Binh Duong invites investment from Thai firms

Thursday, Mar 22, 2018 18:25

A garment factory in Binh Duong. Binh Duong is now one of the leading destinations for foreign investors. — Photo VNA

The southern province of Binh Duong called on Thai business firms to invest in the locality at a workshop held in Bangkok on Wednesday.

During the event, hosted by Becamex IDC Corporation and the Federation of Thai Industries (FTI), Binh Duong presented its economic potential and investment opportunities for Thai enterprises, making them aware of the investment procedures in the province as well as country.

Bui Minh Tri, head of the Management Board of Binh Duong’s Industrial Zones (IZs), said the province’s IZs are home to 18 Thailand-invested projects worth US$600 million, including renowned names such as SCG, CP, TCC and SriThai.

The province will continue to improve its investment environment to help foreign investors, including those from Thailand, operate more efficiently in the locality, Tri said.

Binh Duong is now one of the leading destinations for foreign investors. To date, the province has attracted $28.7 billion in 3,602 projects from 63 nations and territories.

In his speech at the event, FTI Vice President Kriengthai Thiennukul spoke highly of Viet Nam’s advantages, including stable politics, abundant workforce, investment incentives and increasing purchasing power.

He encouraged Thai firms to tap the opportunity to connect with Vietnamese partners. Thailand today is one of the major economic partners of Viet Nam in ASEAN. The two nations are striving to raise bilateral trade to $20 billion by 2020. In terms of investment, Thailand is Viet Nam’s 10th largest source of foreign direct investment, with 480 projects capitalised at $8.5 billion. — VNS

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