Business

Binh Phuoc seeks to bolster investment from US

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.
Binh Phuoc seeks to bolster investment from US ảnh 1At the conference (Photo: VNA)
Binh Phuoc (VNA) - The Becamex IDC Corporation together with the People’s Committee of southern Binh Phuoc province held an online conference on May 5 with investorsfrom the US.

Addressing the gathering,Vice Chairman of the provincial People’s Committee Huynh Anh Minh said tradeand investment promotions remain restricted as the COVID-19 pandemic wreaks havoc across theworld.

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

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

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

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

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

Prominent among thesewill be the Becamex - Binh Phuoc Industrial and Urban Complex in Chon Thanhdistrict, which has drawn 49 projects with registered capital of nearly 1billion USD.

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