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Seminar on investment in Binh Duong held in Bangkok
A seminar on “Binh Duong-its potential and investment opportunities” was held in Bangkok, Thailand on July 28, attracting lots of businesses from Thailand and other countries who are keen to invest in Vietnam, particularly businesses that want to move production centres to Vietnam.
At the event, Tran Van Lieu, Chairman of the Binh Duong Industrial Zones, introduced the potential, opportunities, advantages and disadvantages of investing in Binh Duong, plus the government’s favourable policies to attract foreign investment.
At present, Binh Duong province has 370 investors from 24 countries and a total investment capital of US$2.8 million, which have created jobs for 35,000 workers.
Christopher Runckel, Chairman of the US-Vietnam Chamber of Commerce, talked about Vietnam’s advantages, including its continuous economic growth, the high number of young and skilled workers and cheap labour costs. Vietnam is also a member of ASEAN, near Thailand and other North Asian countries.
He also said that many foreign companies in Vietnam think that the country’s people are hard working and friendly to customers.
Meanwhile, Suvet Vanrungarun, Deputy Director of Thailand’s CP Food Products Corporation, also mentioned the advantages when investing in Vietnam. He said that Vietnam has a stable political situation and whenever his company meets with difficulties, it receives assistance from Vietnam.
The CP Food Products Corporation first invested in Vietnam in 1992 and has continuously developed not only in food production but also in aquiculture. Now the corporation has more than 10 processing plants in Vietnam and is scheduled to build two more using advanced technologies in Binh Duong and Hanoi.
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