Binh Phuoc Province seeks to improve its business climate and attract businesses in fields such as processing and supporting industries. — VNA/VNS Photo Duong Chi Tuong

Binh Phuoc Province aims to attract 6,000 new businesses in 2020-25 period, especially those in sectors such as processing, agriculture and supporting industry.

According to Nguyen Minh Chien, head of the Binh Phuoc Province Economic Zone Authority, the province has been streamlining administrative procedures, offering favourable policies for investors, carrying out activities to facilitate online investment, and adopting modern and smart technologies for administration.

It wants to also attract investors in high-tech agriculture, commerce and logistics.

The province and economic zone will continue to work closely with investors to resolve problems the latter face with policies and regulations, and plan to expand industrial parks.

During an investment facilitation conference held last December, the province issued investment registration certificates for 46 projects with a total investment of VND46.2 trillion (US$2 billion), nearly double the amount attracted through the previous conference held in 2018.

Deputy Prime Minister Truong Hoa Binh told the conference that to industrialise and achieve rapid and sustainable development, the province should work quickly on its 2021-30 plan and dovetail it with the South-east region’s development plan.

It should also work with other South-eastern provinces and cities, and continue to improve its investment climate and Province Competitiveness Index ranking and streamline administrative procedures, he added.

Situated in the southern key economic zone and an industrial hub, Binh Phuoc has 13 industrial parks with an area of nearly 4,700ha, of which eight are operational, and eight industrial clusters with an area of 380ha. — VNS