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Chinese firms check out investment prospects in Vietnam
06
May '15
A delegation of representatives from 18 companies from China’s Fujian province met officials of Vietnam’s Binh Duong province this week to learn about the local investment climate and seek business opportunities, Vietnamese media has reported.

Vice Chairman of the Binh Duong People’s Committee Tran Thanh Liem said the southern province is one of the top foreign investment destinations in Vietnam with 2,460 projects worth nearly $21 billion. China specifically is running 204 projects with a registered capital of $1.4 billion.

Binh Duong is committed to providing the best possible conditions for business activities, he said, adding that it prioritises projects that are environmentally friendly, highly competitive, and use cutting-edge technology.

Leading the Chinese group, Head of the Business News section at the Haixia Metropolis Daily Chen Xiaogang said the delegation included representatives from footwear and apparel firms that want to learn about local investment policies.

They hoped to receive more information about tax and land incentives given to investors, he noted.

At the working session, Binh Duong agencies introduced the local business environment and central Government incentives, especially those regarding enterprise income tax and import-export tariffs. (SH)

Fibre2fashion News Desk - India

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