Binh Phuoc (VNA) – The southern province of Binh Phuoc called for Singapore investment in a range of areas at a conference held in online and offline formats on July 5.
Areas include wood processing and furniture, food processing, latex rubber goods processing, electronics, support industries, shopping malls, job training and healthcare.
Singapore operates 15 projects in Binh Phuoc, with a combined investment of $286 million, or 8.5% of total foreign investment in the province. The projects mainly concern animal husbandry, meat processing and the production of animal feed, batteries and accumulators.
Provincial Party Committee Secretary Nguyen Manh Cuong suggested that Singapore expand investment in other important areas such as urban development, trade, transport, logistics and services.
Binh Phuoc authorities will create favorable conditions for businesses to operate in the province, the official promised.
At the conference, representatives from local departments and agencies allayed Singaporean investors’ concerns over Binh Phuoc’s business incentives, saying the province has adopted its own preferential land tax and property tax policies. companies.
Inform participants about Binh Phuocprovincial people’s committee chairman Tran Tue Hien highlighted its “golden population” with laborers making up more than 60% of the population.
About 80 km from Ho Chi Minh City, Binh Phuoc has 13 industrial parks covering more than 6,000 hectares, with three more expected to open during 2021-2030, he said./.