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Binh Duong to host World Technopolis Association 2018 events

Released at: 15:48, 13/03/2018

Binh Duong to host World Technopolis Association 2018 events

Photo: Hong Nhung (VET)

Southern province to host a series of events during October to push up investment.

by Khanh Chi

The southern province of Binh Duong announced that it will host two events of the World Technopolis Association (WTA) in October - the 11th WTA General Assembly & Hi-tech Fair and the 2018 Global Innovation Forum - at a memorandum of understanding (MoU) signing ceremony on March 12, as its capital, Binh Duong city, has recently become a member of the association.

The province also granted investment certificates at the ceremony to 18 local and foreign investors in the first phase as well as a land lease agreement between Becamex IDC and the Far Eastern Group for project expansion at the Bau Bang Industrial Park.

“Membership of the WTA and the construction of a smart city will be driving forces to overcome obstacles and turn the city into a modern, sustainable urban area,” Mr. Tran Thanh Liem, Chairman of the Provincial People’s Committee, told the MoU signing ceremony.

“I am very honored to welcome Binh Duong city as an official member of the WTA, which was established by Daejeon Metropolitan City in 1998 with the purpose of connecting the advancement of science and technology with regional innovation for development,” said Mr. Lee Taek Ku, Director General of Planning and Coordination in South Korea’s Daejeon city.

“It is meaningful for Binh Duong to become an official member of the WTA, which has 105 members, including cities, research institutes, and universities from 47 nations around the world,” Mr. Kang Byung Joo, Secretary General of the WTA, told the ceremony.

Binh Duong ranks second nationwide in terms of FDI attraction, behind only Ho Chi Minh City, with total registered capital of around $29 billion, or 9.5 per cent of Vietnam’s total investment capital.

In the first two months of this year it continued to attract investors, bringing in $435 million worth of FDI, including 31 new projects with capital of $233.9 million, 13 existing projects adding $141.5 million to registered capital, and 18 foreign investors contributing capital or purchasing shares totaling $59.6 million.

Last year the province's Gross Regional Domestic Product (GRDP) grew at 9.15 per cent; its highest rate ever. Exports grew 17.6 per cent to $28.5 billion.

The province now has 31,548 domestic enterprises with registered capital of nearly $11 billion and 3,075 valid foreign projects worth some $29 billion.

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