Saturday, 26/09/2009 15:59

Binh Duong eyes green, high-tech projects

The southern industrial hub of Binh Duong is targeting green investments and manufacturers which utilize advanced technology to set up shop in the province, according to a senior official.

Nguyen Hoang Son, chairman of the provincial People’s Committee, told the press after the Trade and Investment Conference in Binh Duong on Tuesday, the province is looking for major projects in terms of investment capital and technology from the U.S. and Europe in particular.

Binh Duong will also look to open its services, finance, banking and telecommunication sectors to investors from abroad.

“We will provide investors with incentives in relation to land prices and simplified procedures,” he said.

The chairman told The Saigon Times Daily local officials had led a delegation to Germany and other European countries to encourage investors from the continent to invest in Binh Duong.

“We want to attract investors with advanced technology into local industrial and service sectors,” he said.

U.S. consul general in Ho Chi Minh City, Kenneth J. Fairfax, said the new wave of American investors showed that they were likely to build factories to produce electronics and assemble high-tech products.

“That means you need to have good education, highly skilled labor and developed infrastructure and Binh Duong is working on that,” he said.

Son said the province had invested in developing new industrial parks to bring in high-tech businesses and achieve its target of having 60 percent of the local work force trained by next year.

In the first eight months of this year, Binh Duong attracted 69 foreign direct investment (FDI) projects worth US$2.33 billion.

Binh Duong has attracted 1,820 FDI projects from 36 countries and territories with a combined investment capital of $12.8 billion and U.S. investors have registered $330 million for 74 projects in the province.

Hong Nguyen

vietnews

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