The US Investment Promotion conference

On the morning of May 13, the Provincial People's Committee organized the US - Binh Dinh investment promotion webinar in 2021 with the aim of promoting the potential and advantages of Binh Dinh, directly inviting American businesses to invest in the province. The webinar was chaired by the Deputy Chairman of the Provincial People's Committee (PPC) Nguyen Tu Cong Hoang.

At Binh Dinh bridge, the webinar was attended by the representatives of Becamex IDC Corporation and leaders of relevant departments and agencies of the province. At the US’s bridge were Mr. Denny Heck - Deputy Governor of Washington State; Mr. Mike Fowler, Senior Advisor and Director of World Trade Center Tacoma Group; representatives of Becamex IDC in North America and more than 100 American enterprises.

Speaking at the webinar, the PPC deputy Chairman, Nguyen Tu Cong Hoang emphasized that over the last few years, the trade and investment cooperation relationship between Binh Dinh province and the US business community has significantly expanded. However, the results of attracting investment from US enterprises in Binh Dinh province have not greatly increased, not commensurate with the potential of cooperation between the two sides. Up to now, the province has only three US enterprises investing in three projects in Binh Dinh on a total area of ​​316.67 hectares, with total registered capital of approximately USD 282.11 million.

The Deputy Chairman Nguyen Tu Cong Hoang asserted that Binh Dinh has many potentials and advantages for the US investors to invest in the province, most importantly Binh Dinh always thrives to attract investment through many open policies and specific activities. Special focus has been put on promoting synchronous development of technical infrastructure system, especially transport infrastructure, infrastructure of industrial parks, industrial clusters, social infrastructure and the presence of Becamex IDC Corporation - the leading brand in investment and development of urban infrastructure and industrial parks in Vietnam in Binh Dinh province is a notable result of this activity. The PPC Deputy Chairman affirmed that, coming to Binh Dinh, businesses and investors will be given favorable conditions for successful project implementation and sustainable development.

Also at the webinar, Mr. Bill Dao, the representative of Becamex in North America, gave a presentation on incentive policies and investment environment of Vietnam, the strengths of Binh Dinh province and Becamex IDC, which emphasized important and necessary steps that the US investors needed to implement with their projects in Vietnam in general and Binh Dinh in particular.

Mr. Milton Hagler - General Director of Fluid Power & Control shared his experience in setting up, operating and managing an American manufacturing company in Vietnam. As a corporation in the United States, Fluid Power & Control is present has made its presence in Vietnam, specializing in the production of hydraulic power systems in Binh Duong province, and it is the clearest proof of the success of American investors in Vietnam. .

During the webinar, there was a Q&A session, in which the US investors were most interested. Questions about investment, tax policy, land policy, environmental resources, labor, including the actual development of the Internet of Things, education and health care in Binh Dinh were raised by American investors and specifically answered and clarified by the PPC Deputy.

The coordination in organizing the webinar was aimed at boosting potential promotion and attracting foreign investment, including the investment from the United States, into Binh Dinh province. The event serves as a bridge for the US entrepreneurs to meet and learn about investment incentives and investment opportunities in Binh Dinh. It is worth mentioning that the conference was organized online, which is very suitable in the current complicated situation of the Covid epidemic.