The Provincial Secretary welcomes John Swire & Sons Group to learn investment opportunities in Binh Phuoc

(BP Portal) - Continue the work program in Binh Phuoc, after real survey in some industrial and project areas in the province, afternoon on June 5, the delegation of John Swire & Sons (Swire Group) led by Mr. Josh Williams, Chief Representative in Vietnam, held a meeting and worked with the leader of the Provincial Committee Binh Phuoc. Through the working session with the leaders of the provincial People’s Committee, the relevant units provide information about the provincial investment attracting regime such as land conditions, taxes, prioritising investment groups in Binh Phuoc, representative of the multinational group John Swire & Sons said that these are very good investment conditions as well as opportunities.

John Swire & Sons Chief Representative in Vietnam, Mr. Josh Williams, said the unit performed well in many fields. In the Vietnamese market, the company has invested in Vietnam in three main areas: real estate, beverages, aviation and is promoting investment in the field of health care. It is expected to invest in Vietnam in many fields and stage it according to a specific roadmap based on Vietnam's development speed. Hopefully in the near future, the group and Binh Phuoc will have the opportunity to cooperate and invest.

Apart from the advantage of a strategic position in economic development, Binh Phuoc has an abundant resource base, with a population of over one million people, of whom the Labour force employs more than 600.000 people, accounting for 60% of the population. This period of the golden population was the driving force and favorable conditions for Binh Phuoc to promote socio-economic development. In addition, Binh Phuc has 15 industrial zones that have been approved by the Prime Minister, 12 of which are attracting investment, with an average filled rate of more than 68%, while three are investing in infrastructure.

Exchange with the delegation, Mr. Nguyen Manh Cuong said: The planning location of the industrial zones of the province has convenient transportation. Specifically, the project of Dong Phu-Binh Duong Highway 65m connects Dong Xoai with Phu Giao district (Binh Duong province) is being invested by the province. In addition, there are 4 routes with a highway from 42-65m connecting DT741 with Dong Phu-Binh Duong road, serving the planning of Industrial Parks southeast of Dong Phu district. In recent years, the number of foreign enterprises invested in Binh Phuoc has increased rapidly. To date, the province has 377 foreign investment projects, with more than $4 billion in investment from many countries and territories around the world.

Emphasizing at the work session, the Secretary of Provincial- Mr. Nguyen Manh Cuong shared: Binh Phuoc has a strong desire to develop, recent years have rapid rise, become a dynamic local, with great attractiveness. Typically in the first 6 months of 2023, growth rate increased by 7.27%, this is the highest growth in the Southeast and ranked 14/63 provinces, cities in the country. Industrialization speed is very fast, the IIP Industrial Production Index always rises at a high level, an average of about 20%/year. Hopefully John Swire & Sons multinational group will learn about the investment environment in Binh Phuoc, especially for groups of provincial sectors and professions prioritized investment such as: Industrial infrastructure development, food, consumer goods, logistics…