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In the context of the complicated development of the Covid-19 epidemic and in order to assist the solving difficulties of foreign-invested enterprises (FDI), the provincial authority has had many meetings and dialogue to listen, share and facilitate enterprises to quickly stabilize production and business activities.

Faith enforcement

Production and business activities of FDI enterprises in the province have been negatively affected by the Covid-19 epidemic. Binh Duong and the business community have made great efforts to implement many solutions to avoid disruption of the production chain, but the effect has not really been achieved as expected. Enterprises are facing many difficulties such as high production costs, reduced input of materials and capacity, labor shortage, and the risk of being fined by partners for not completing purchase orders on time.

FDI enterprises in the province have well performed the prevention and control of the Covid-19 epidemic to ensure the health and safety of workers and maintain production and business operations. In the photo: Production is at NTI Vina Co. Ltd. in VSIP II Industrial Park

Overcoming difficulties, FDI enterprises in the province have well performed the prevention and control of the Covid-19 epidemic by ensuring the health and safety of workers and making efforts to maintain production and business operations. In fact, many FDI enterprises in the province still continue to operate effectively during the epidemic with confidence in the solutions that the province is implementing. According to Mr. Bui Minh Tri, Head of the Management Board of Binh Duong provincial Industrial Parks, in the first nine months of 2021, the investment capital of enterprises in the industrial parks has reached USD 1.76 billion, increasing by 1.98% over the same period and reaching 126.24% of the annual plan. In which, the FDI economic sector gained USD 1,574 million (accounting for 82%), an increase of 2.15% over the same period; revenue USD 16.90 billion (accounting for 79.34%), an increase of 2.75% over the same period; export turnover USD 14.33 billion (accounting for 95.71%), an increase of 3.25%; import turnover USD 12.91 billion (accounting for 91.14%), an increase of 1.85%; taxes and budget payments USD 275.16 million (accounting for 86.19%), an increase of 1.55% over the same period.

Mr. Meguro Minoru, General Director of Yazaki EDS Vietnam Co. Ltd. said that the company has strictly implemented Covid-19 prevention and control measures, so the company's production has still been maintained. In order to stabilize production during the stressful epidemic, the company has implemented many solutions to support workers to live in, work on the spot and overcome the difficult time. Currently, nearly 1,300 workers at the company are implementing the "3 on the spot" option and about 90% of these have been vaccinated. The company is getting ready to enter a new phase when economic activities of the province are being restored.

According to investors, although the Covid-19 epidemic causes negative impacts, in the long run, Binh Duong is still an attractive investment destination. Mr. Gricha Safarian, General Director of Puratos Company, said that he has always been satisfied when choosing Binh Duong to set up the factory. “Although in the past time, due to the epidemic, the blockade and movement restrictions have had a great impact on production activities. However, we still believe in the investment environment of Binh Duong and always want to maintain a long-term business operation locally," Mr. Gricha Safarian added.

Side by side with enterprises

According to Mr. Mai Ba Truoc, Director of Department of Planning and Investment, up to now, the Covid-19 epidemic in the province has been basically controlled along with the efforts of the government and the attention and direction of the provincial leaders at all levels, sectors and FDI enterprises are gradually restoring their production and business activities. With great efforts, especially FDI enterprises that have a lot of experience in doing business in the world markets, very large traditional customers of a lot of capital resources in addition to the support of the Government and the province, the FDI enterprises would continue their production and recover soon.

Up to now, Binh Duong is gradually returning to the "new normal state” as many production and business activities are being relaxed and restored. The province continues to accelerate the vaccination schedule and the Covid-19 control measures are becoming more and more flexible not only helping to strengthen the confidence of the business community but also soon seizing the opportunity to attract more FDI inflows in the near future. Kim Won Sik, Chairman of the Korean Business Association in Binh Duong (Kocham Binh Duong), said that during the epidemic, the provincial authority has actively coordinated to solve problems and provide administrative support to Korean companies.

Mr. Mai Hung Dung, Standing Deputy Chairman of the provincial People's Committee, affirmed that Binh Duong will always accompany, listen to, share and support foreign investors in production and business development, especially during the complicated pandemic. Facing the trend of welcoming the wave of FDI after the pandemic, provincial leaders are actively directing investors of industrial zones, especially those that are being completed, to accelerate investment in technical infrastructure, ready to attract investors in the new quarter. At the same time, the province will focus on directing departments, branches and localities to actively connect and invite investors to do well in investment promotion in the last months of the year through building the image of a safe investment location and accelerating the completion of mechanisms and planning infrastructure to be ready to welcome new capital flows.

Reported by Ngoc Thanh – Translated by Vi Bao