Quang Binh pushes investment promotion in Ho Chi Minh City

Tran Thang, Chairman of Quang Binh People’s Committee, gave an opening remark at the conference

The event featured the presence of leaders of the Department for Management of Economic Zones and Foreign Investment Agency under the Ministry of Planning and Investment, leaders of Quang Binh and Ho Chi Minh City, and leaders from different business associations, as well as more than 200 domestic and foreign businesses based in Quang Binh and southern localities.

In his opening remark at the event, Tran Thang, Chairman of Quang Binh People’s Committee, said Ho Chi Minh City takes the lead in socioeconomic development and lures most businesses and investors with long-term visions. The city also has a track record in investment and development. Quang Binh expects to greet businesses and investors from the city and other southern localities for sharing experiences and joining hands in turning viable ideas into reality.

“In the past years, with support from the Party, the government, and provincial management, Quang Binh has gradually promoted its potential and advantages with effective use of assorted resources for investment and development,” said Thang. “Many investors and leading brands have made forays in Quang Binh, such as Vingroup, FLC Group, Dat Xanh Group, SCG, and CP Group, with projects across the board.”

Leaders of Quang Binh and Ho Chi Minh City joined the event

Quang Binh has been urging competent bodies at all levels to take drastic measures on resurrecting socioeconomic development. Businesses are gradually resuming production and trading activities.

Last September, Quang Binh hosted an online conference with representatives from the local business community to listen to their difficulties and proposals. At the conference, provincial leaders paid due heeds to the proposals and expectations of businesses, from there finding ways to tackle these.

Thus far, Quang Binh has applied e-government solutions in business registration, tax, and customs to ensure precision and efficiency.

At the conference, Quang Binh called for investors to participate in projects on eco-tourism, trade, real estate, and entertainment complexes, as well as agriculture and industrial production, among others.

Quang Binh’s leaders hope that state managers, investors, and businesses may recognise the distinct potential and advantages of Quang Binh as a safe and trustworthy investment venue.

Previously, the province issued a list with 62 projects calling for investment, which was approved by Quang Binh People’s Committee last week.

Among these projects are a $4 billion gas-fired power plant with a capacity of 3,000MW, the third phase of the Le Thuy 3 wind power plant worth $155 million, an $86 million vehicle assembly and production plant with an annual capacity of 50,000 units, and the $172 million Bang Industrial Zone.