Binh Phuoc calls for Singaporean investment in various fields
The southern province of Binh Phuoc called for Singaporean investment in an array of areas during a conference held in both online and offline formats on July 5.
Binh Phuoc (VNA) – The southern province ofBinh Phuoc called for Singaporean investment in an array of areas during a conferenceheld in both online and offline formats on July 5.
The areas include timber processing and furniture,food processing, goods processing from rubber latex, electronics, supporting industries, commercial centres, vocational training and health care.
Singapore is running 15 projects in Binh Phuoc, withcombined investment of 286 million USD, making up 8.5% of total foreigninvestment in the province. The projects mainly focus on husbandry, meatprocessing, and producing animal feed, batteries and accumulators.
Secretary of the provincial Party Committee NguyenManh Cuong suggested Singapore expand its investment in other importantspheres like urban development, trade, transportation, logistics and services.
Binh Phuoc's authorities will create favourable conditions forbusinesses to operate in the province, the official pledged.
At the conference, representatives from localdepartments and agencies cleared up Singaporean investors’ concern regarding BinhPhuoc’s incentives towards enterprises, saying the province has adopted its ownpreferential policies on land and corporate income taxes.
Briefing the participants on Binh Phuoc’sadvantages, Chairman of the provincial People’s Committee Tran Tue Hien highlightedits “golden population” with labourers making up more than 60% of thepopulation.
About 80km from Ho Chi Minh City, Binh Phuoc has 13industrial parks covering more than 6,000 hectares, and three more are expectedto be opened during the 2021-2030 period, he said./.
Binh Phuoc, a province in the southern key economic region, recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee.
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At the conference (Photo: VNA) 
