Tuesday, 09/09/2008 11:41

Binh Duong province courts Hong Kong investors

A seminar on investment opportunities and environment in Vietnam in general and its southern industrial hub, Binh Duong province, was held in Hong Kong on Sept. 8.

The seminar was co-hosted by a business delegation from Binh Duong province and the Vietnamese General Consulate in Hong Kong and Macau, China, in coordination with the Hong Kong Trade Development Council (HK TDC).

Addressing an audience of over 200 Hong Kong businessmen, General Consul Pham Cao Phong said that in the first eight months of this year, Vietnam attracted about 47 billion USD in FDI, he said, adding that Binh Duong has been emerging as one of “hot” destinations.

Phong also asserted that the country’s potentials, political and social stability and the government’s commitments to give favourable conditions for investors will advantage foreign investors to obtain success in their projects in Vietnam .

Hong Kong with a total investment capital of nearly 6 billion USD now is standing sixth among countries and territories investing in Vietnam .

According to Tran Van Lieu, head of Binh Duong’s Industrial Zones Managing Board, the province is leading the country in economic growth rate, an average of 15 percent per annum, and FDI attraction.

So far, Binh Duong has attracted 10.7 billion USD in 1,800 projects from 36 countries and territories. China , including Hong Kong, stands second with 1.6 billion USD in 308 projects.

The provincial official also said Binh Duong will continue improving its investment climate to attract more investment.

On Sept. 11 and 12, Binh Duong businessmen will visit Shenzhen and Dongguan cities of Guangdong province, China , for other activities to promote investment.

VNN

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