Binh Duong holds trade promotion event to attract Thai investors

Friday, Mar 26, 2021 14:49


Delegates at the event. — VNA/VNS Photo Chi Tuong

Authorities in Binh Duong Province, in collaboration with Becamex IDC - a leading developer of industrial, urban and transportation infrastructure in Viet Nam - held an online conference on Thursday to promote Thai investment in the southern province.

Despite COVID-19, foreign capital poured into the province in the first three months of 2021 exceeded US$400 million.

Boasting an attractive and open business climate, the accumulated number of FDI projects in Binh Duong as of the end of February neared 4,000 worth close to $38.8 billion. As such, the province ranked third nationwide in terms of FDI attraction, just behind HCM City and Ha Noi.

Thailand has so far injected over $647 million in 39 projects in Binh Duong, making it the 12th-largest of 65 countries and territories investing in the province. Thai investors have a preference for producing high-quality plastic products and industrial plastics, and for manufacturing and assembling civil electrical products.

Sanan Angubolkul, President of the Thailand-Viet Nam Business Council and Vice Chairman of the Thai Chamber of Commerce, said Binh Duong’s dynamic growth had long been on the radar of the Thai business community.

Nguyen Thanh Truc, Vice Chairman of the provincial People’s Committee, highlighted that there was tremendous space for investment cooperation between Binh Duong and Thailand to grow, adding that local authorities would always create favourable conditions for Thai investors. — VNS

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