Investors flocked to the Bình Phước Province Investment Promotion Conference on Wednesday. — VNS Photo

BÌNH PHƯỚC — The southern province of Bình Phước rolls out the red carpet for investors, Trần Tuệ Hiền, chairwoman of its People’s Committee, said.

“The province assures businesses that it will always help resolve the difficulties they face. It will also create the most favourable conditions for them [since] its leaders consider the success of businesses as the province’s.”

She was speaking at an investment promotion conference organised in the province on Wedensday, where it sought to showcase the advantages of setting up a business in Bình Phước.

It provided information about 80 projects worth VNĐ47.6 trillion (US$2.05 billion) in which it is soliciting investment in 2021-25.

It is focused on sectors like manufacturing, supporting industries and high-tech agriculture.

Also at the conference, 35 businesses received licences for investing anew or expanding. The total capital involved is over VNĐ46.2 trillion ($2 billion) and is going mostly into renewable energy, agriculture, services, and industrial infrastructure. 

Military Bank signed an agreement with Becamex Bình Phước Company to provide financial support and credit to companies at the latter’s Becamex Bình Phước Industrial Park in Chơn Thành District.

Shinhan Vietnam Bank and Thác Mơ Hydropower Joint Stock Company signed a credit agreement for VNĐ496 billion ($21.3 million) for funding a solar farm.

The CPV Food Complex was inaugurated at the Becamex Bình Phước Industrial Zone. Costing $250 million and equipped with advanced technologies, it can produce 100 million chickens for the domestic market and exporting to Japan, the EU, Asia, and the Middle East a year starting in 2023.

Speaking at the conference, Deputy Prime Minister Trương Hoà Bình said the province should further improve its investment climate, carry out administrative reform, develop human resources, and adopt modern technologies.

He called on investors who received the investment certificates to begin production on schedule and work with local authorities in case of difficulties.

As a province in the southern key economic zone, Bình Phước is an economic hub of the country.

It has 13 industrial parks with an area of nearly 4,700ha, of which eight are fully functional, and eight industrial clusters with an area of 380ha.

This year it has attracted 120 domestic projects with an investment of VNĐ12 trillion ($514 million), a 17 per cent increase from last year. There has also been FDI worth $432 million, a marginal decline, in 36 projects. — VNS