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On December 23, Becamex IDC coordinated with Binh Phuoc provincial People’s Committee to organize an investment promotion conference under the theme of “Binh Phuoc-potential and opportunity for investment” in the Becamex-Binh Phuoc Industrial park (IP).

Permanent Deputy PM Truong Hoa Binh and leaders of ministries, central agencies, neighboring localities press the inauguration button and put the factory complex of CPV Food into operation

The event was attended by Permanent Deputy PM Truong Hoa Binh; former State President Nguyen Minh Triet together with leaders of central sectors, ministries, trade promotion organizations, localities in the southern key economic zone, domestic and foreign investors. For Binh Duong province, there were Tran Van Nam, member of the Party Central Committee, Secretary of provincial Party Committee, Head of provincial National Assembly deputy delegation; Nguyen Hoang Thao, Chairman of provincial People’s Committee.

Binh Phuoc province is now home to 13 IPs with 4,686 hectares in total. To meet the local demand for economic development, investment attraction for the 2021-2030 period, the province approved policies on expansion for 3 IPs and establishment of 4 IPs, bringing the total number of IPs herein so far to 17 with 10,000 hectares in total. The Becamex-Binh Phuoc industrial and residential park now has a total of 4,633 hectares with total investment capital of around US$1billion. Becamex IDC is expected to build Dong Phu industrial and residential park with 6,317 hectares in total. As of now, the whole province has had a total of 8,581 investment projects with total registered capital of more than VND86.83trillion. In 2020, there were 1,230 newly-established projects with total registered capital of VND19.9trillion. The province also absorbed 36 FDI projects with total registered capital of US$432million. Tran Tue Hien, Chairwoman of Binh Phuoc provincial People’s Committee said: “The conference is of great significance for Binh Phuoc province to gain closer approach to numerous investors at home and abroad. The goal of the province between 2020 and 2025 is to set up additional 6,000 enterprises with priority to manufacturing, processing, auxiliary and hi-tech projects…”.

At the conference, Binh Phuoc provincial People’s Committee also awarded investment policy decisions, investment registration certificates to 35 investors, implemented 46 investment projects with total registered capital of VND46.276 billion, equivalent to US$ 1.998 million. Delegates also witnessed the signing ceremony of capital financing agreement between BIDV Bank, MB Bank and Becamex Binh Phuoc Technical Infrastructure Development Joint Stock Company; the signing ceremony of the cooperation agreement between Shinhan Viet Bank (Korea) Limited and Thac Mo Hydropower Joint Stock Company.

*A ceremony to inaugurate CPV Co.Ltd.’s chicken processing factory complex for export in the Becamex Binh Phuoc Industrial Park was also held on the morning of the same day.

The  US$250million complex is invested by Thailand CP Corp. This is also the first closed processing model in Viet Nam, consisting of animal feed factory, breeding farm, egg incubation factory, broiler farms for meat, and slaughter-processing factory with the annual capacity of 50 million chickens for the phase 1 and 100 million chickens for the phase 2 in 2023.

According to Montri Suwanposri, General Director of C.P Vietnam Livestock Joint Stock Company, the birth of the CPV Food factory complex affirmed that Vietnam has a closed chicken processing area in line with safety standards set by the World Organization for Animal Health, paving the way for the processing bringing Vietnam’s chicken meat in particular and poultry meat in general to the world. The project will also create jobs for thousands of the local laborers.

Reported by N.Thanh-M.Duy-Q.Chien-Translated by K.T