German businesses want to invest more in Binh Duong because the locality has industrial parks that provide a good service environment, infrastructure and is close to Ho Chi Minh City.
On March 19, in Binh Duong, leaders of Binh Duong Provincial People's Committee met with the Association of German Businesses in Vietnam and representatives of 3 German businesses to learn about investment opportunities in Binh Duong.
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| Mr. Nguyen Loc Ha (standing) Vice Chairman of Binh Duong Provincial People's Committee pledged that the provincial government will accompany and support German businesses when investing in the locality. |
Informing investors, Mr. Le Thanh Toan, Deputy Director of Binh Duong Department of Planning and Investment, said that there are currently 18 projects of German enterprises in Binh Duong with a total investment capital of nearly 50,7 million dollars.
The main investment field of German enterprises is the manufacturing and processing industry, including typical projects such as: Project of VNPT-Siemens Telecommunications Equipment Company; Hasan – Dermapharm Joint Venture Company Limited factory; Messer Vietnam Industrial Gas Company Limited; Siemens factory project in Binh Duong….
On behalf of German businesses, Mr. Alexander Ziehe, Chairman of the Association of German Businesses in Vietnam, said that the main reason German investors consider Binh Duong as a potential investment location is because it is close to seaports. Ho Chi Minh City. The province also has a developed supplier system and a qualified workforce.
Furthermore, most of Binh Duong's industrial parks provide good service and infrastructure environments. The province also has attractive tax incentive policies. These are the main reasons for German businesses to make decisions to invest in Binh Duong.
One of the areas that German investors are most interested in when looking to invest in Binh Duong is the development of solar energy systems on the roofs of factories.
A representative of a German business asked: "I am interested in knowing whether there is an opportunity to install a rooftop solar energy system in an industrial park?" Is there any new information about direct electricity trading and rooftop solar power of the factory?
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| German businesses discussed with leaders of Binh Duong Provincial People's Committee about investment in the province |
At the meeting with leaders of the People's Committee of Binh Duong province, German businesses proposed that the locality continue to prioritize solving infrastructure problems, especially the main roads connecting Ho Chi Minh City.
Besides, businesses also want the province to continue simplifying customs procedures; import and export customs clearance procedures; regulations on granting work permits to foreigners; regulations on fire prevention and fighting in factories.
Some businesses that have invested in Binh Duong recommended that the locality need to notify changes and issue new policies for businesses at least 3 months in advance and announce all changes clearly on the websites. Media in both Vietnamese and English.
After listening to the recommendations of German businesses, Mr. Nguyen Loc Ha, Vice Chairman of the Provincial People's Committee Binh Duong commits that local authorities will create the most favorable conditions for businesses; always accompanying and supporting policies and investing in modern infrastructure to ensure that foreign businesses in general and German businesses in particular can feel secure in investing, producing and doing business in the province.
The leaders of Binh Duong province hope that after this working visit, German businesses will consider and decide to invest in high-tech projects in the locality.
