Binh Phuoc seeks to bolster investment from US

07-May-2021 Intellasia | VNA | 5:02 AM Print This Post

The Becamex IDC Corporation together with the People’s Committee of southern Binh Phuoc province held an online conference on May 5 with investors from the US.

Addressing the gathering, vice Chair of the provincial People’s Committee Huynh Anh Minh said trade and investment promotions remain restricted as the COVID-19 pandemic wreaks havoc across the world.

The conference, therefore, holds significant and practical meaning for Binh Phuoc and the US business community and affirms the province’s determination to expand cooperation and attract investment and the attention from US firms.

Binh Phuoc hopes to bolster cooperation with US investors in the fields of industrial engineering, electromechanics, the agricultural processing industry, supporting industries, and high-tech agriculture, among others, he said.

He also pledged that Binh Phuoc will improve its investment climate to ensure transparency, revise policies, and create favourable conditions for businesses operating in the province.

At the conference, Vietnamese Ambassador to the US Ha Kim Ngoc underlined that the US is among Vietnam’s leading trade partners, with bilateral economic and trade cooperation maintaining growth levels despite the adverse impact of COVID-19.

Binh Phuoc is currently home to 13 industrial parks (IPs) covering 4,686 ha. To satisfy economic development demand and attract investment in the 2021-2030 period, the province eyes the expansion of three IPs and the establishment of four others, raising the total area to 10,000 ha.

Prominent among these will be the Becamex – Binh Phuoc Industrial and Urban Complex in Chon Thanh district, which has drawn 49 projects with registered capital of nearly 1 billion USD.

Becamex Binh Phuoc is set to build the 1,000-ha Dong Phu Urban IP in the time to come./.

https://en.vietnamplus.vn/binh-phuoc-seeks-to-bolster-investment-from-us/201041.vnp

 

Category: Business, Vietnam

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