developing industrial clusters and zones, in order to meet the business andproduction demand of domestic and foreign enterprises.
By the end of 2018, as much as 2.1 billion USD in FDI was poured into BinhDuong, 50.2 percent higher than the set target. The province was home to 3,509foreign-invested projects with total registered capital of 32.2 billion USD,ranking third nationwide after Ho Chi Minh City and Hanoi.
Speaking at the event, General Director of DETMOLD Group of Australia, whichspecialises in providing food containers, said 98 percent of products of the firmwere produced in Binh Duong, adding that the company will continue to expandits long-term production in the locality.
Nguyen Phu Hoa, Chief Representative of Vietnam Commercial Affairs in Australia,said the conference demonstrates initiative and efforts by the Binh Duongauthorities to lure more foreign investment to the locality.
Previously, a trade promotion workshop was held by the delegation in SouthAustralia on July 8.-VNA
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Participants at the conference (Source: VNA) 
