Over US$1 billion investment licensed at Binh Phuoc Investment Promotion Conference

10:47 | 21/08/2018 Economy

The People's Committee of Binh Phuoc province has approved in principal and granted investment certificates to 24 FDI and domestic projects worth over US$1 billion, at the Binh Phuoc Investment Promotion Conference held in the province on August 20.

PM Nguyen Xuan Phuc and delegates at the conference - Photo: VGP

Addressing the event with the participation of nearly 500 delegates, Prime Minister Nguyen Xuan Phuc congratulated Binh Phuoc for attracting an impressive number of investments, which demonstrates the success of the province's investment promotion activities.

However, the Government leader noted that actions speak louder than words and asked for the practical implementation of the projects.

The PM also highlighted the advantages and potential of Binh Phuoc including its strategic location as it is adjacent to the development triangle of Ho Chi Minh City, Binh Duong and Dong Nai and possesses the Hoa Lu international border gate which connects the province with Cambodia, Laos and Thailand.

In addition, the province rarely faces natural disasters and possessing good sources of soil and water, in addition to a diverse ecosystem and forest, among others, the PM added.

The PM also directed the province to focus its investment in smart agriculture, seafood, hi-tech processing industry, and industrial crops, while continuing its administrative and business environment reforms.

The leaders of Binh Phuoc affirmed that they will always stand side by side with enterprises to remove any difficulties and facilitate their business in the province.

The province currently has eight industrial zones with completed infrastructure and is expected to have 13 industrial zones and the Hoa Lu border economic zone by 2020.

Theo NDO