Over 100 Chinese enterprises participated in a webinar on investment promotion in the central province of Binh Duong on Wednesday. The event was jointly held by the provincial People’s Committee, Becamex IDC, and China Construction Bank.

Vice Chairman of the provincial People’s Committee Nguyen Van Danh said that the locality has completely controlled the COVID-19 pandemic and reopened its door, which has helped maintain its economic growth.

Chinese enterprises expressed their interest in the province’s specific investment attraction policies.

To attract foreign investors, the province’s leader said that it has prepared a clear land fund and created the most favourable conditions related to policies to help investors step up production and business activities. Specifically, the province started construction on 20,000 social houses to create a long-term accommodation for workers at industrial zones.

Binh Duong has to date attracted 4,040 FDI projects with a total registered capital of US$39.4 billion. Of the total, 1,561 projects totalling over $10 billion are of Chinese investors. China also ranks first among 65 countries and territories pouring capital into the southern province. — VNS