Binh Duong Customs joint hand to improve business environment and attract FDI investment

VCN - With the advantage of modern, basically complete industrial park infrastructure, especially the attention, companionship, and support of agencies and departments such as Customs, Taxation, Industry and Trade..., Binh Duong has been and continues to become a priority for foreign investors.
Professional activities at My Phuoc Industrial Park Customs Branch, Binh Duong Customs Department. Photo: T.D
Professional activities at My Phuoc Industrial Park Customs Branch, Binh Duong Customs Department. Photo: T.D

Many quality FDI investment projects

Statistics from the Binh Duong Department of Planning and Investment show that in the first 5 months of 2024, newly registered and supplemented FDI capital in Binh Duong reached over US$ 341 million. In particular, the majority of FDI capital is concentrated in the system of industrial parks, over US$ 290 million.

To date, Binh Duong has attracted nearly 4,300 FDI projects with a total investment capital of over US$ 40.6 billion from 65 countries and territories, ranking among the top 3 provinces and cities attracting the most FDI in the country. Not only has the number increased rapidly, but the quality of FDI projects has also been significantly improved. Binh Duong has attracted many large corporations with modern technology from Japan, the United States and European countries such as: Tokyu, Aeon, Mitsubishi (Japan), Procter & Gamble (USA), Lego (Denmark), Kumho (Korea) ...

A positive signal continued to be recorded when recently (May 16), the world's largest jewelry company Pandora (Denmark) held the groundbreaking ceremony for the Pandora Production Vietnam Factory at VSIP Industrial Park 3 (Binh Duong). With an investment capital of US$ 150 million (about VND 3,800 billion), and a modern production line, this factory is expected to operate in 2026 and have a production capacity of up to 60 million jewelry items per year. Pandora Production Vietnam is expected to become a leading enterprise in the jewelry manufacturing industry in Vietnam.

Previously, the Lego Group also chose Vietnam as the location to build the world's largest toy factory. Notably, this is the group's first carbon-neutral factory, developed in a green and sustainable direction. The Lego factory is expected to go into operation in late 2024.

As a company with 100% Danish capital, specializing in the production of leather shoes and handbags for export, and has been associated with Binh Duong for over 8 years, Mr. Alexander Christopher Falter, General Director of Ecco Vietnam Co., Ltd., said that the company is planning to expand its production workshop to meet the needs of the company's market development worldwide.

Support businesses to operate effectively

In order to achieve the above results, in recent years, Binh Duong has issued many important policies to attract FDI. Binh Duong is also constantly striving to improve the investment environment and complete and upgrade infrastructure to better serve the needs of attracting investment.

Sharing with reporters of Customs Magazine, many FDI enterprises that are implementing investment projects in Binh Duong all said that in the past time, they have received great companionship and support from Binh Duong province in general and Binh Duong Customs Department in particular in stabilizing production and long-term business.

Mr. Nagato Takahiko, Chairman of the Japanese Business Association in Binh Duong, shared: accompanying Japanese businesses in the past time, I and Japanese businesses in Binh Duong highly appreciate the timely support of Binh Duong Customs Department. For businesses with production and export activities, customs procedures are an important issue. Therefore, the timely settlement of difficulties and obstacles and the enthusiastic support of Binh Duong Customs Department have created favorable conditions for Japanese businesses to invest in Binh Duong.

"From after the Covid-19 pandemic to the present, the production situation of some Japanese businesses investing in Binh Duong is still facing difficulties. However, the Japanese government and Japanese businesses highly appreciate the economic growth rate of Binh Duong province. We believe in the province's investment attraction and development policy and continue to invest here", Mr. Nagato Takahiko emphasized.

In addition to continuing to create favorable conditions for businesses in import-export activities, Binh Duong Customs Department has also proposed many solutions to support new investors and newly established businesses in import-export activities and customs procedures, especially for large investors, who have a tendency to develop advanced technology and green development.

