Singaporean enterprises invested 5.4 billion USD in Binh Duong

Dec 13, 2023

Binh Duong currently ranks 2nd in the country in attracting foreign investment capital, after Ho Chi Minh City. Among them, Singapore ranks 5th in terms of number of projects, with 294 projects and a total investment capital of 5.4 billion USD.
On the afternoon of December 11, Binh Duong province organized a dialogue conference with Singapore businesses and the program "Meet Singapore in 2023".

Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, and Mr. Roy Kho, Singapore Consul General in Ho Chi Minh City, co-chaired the conference.

At the conference, Mr. Pham Trong Nhan, Director of the Department of Planning and Investment of Binh Duong province, said that by the end of November 2023, the locality had attracted nearly 1.5 billion USD; including 127 new projects, 37 capital adjustment projects and 138 capital contribution and share purchase projects.

Accumulated by the end of November 2023, the whole province currently has 4,211 investment projects from 65 countries and territories with a total registered capital of more than 40.3 billion USD.

Binh Duong currently ranks 2nd in the country in attracting foreign investment capital, after Ho Chi Minh City. Among them, Singapore ranks 5th in terms of number of projects, with 294 projects and a total investment capital of 5.4 billion USD.

Mr. Pham Trong Nhan informed that in the coming time, Binh Duong will prioritize attracting investment in high-tech, advanced, environmentally friendly, less labor-intensive industries and fields that create high added value. ; financial services, logistics and other modern services; supporting industries, high-tech agriculture and especially attracting investment in science and technology industrial parks.

At the same time, diversify to attract foreign investment from potential markets and partners, focusing on the world's leading developed countries and transnational corporations that hold advanced technology and qualifications. modern administration.

At the conference, Singapore businesses asked questions to provincial leaders and departments related to many issues such as work permit procedures, investment tax incentives, and investment value-added tax refunds. of businesses, construction licensing procedures, preferential policies when investing in business expansion, procedures for changing the name of the investment license holder...

Chairman of Binh Duong Provincial People's Committee said that through the conference, it helped the provincial leaders fully, clearly and more specifically grasp the situation of production and business activities as well as the difficulties and problems of the community. outside business community to focus on handling and troubleshooting.

"In the opposite direction, foreign branches and businesses have more information about the socio-economic situation of Binh Duong province, what the provincial government has done, is doing and will continue to do in the near future. , thereby enhancing understanding, sharing and community responsibility to complete tasks together" - Mr. Minh added.

The Chairman of Binh Duong Provincial People's Committee pledged to urgently and seriously organize the implementation of the contents reported by businesses at the conference as soon as possible, in order to create an environment and conditions for the business community, including There are foreign businesses operating smoothly and constantly growing.

Source: Nguoi Lao Dong Newspaper

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