Binh Duong calls for investment in less labour-intensive industries
The southern province of Binh Duong will focus on attracting investment in hi-tech, less labour-intensive and environmentally friendly industries in the time ahead.
Chairman of the Binh Duong provincial People’s Committee Tran Thanh Liem (R) presents a gift to Sae-A group CEO James Ha at their meeting on September 5 (Photo:VNA)
Binh Duong (VNA) – The southern province of BinhDuong will focus on attracting investment in hi-tech, less labour-intensive andenvironmentally friendly industries in the time ahead.
Chairman of the provincial People’s CommitteeTran Thanh Liem made the remark while meeting with CEO of the Republic of Korea(RoK)’s Sae-A group James Ha on September 5.
Liem noted his province will enlarge existingindustrial parks and build new ones to welcome more foreign investors, thusexpanding the total industrial park area to 14,000ha by 2020.
It is going to devise a number of concretepolicies to attract foreign investment, hoping that foreign firms will step upoperations in Binh Duong and help fuel local economic growth.
The provincial People’s Committee, departmentsand sectors are ready to provide favourable conditions in terms ofadministrative procedures, land and factory construction so as to giveinvestors the best possible business environment, he said.
The official added Binh Duong also wants toreceive sincere feedback on relevant issues from entrepreneurs in order to makeappropriate adjustments.
For his part, James Ha said more than 7,000 ofhis group’s 19,000 employees in Vietnam are working in Binh Duong. Sae-A iscurrently concentrating on apparel production, but it intends to expandinvestment to electronics and high technology, which suits the local industrialdevelopment orientation.
According to the Binh Duong administration, theRoK is the third biggest foreign investor in the province, following China’sTaiwan and Singapore, with 619 projects worth over 2.69 billion USD in total. RoKinvestors have invested 306 million USD in 16 new projects and 17 existing onesso far this year.-VNA
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Chairman of the Binh Duong provincial People’s Committee Tran Thanh Liem (R) presents a gift to Sae-A group CEO James Ha at their meeting on September 5 (Photo:VNA) 