According to Mr. Nguyen Thanh Thien, Director of My Phuoc Industrial Park Customs Branch (Binh Duong Customs Department), from the beginning of the year to May 31, 2024, the Business Contact Teams (Bau Bang Team and My Phuoc Team) successfully contacted and supported dozens of new businesses investing in the area in customs declaration procedures. In the meetings with businesses, Customs officers explained, supported and guided customs procedures; created favorable conditions, and quickly handled import-export procedures. As a result, the Branch has carried out customs procedures for 70 enterprises with 3,196 declarations, with a total turnover of over 99 million US$ and a tax revenue of nearly VND 85 billion.

By Thu Dịu/Thanh Thuy

Related News

Trade remedies create a fair business environment

Trade remedies create a fair business environment

VCN - The investigation and application of trade defense measures have contributed to protecting and creating a fair competitive environment for domestic manufacturing industries.
Binh Phuoc Customs: Flexibility and Creativity in business support

Binh Phuoc Customs: Flexibility and Creativity in business support

VCN - Many flexible and creative solutions have been implemented by Binh Phuoc Customs Department when processing import and export procedures. It has brought huge profits for enterprises. From that, creating natural attraction to enterprises when investing in Binh Phuoc province.
HCM City commits to many contents on continuing to facilitate businesses

HCM City commits to many contents on continuing to facilitate businesses

VCN - On June 26, at a dialogue with over 200 businesses contributing more than 30% of state budget revenue to the unit, Director of Ho Chi Minh City Customs Department Nguyen Hoang Tuan set out 4 committed goals and will continue to accompany in facilitating business community.
Da Nang Customs renovates business support activities

Da Nang Customs renovates business support activities

VCN - Closely following the actual situation of import and export activities in the area, Da Nang Customs Department regularly innovates and supplements business support activities. Among them is the Pilot Program to support and encourage businesses to participate in export and import activities in Da Nang city.

Latest News

Quang Ngai Customs: nurturing source of revenues and striving to collect revenue exceeding target

Quang Ngai Customs: nurturing source of revenues and striving to collect revenue exceeding target

VCN - Quang Ngai Customs has concluded the first half of 2024 with outstanding accomplishments across various operational areas. These remarkable results serve as a powerful driving force for the department to continue its momentum and excel in the coming months.
Businesses highly appreciate support of Lang Son Customs

Businesses highly appreciate support of Lang Son Customs

VCN – The working group of the Customs Reform and Modernization Board (under the General Department of Vietnam Customs) held a workshop on survey and evaluation of actual implementation of the development of Customs-Business partnerships (2014-2024) at Lang Son Customs Department.
Ability to apply some forecasting models for Vietnam Customs

Ability to apply some forecasting models for Vietnam Customs

VCN - Forecasting is a science of predicting future events, based on the analysis of collected data, through a number of mathematical models (quantitative), or subjective predictions (qualitative). To serve operations and strategic planning, the Customs agency needs to apply forecasting science in the process of performing tasks.
Quang Ninh Customs strives to exceed budget revenue targets

Quang Ninh Customs strives to exceed budget revenue targets

VCN - In the second half of 2024, Quang Ninh Customs needs to focus on implementing the task of building digital border gates; striving to complete and exceed assigned budget revenue targets, contributing to the overall achievements of the entire Customs sector.

More News

Customs sector guarantees to accomplish target on assigned revenue collection

Customs sector guarantees to accomplish target on assigned revenue collection

Deputy Director General of Vietnam Customs Nguyen Van Tho said that the Customs sector will continue to facilitate production and import-export business activities, thereby ensuring the completion of the assigned budget revenue target of VND 385,000(exceeding VND10,000 billion compared to the assigned target).
Customs control at Bupran and Dak Peur Border Gates face difficult due to lack of equipment

Customs control at Bupran and Dak Peur Border Gates face difficult due to lack of equipment

VCN – Customs inspection and supervision performed by Bupran Border Gate Customs Branch at the Bupran and Dak Peur Border Gates face difficulties due to a lack of equipment, while the number of passengers and vehicle on exit and entry across these two border gates increase rapidly.
HCM City Customs refunds over VND 49 billion of VAT for foreign passengers

