Binh Duong promotes favourable business environment
The southern province of Binh Duong has set creating a favourable business environment a top priority to attract investment and improve its provincial competitiveness index (PCI).
At Vietnam - Japan Company in Binh Duong Province (Photo: VNA)
BinhDuong (VNA) – The southern province of Binh Duong has set creating afavourable business environment a top priority to attract investment andimprove its provincial competitiveness index (PCI).
Themove is part of an investment attraction programme in the period 2016 – 2020,according to Mai Hung Dung, Vice Chairman of the provincial People’ Committee.
Accordingly, the province will hold more dialogues with enterprises to resolveproblems they are facing𒆙 and boost administrative procedure reform, including🍎single-window system and online administration services.
BinhDuong has to date had 2,890 foreign direct investment (FDI) projects worth 27.1billion USD.
In the first three months, the locality attracted over 1.34 billion USDof FDI capital. Of the total, 793 million USD was from 43 newly licensedprojects and the rest was from 18 projects that got additional capital.
It is also home to over 26,500 domestic firms with a total registeredcapital of 198.2 trillion VND (about 8.7 billion USD).
During the first quarter, the province approved the setting up of 966new enterprises with a total investment capital of 5.39 trillion VND (about237.3 million USD), while allowing 166 operating ones to raise their capital bya total of 3.73 trillion VND (164 .1 million USD).
Binh Duong plans to attract partners with strong economic potentials toindustries with high technology and high-added value, agro-industry and supportindustry.
Regarding domestic investment, the locality aims to have 23,000 newprojects worth 110 trillion VND, doubling the period of 2011 – 2015.
It also will give priority to investment into industrial parks withwell-prepared infrastructure. –VNA&𒐪nbsp;
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At Vietnam - Japan Company in Binh Duong Province (Photo: VNA) 
