Horasis Forum 2024 opens up “golden opportunities” in Vietnam investment

Horasis Forum 2024 opens up “golden opportunities” in Vietnam - China investment

The Horasis China Economic Cooperation Forum 2024 is considered a "golden opportunity" for Vietnamese businesses to connect and cooperate with potential partners from China and internationally.

On the morning of April 15, the opening ceremony of the Horasis 2024 China Economic Cooperation Forum took place in Binh Duong, co-organized by the People's Committee of Binh Duong province and other units.

The Horasis 2024 China Economic Cooperation Forum takes place for 3 days from April 14 to 16 in Binh Duong province.

Speaking at the opening ceremony, Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, said that the province currently has 29 industrial parks and 12 concentrated industrial clusters with a total land area of over 13,600 hectares, ready to welcome domestic and foreign investors. In particular, Binh Duong currently has infrastructure development models that have become exemplary, spreading to many localities across the country.

“The event is a place to connect potential and responsible investors with leaders and managers with deep vision to work together to solve urgent and important problems in production and business,” said Mr. Minh.

The Chairman of the Provincial People's Committee hopes that through the Forum, Binh Duong province will find important solutions of the times, make friends with investors and increase new partners to promote the development of an increasingly dynamic economy, expand and enhance international integration.

China currently ranks 6th among 143 countries and regions investing in Vietnam with 3,791 effective investment projects, total registered capital of more than 25 billion USD, and has created many local job opportunities, effectively supporting the development of infrastructure construction and socio-economic development of Vietnam.

Mr. Hung Mong, Vice President and Secretary General of the China Federation of Industrial Economics, said that Chinese enterprises are currently stepping up investment in Vietnam. Investment cooperation in green development, digital economy and other fields has become a new growth point in the relationship between the two countries.

“The business vitality and huge market potential of Binh Duong province in particular, as well as its great geographical advantages, stable political environment, abundant labor and land resources, increasingly complete supply chains and Vietnam's business environment are also gradually improving,” Mr. Hung emphasized.

The representative of the Provincial People's Committee also affirmed that in recent times, Binh Duong's investment attraction policy has shifted towards selectively attracting investment in enterprises with high technology and added value, having links with domestic enterprises and having R&D centers (research and development) in the locality. Therefore, the province prioritizes investors with vision, strongly applying high technology associated with environmental protection to create harmony between socio-economic development and green growth, contributing to building Binh Duong smart city to reach international standards.

“Vietnam is also an important “bridge” for close cooperation between China and ASEAN. The two countries’ regional multilateral cooperation continues to deepen, the division of labor in the international industrial chain is increasingly closer, and the capacity and effectiveness of bilateral economic, trade and investment cooperation continue to expand,” said Mr. Hung Mong.

As evidence, China-Vietnam high-speed rail transport has continued to operate at a high level since the beginning of the year. As of March 21, China-Vietnam freight trains had completed a total of 1,168 TEUs, up 47% year-on-year. The in-depth development of infrastructure connectivity has promoted the upgrading of cross-border economic cooperation zones and provided long-term impetus for the development of China-Vietnam trade.

This forum will have 6 plenary sessions and 24 dialogue and discussion sessions taking place in parallel. Within the framework of the forum, Becamex IDC and Binh Duong Province will have 2 special thematic sessions on Binh Duong: "Binh Duong - Innovative, sustainable, new thinking ecosystem" and "Binh Duong - E-commerce promoting global supply chains" will bring useful information, other specific programs and goals, aiming to create the most favorable conditions for the investor community to attend.

At the opening ceremony, there was also a signing ceremony of a cooperation agreement between Binh Duong's leading enterprise, Becamex IDC Corporation, and Sunwah Group (one of the large corporations in Hong Kong, China) to focus on important areas such as innovation, digital transformation, technology development, sustainable development, Net Zero and ensuring common prosperity.

On this occasion, the People's Committee of Binh Duong province presented the Memorandum of Understanding on cooperation between the People's Committee of the province and Viettel Post Joint Stock Corporation to develop infrastructure, logistics services, and e-commerce for enterprises in the province. At the same time, the People's Committee of the province also officially granted investment licenses to representatives of a number of enterprises that have invested in the province in recent times.

As planned, the Forum will be held for 3 days from April 14 to 16, 2024 at Binh Duong Convention and Exhibition Center.

Source