Hong Kong firms seek investment opportunities in Binh Duong

Monday, Jun 27, 2016 14:13

A representative of investors from Hong Kong delivers speech at a meeting with leaders of southern Binh Duong Province. — VNA/VNS Photo Duong Chi Tuong

BINH DUONG (Biz Hub) — The southern province of Binh Duong is committed to create a favourable and safe investment climate for investors from Hong Kong.

Speaking on behalf of the provincial People's Committee, Tran Thanh Liem delivered this statement during a working session with dozens of Hong Kong companies which travelled to the province on June 25 to learn about the local investment climate. 

Binh Duong is working to become a centrally-run city by 2020, with 10,000ha of industrial and urban land zoned in preparation for the future to better assist investors, Liem said. 

He also told Hong Kong firms during their meeting that the province has, to date, lured US$25 billion in foreign investment, adding that the locality contributed $21 billion to the country's 2015 export revenues.
Hong Kong Trade Development Council (HKTDC) Executive Director Margaret Fong said Viet Nam's signing of the Trans-Pacific Partnership has opened up opportunities for investors.

She also spoke about Binh Duong's recent socio-economic achievements, saying that they have laid the foundation for Hong Kong firms to invest in the locality. 

Hong Kong has become Viet Nam's sixth largest foreign investor, she noted, adding that in Binh Duong alone, Hong Kong companies have invested more than US$1 billion in 82 projects, mostly in the areas of garment and textile, woodwork and plastic bag production. — VNS

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