US firm CT Strategies is considering the possibility of developing a free trade zone in the southern province of Bình Dương. — VNA/VNS Photo

US firm CT Strategies is considering the possibility of developing a free trade zone in the southern province of Bình Dương, Andrew Farrelly, the firm’s CEO, said at a working session with the provincial administration.

Farrelly said he highly valued the infrastructure development as well as the economic potential of Bình Dương.

The locality meets all conditions to form free trade zones, aiming at facilitating businesses' operation, he said, elaborating that the province has a convenient transportation system that connects to deep-water seaports and international airports.

Mai Hùng Dũng, deputy chairman of the provincial People’s Committee, hailed the US firm’s plan, saying that forming a free trade zone is Bình Dương’s important goal to step up the clearance of goods and enhance the professional management of the logistics system.

The province always pays attention to solutions to attract investment and industrial development, especially green, modern and environmentally friendly industries, the official said, adding that it supports businesses including CT Strategies to seek investment fields suitable to locality's development policy.

Bình Dương has so far attracted 4,113 foreign direct investment (FDI) projects with a total registered capital of US$40 billion.

CT Strategies is a consultancy headquartered in Washington DC. It specialises in providing technical support and capacity building services to facilitate trade, logistics solutions, border management, and the development of free trade zones. — VNS