Binh Duong is ready to receive new investment capital

Nov 08, 2021

Despite being significantly affected by the 4th outbreak of the Covid-19 epidemic, after more than a month of establishing the normal state again, the province's economic situation is on a good trend of recovery and the ability to will continue to grow in the near future. Preparing for the return of foreign investment capital (FDI) after many consecutive months of decline, Binh Duong is in a position to be ready to create all favorable conditions to attract and welcome foreign investors.

Flexibility in the new situation

In the first nine months of 2021, the complicated development of the Covid-19 epidemic has affected the province's FDI attraction, but the positive point is that Binh Duong continues to be one of the top FDI attracting localities in the country. is a reliable and effective place in the eyes of foreign investors. FDI enterprises in the province have also actively developed contingency plans to minimize risks and losses, take advantage of opportunities to boost production and business activities in all situations. . Therefore, despite the impact of the epidemic, FDI enterprises in the province still have appropriate plans to maintain stable production and business and ensure the health of workers.

Accumulated for 10 months of 2021, attracting FDI to the province is more than 1.74 billion USD, up 5% over the same period and has almost reached the target in the plan set out in 2021. This is an optimistic signal in the context of the situation. The situation of the Covid-19 pandemic in Binh Duong as well as many provinces and cities across the country and internationally is still complicated, greatly affecting FDI capital flows. Having this result is the province's efforts and flexibility in pioneering the promotion of investment "marketing" in the form of online early on. In the face of difficulties caused by the epidemic, the province is still interested in effectively exploiting the relationship with investment promotion focal points in foreign markets by regularly actively connecting, working and communicating with organizations and individuals. domestic and foreign organizations, enterprises and individuals involved in investment promotion.

Thanks to the promotion of flexible investment attraction, even in times of complicated epidemic developments, the province's investment attraction activities continued to have bright spots. Among them, outstanding projects have begun to bring into play. According to Mai Ba Truoc, Director of the Department of Planning and Investment, during the period when Binh Duong was negatively impacted by the Covid-19 pandemic, foreign investors continued to be optimistic about the investment environment. business of the province, many investors believe to increase capital. Notably, when the fourth wave of the Covid-19 epidemic was breaking out in the province, Tetra Pak Company still invested an additional 5 million euros in a 120 million euro paper box factory in Binh Duong. This is a solid demonstration of the province's business investment environment and is a safe, attractive and stable destination for businesses and foreign investors.

Maximum support for investors

In 2021, despite being heavily affected by the Covid-19 epidemic, Binh Duong still organizes more than 10 online conferences with other countries to stimulate economic development, call for investment and attract FDI. In addition, strengthening and creating favorable conditions for provincial missions abroad to promote, introduce investment, attract FDI, etc., contributing to supporting the province to overcome the negative impacts of the epidemic soon. , rapid economic recovery and development.

Even at the height of the Covid-19 epidemic, the province hastily organized 7 online conferences to work and solve difficulties and problems of associations and investors such as EuroCharm, AmCham, and the Group. Adidas, NTT East, Tokyu Japan, seminars between ambassadors and Consulate General of Vietnam abroad for the term 2021-2024. In addition, the province has accelerated the organization of 30,712 doses of Covid-19 vaccine for children. investors, experts and foreign workers are working in enterprises in the province.

Recently, at an online conference with leaders of NTT East Group and Tokyu Corporation (Japan) to discuss solutions to effectively attract investment cooperation projects to contribute to rapid and sustainable development. Nguyen Van Loi, Member of the Party Central Committee, Secretary of the Provincial Party Committee, affirmed that Binh Duong continues to implement the motto of always making efforts to stand side by side with businesses and investors. The province always creates favorable conditions for businesses and foreign investors to do business effectively and long-term. Currently, Binh Duong is adapting flexibly and promptly controlling Covid-19 to recover the economy, continuing to build an image of a safe investment location for domestic and foreign investors.

Representatives of many foreign business associations and associations in the area highly appreciated Binh Duong's quick and effective action in preventing the spread of the Covid-19 epidemic in recent years. According to foreign investors, besides the consistency of innovative methods in attracting investment, the investment environment has been greatly improved, enterprises are placed in an increasingly high position with guarantees of long-term interests. long; Binh Duong's infrastructure is increasingly modern and synchronous... are solid fulcrums for investors to feel secure. Assessing the province's investment attraction prospects in the near future, most of the countries' enterprises plan to maintain or increase capital in their investment plans locally.

Mr. Tanabe, Vice Chairman of NTT East Group said: “We highly appreciate the disease prevention, control and control in Binh Duong province over the past time. In order to effectively fight the epidemic and develop the economy, Binh Duong is taking measures to safely open the door for production. "Living safely with the epidemic" is a flexible adaptation, I believe that businesses in the province will completely restart production and business activities; At the same time, it is an opportunity for Binh Duong to continue to attract quality investment projects."

At a recent meeting with businesses, Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee emphasized, as one of the strong industrial development localities of the country, Binh Duong is constantly improving. investment environment, improve competitiveness and strengthen support for enterprise development in the province. Provincial leaders, together with leaders of provincial departments, always create all favorable conditions, promptly solve difficulties and problems, so that investors and enterprises can operate effectively in production and business in Binh Duong.

From last October, Binh Duong and the whole country moved into a new phase of "Safe adaptation, flexibility, effective control of the Covid-19 epidemic". The province continues to take measures to both prevent and control the Covid-19 epidemic, promote and restore socio-economic development, continue to remove difficulties, maintain production and business activities of enterprises. As of October 15, the total newly registered capital and projects to increase FDI capital was estimated at more than 1.74 billion USD (up 5% over the same period). Of which, there are 54 new investment projects (US$566 million), 22 projects with adjusted capital increase (US$799 million) and 149 capital contribution projects (US$381 million). Accumulated up to now, the province has over 4,000 foreign investment projects with a total capital of 36.95 billion USD. This is quite an impressive result when in recent months, Binh Duong has been heavily affected by Covid-19.

Binh Duong is taking the initiative in all solutions to attract increasingly quality and effective FDI. The province is well prepared for conditions such as clean land fund, proactively planning industrial zones, technology ecosystems, implementing human resource training, building social housing, housing for workers, supplying adequate and timely labor resources for businesses to invest in the province... Especially in the context that the Covid-19 epidemic is still complicated, good epidemic control will be the "key" to recovery. and promote economic growth of the province, open the door to receive quality FDI inflows in the coming time.

(Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee)

Source: Binh Duong Newspaper