Southern Binh Duong province has been striving to build a friendly administration and turn itself into an ideal destination for investors. Illustrative photo (Source: VNA)Binh Duong (VNA) – Southern Binh Duongprovince has been striving to build a friendly administration and turn itself intoan ideal destination for investors.
To this end, Binh Duong has spared no effort to reform publicadministrative procedures related to investment by cutting time for businessestablishment and investment registration procedures.
Furthermore, meetings between authorities and enterpriseshave been held regularly to receive feedback and proposals from businesses inorder to help them overcome difficulties and boost production in an effectiveand sustainable manner.
The province has also worked to improve localinfrastructure in the fields of transportation, water and power supply andenvironmental treatment, and to expand industrial parks and clear lands for newprojects.
Local authorities plan to promote human resourcesdevelopment to meet demand of investors and build more residential apartmentsfor workers in industrial parks.
Statistics showed that Binh Duong has lured over 4billion USD in foreign direct investment (FDI) in 2016 and the first half of2017. By July 31, the province had attracted 2,959 FDI projects, worth 27.56billion USD, ranking second among 63 provinces and cities in terms of FDIattraction.
The manufacturing and processing sector attracted nearly77 percent of the total FDI during the first months of this year with 1.28billion USD pouring into 129 existing and new projects.
Chinese Taipei topped the list of 23 foreign investorsthat registered to invest or add capital into existing projects during thefirst half of 2017 with 524 million USD, accounting for 32.4 percent of thetotal capital. It was followed by Singapore and the Republic of Korea.-VNA
To this end, Binh Duong has spared no effort to reform publicadministrative procedures related to investment by cutting time for businessestablishment and investment registration procedures.
Furthermore, meetings between authorities and enterpriseshave been held regularly to receive feedback and proposals from businesses inorder to help them overcome difficulties and boost production in an effectiveand sustainable manner.
The province has also worked to improve localinfrastructure in the fields of transportation, water and power supply andenvironmental treatment, and to expand industrial parks and clear lands for newprojects.
Local authorities plan to promote human resourcesdevelopment to meet demand of investors and build more residential apartmentsfor workers in industrial parks.
Statistics showed that Binh Duong has lured over 4billion USD in foreign direct investment (FDI) in 2016 and the first half of2017. By July 31, the province had attracted 2,959 FDI projects, worth 27.56billion USD, ranking second among 63 provinces and cities in terms of FDIattraction.
The manufacturing and processing sector attracted nearly77 percent of the total FDI during the first months of this year with 1.28billion USD pouring into 129 existing and new projects.
Chinese Taipei topped the list of 23 foreign investorsthat registered to invest or add capital into existing projects during thefirst half of 2017 with 524 million USD, accounting for 32.4 percent of thetotal capital. It was followed by Singapore and the Republic of Korea.-VNA
VNA
