The factory of the Thai-invested Kraft Vina Paper Co. Ltd in My Phuoc 3 Industrial Park, Binh Duong province (Photo: VNA) As of November 15, thissouthern industrial hub attracted more than 2 billion USD to 64 new FDI projects,24 existing ones, and 161 others in the form of share purchase and capital contribution,according to the provincial People’s Committee.
That raised the total numberof FDI projects here to 4,011 with the combined capital of 37 billion USD from65 countries and territories, giving Binh Duong the second position, afternearby Ho Chi Minh City, in terms of FDI attraction.
Most of the investment waspoured into industrial production, trade, and services.
At a recent online conferenceheld by the provincial People’s Committee to promote Italian investment, AndreaGeuin, Director of Bonfiglioli Southeast Asia, said the firm’s factory,manufacturing automation equipment in My Phuoc 3 Industrial Park of Binh Duong,has recorded good production and business results over the past years.
He spoke highly of the localinvestment climate, the administration’s support, the uniformly developedinfrastructure, and the skilled workforce, noting that his company will expandits factory and coordinate with universities to implement its projects,especially high-tech ones.
Facing travel restrictionsamong countries to curb COVID-19 transmission, this year, the Binh Duong People’sCommittee has organised about 20 virtual investment promotion conferences withmany countries and territories, including Thailand, Taiwan (China), Japan, theRepublic of Korea, Australia, Italy, and European countries.
At those events, localofficials introduced the province’s potential, advantages, and policies while graspinginformation about investors’ demand and the fields they are interested in. Authoritiesalso fielded businesses’ questions about administrative procedures, developmentdirections, and cooperation chances.
Standing Vice Chairman of thePeople’s Committee Mai Hung Dung said amid the COVID-19 pandemic, holding onlineinvestment promotion events is one of the measures helping Binh Duong connectwith major enterprises and stimulate the FDI inflow.
In the time ahead, theprovince will push ahead with completing socio-economic infrastructure,expanding industrial parks, training human resources, building housing forworkers, and ensuring sufficient and timely labourer supply for businesses.
It will also step up administrativereforms, develop high-quality services to meet enterprises’ demand, and enhancepolitical security and social order and safety to make investors feel securewhile operating in Binh Duong, Dung noted./.
VNA
