Binh Duong facilitates local firms

Thursday, Aug 08, 2019 19:07

A factory producing wooden furniture for export in Binh Duong Province. — VNA/VNS Photo Danh Lam

The southern province of Binh Duong will continue improving its investment and business environment, designing policies to support enterprises to deal with difficulties and attracting new projects from now to the end of this year.

Director of the provincial Department of Planning and Investment Nguyen Thanh Truc delivered the statement during a meeting between local authorities and trade associations and businesses here on Wednesday.

As of the second quarter of 2019, Binh Duong had attracted total investment of VND31.15 trillion (US$1.33 billion) from 3,172 new firms and 464 operating ones, Truc said.

Currently, the province is home to more than 39,540 domestic businesses with combined registered capital of VND332.13 trillion.

Sharing Truc's statement, chairman of the provincial People’s Committee Tran Thanh Liem praised the contributions by the firms to the locality over the years, saying that his province considers business development as its own so that local leaders will work hard to remove obstacles facing businesses.

At the conference, enterprises and trade associations in the province discussed a number of issues, including the impact from the US-China trade war, the overloading of the local infrastructure system, traffic connections between Binh Duong and HCM City, as well as warehouse and goods transportation costs.

Businesses also suggested the province establish a centre which can provide them with updated information and help them reduce time and costs for consultations. VNS

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