investment in Vietnam

investment in Vietnam
The U.S. Consulate General in Ho Chi Minh City and Binh Duong Province jointly sponsored a conference on September 22, 2009 to collectively better publicize opportunities for U.S. business in Binh Duong Province, Vietnam.  Binh Duong, which neighbors Ho Chi Minh City and is one of the fastest growing locations in Southeast Asia, is increasing efforts to attract U.S. and European business according to Chairman of Binh Duong’s People’s Committee, Mr. Nguyen Hoang Son


Chairman Son said at the Conference in his opening remarks that the province would continue to improve its business environment and infrastructure to attract more investment, especially in green and hi-tech projects from foreign investors.  The Chairman further noted that he and a large delegation from Binh Duong had just returned within the last few days from a business promotion trip to many countries in Europe.  He said that interest in Europe was high in Binh Duong as a site for new factories and for participation in the Binh Duong new city (for more information on the new city, click here ) and other major infrastructure projects. 

Chairman Son said at the trade and investment conference that the southern province would not license polluting projects and those outside industrial parks to ensure better control over environmental issues.  He noted that the province would focus on large projects that need well-trained employees rather than those that need a large number of unskilled workers.  The province had invested heavily in new modern industrial parks to attract new projects and currently hosted 28 industrial parks.  He further noted that the province had invested in a new University and aimed to have 60 per cent of its workforce trained by 2010.  It was also working with HCM City and neighboring provinces to develop and improve its transportation infrastructure system as well as seaports and international airports, he said.


Chairman Son was followed by the highest ranking official in the South of Vietnam, Kenneth J Fairfax, US Consul General in Ho Chi Minh City, who said Binh Duong has been successful in creating a new economic model for Viet Nam.  Mr. Fairfax said that he was a big fan of Binh Duong because of the demonstrated vision, energy and leadership shown by the province.
from - http://www.business-in-asia.com/vietnam/trade_investment_binh_duong.html