Binh Duong holds trade promotion event to attract Thai investors

Authorities in Binh Duong province, in collaboration with Becamex IDC - a leading developer of industrial, urban and transportation infrastructure in Vietnam - hold an online conference on March 25 to promote Thai investment in the southern province.

At the event (Photo: VNA)

Binh Duong (VNA) - Authorities in Binh Duong province, incollaboration with Becamex IDC - a leading developer of industrial, urban andtransportation infrastructure in Vietnam - held an online conference onMarch 25 to promote Thai investment in the southern province.

Despite COVID-19, foreign capital poured into the province in the firstthree months of 2021 exceeded 400 million USD.

Boasting an attractive and open business climate, the accumulated numberof FDI projects in Binh Duong as of the end of February neared 4,000 worth close to 38.8billion USD. As such, the province ranked third nationwide in term of FDI attraction, just behind Ho Chi Minh City and Hanoi.

Thailand has so far injected over 647 million USD in 39 projects in BinhDuong, making it the 12th-largest of 65 countries and territories investingin the province. Thai investors have a preference for producing high-qualityplastic products and industrial plastics, and for manufacturing and assemblingcivil electrical products.

Sanan Angubolkul, President of the Thailand-Vietnam Business Council andVice Chairman of the Thai Chamber of Commerce, said Binh Duong’s dynamic growthhas long been on the radar of the Thai business community.

Nguyen Thanh Truc, Vice Chairman of the provincial People’s Committee,highlighted that there is tremendous space for investment cooperation between BinhDuong and Thailand to grow, adding that local authorities always create favourableconditions for Thai investors./.

VNA