Vice Chairman of the Binh Phuoc People’s Committee Huynh Anh Minh speaks at the workshop in Bangkok on October 17 (Photo: VNA)Bangkok (VNA) – The southeastern province of Binh Phuoc helda workshop in Bangkok on October 17 to invite Thai investors to do business inthe province.
In his speech at the event, Vice Presidentof the Federation of Thai Industry (FTI) Veerachai Monsintorn highlighted that Vietnam continues to be among top destinations for foreigndirect investment (FDI) in the ASEAN. He said in 2018, the country ranked thirdin terms of FDI attraction in ASEAN, after Singapore and Indonesia, adding thatthe FDI flow into Vietnam in the first five months of this year was the highestfor the period in the past four years, reaching 16.74 billion USD.
Veerachai remarked that the Vietnamese Government is working hard to support foreigninvestors and attract more to come through trade and tax incentives, whiledeveloping infrastructure in large industrial areas. He also noted theyoung and skilled labour force in Vietnam, along with growing domestic marketin both scale and purchase power.
Vice Chairman of Binh Phuoc People’s Committee Huynh Anh Minh introducedthe province’s potential and advantages, including a convenient geographiclocation and easy access by all transport means. The province is an industrialhub for textile-garment, leather-footwear, electric and electronic appliance,wool processing and renewable energy, especially solar power.
According to Minh, eight industrial parks with complete infrastructure areoperating in the country with an occupancy rate of 70 percent. The provinceplans to have 13 IPs with total area of 4,686ha by 2020, along with the28,364ha Hoa Lu border economic zone.
Last year, 34 investment projects capitalized at 348.7 million USD werelicensed in Binh Phuoc, the official reported.
He called on Thai firms to invest in the support industry, hi-techindustry and farm processing in Binh Phuoc, stressing that the province willcreate the best possible conditions for foreign investors, especially thosefrom Thailand.
Businesses from Binh Phuoc took the occasion to meet and reach somecooperation deals with Thai partners./.
VNA