HCM City Customs refunds over VND 49 billion of VAT for foreign passengers

VCN – In the first half of 2024, HCM City Customs Department refunded over VND 49 billion for over 10,000 foreign passengers.
Customs industry rectifies tax collection and management

Customs industry rectifies tax collection and management

VCN – To ensure the implementation of tax collection and administration in line with the law and guidance documents at all levels, the General Department of Vietnam Customs requests all units in the whole Customs to review shortcomings and limitations in tax collection and tax management.
Enterprises need to proactively monitor tax debts to avoid enforcement

Enterprises need to proactively monitor tax debts to avoid enforcement

VCN - Effectively implementing many tax debt recovery measures, in the first half of 2024, HCM City Customs Department has recovered tax debt reaching nearly 80% of the assigned target. Deputy Head of Import-Export Tax Department, HCM City Customs Department Truong Thanh Xuan shares about debt collection work of HCM City Customs Department.
Thai Nguyen Customs makes great efforts to facilitate import and export enterprises

Thai Nguyen Customs makes great efforts to facilitate import and export enterprises

VCN - On the afternoon of July 11, Thai Nguyen Customs Branch (Bac Ninh Customs Department) held the first Customs-Business Conference in 2024.
Dong Nai Customs: well preparation for new border gate infrastructure projects

Dong Nai Customs: well preparation for new border gate infrastructure projects

VCN - Dong Nai Customs Department actively carries out preparation work to be ready for the operation of new infrastructure projects such as Long Thanh airport and Phuoc An port, thereby creating space for business development in the area.
Businesses highly appreciate the administrative reform of Ho Chi Minh City Customs

Businesses highly appreciate the administrative reform of Ho Chi Minh City Customs

VCN - Businesses highly appreciate the effectiveness of administrative procedure reform of Ho Chi Minh City Customs, and wish to continue to pilot breakthrough projects of the Customs agency.
WCO updates e-textbook on containers and seals controls of Vietnam Customs

WCO updates e-textbook on containers and seals controls of Vietnam Customs

VCN –CLiKC! the WCO Training Portal updates the textbook “Basic knowledge of containers and seal inspection techniques” of Vietnam Customs as references in training for Customs administrations. This is the first time that the e-textbook of Vietnam Customs is used as training material for Customs administrations around the world.
Read More

Your care

Latest Most read
Quang Ngai Customs: nurturing source of revenues and striving to collect revenue exceeding target

Quang Ngai Customs: nurturing source of revenues and striving to collect revenue exceeding target

Quang Ngai Customs has concluded the first half of 2024 with outstanding accomplishments across various operational areas.
Businesses highly appreciate support of Lang Son Customs

Businesses highly appreciate support of Lang Son Customs

VCN - At the opening of the conference, Mr. Luong Khanh Thiet, Standing Deputy Director of the Customs Reform and Modernization Board (General Department of Vietnam Customs), emphasized that the World Customs Organization (WCO) identifies the Customs-Busi
Ability to apply some forecasting models for Vietnam Customs

Ability to apply some forecasting models for Vietnam Customs

VCN - The choice of forecasting method depends on the field of activity. In forecasting fields related to natural phenomena, quantitative methods are often used such as modeling and scenario methods. However, depending on each field and industry, forecast
Quang Ninh Customs strives to exceed budget revenue targets

Quang Ninh Customs strives to exceed budget revenue targets

VCN - In the second half of 2024, Quang Ninh Customs needs to focus on implementing the task of building digital border gates; striving to complete and exceed assigned budget revenue targets, contributing to the overall achievements of the entire Customs
Customs sector guarantees to accomplish target on assigned revenue collection

Customs sector guarantees to accomplish target on assigned revenue collection

Deputy Director General Nguyen Van Tho said that the Customs sector will continue to facilitate production and import-export business activities, thereby ensuring the completion of budget revenue target
Mobile Version