VCCI-HCM: Joint Efforts for Binh Phuoc Business Climate Improvement

10:59:30 AM | 6/28/2022

The Vietnam Chamber of Commerce and Industry in Ho Chi Minh City (VCCI-HCM) will support Binh Phuoc to improve the business investment environment and enhance the Provincial Competitiveness Index (PCI).

This information came from the recent meeting and signing ceremony between VCCI-HCM and the Binh Phuoc Investment, Trade and Tourism Promotion Center, aiming to stimulate the local business community on the path of integration.

At VCCI-HCM Branch, the two sides exchanged information on the organizational structure, functions and duties of each party in investment and trade promotion, consulting and business support while reviewing outstanding cooperation outcomes between VCCI-HCM and Binh Phuoc province in recent years.

In the first months of 2022, the Binh Phuoc Investment, Trade and Tourism Promotion Center advised the Provincial People's Committee to host investment promotion conferences, welcome delegations of consulates of Singapore and Thailand, the Indian Embassy and Taiwanese enterprises seeking to study the local investment environment, survey Becamex and Minh Hung Sikico industrial parks and exchange directly with representatives of relevant departments and agencies. The center has actively supported local businesses to participate in trade and tourism promotion programs inside and outside the province.

At this meeting, Mr. Tran Quoc Duy, Director of Binh Phuoc Investment, Trade and Tourism Promotion Center, said, Binh Phuoc is currently home to the Young Entrepreneurs Association, the Women Entrepreneurs Association, the Small and Medium Enterprise Association with a large number of members who need to be provided with more knowledge and skills about production and business in the Industry 4.0 Era and need to be more closely connected.

He hoped the two sides cooperate in supporting the local business community to improve their knowledge, practice integration skills, strengthen connectivity with domestic and foreign businesses to reap more successes and sustainable development; and actively promote social responsibility via volunteering activities.

In particular, he hoped that VCCI-HCM will actively help Binh Phuoc connect, invite domestic and foreign investors to the province to learn about the local investment environment and propose establishing VCCI - Binh Phuoc Branch as soon as possible

to facilitate direct and maximum support for the business community.

Mr. Tran Ngoc Liem, Director of VCCI-HCM City, affirmed that VCCI's role as representative of the Vietnamese business community will be able to bring every activity of its projects through business networks, and gather business recommendations and provide policy advice to the government on macroeconomic and business issues.

On this occasion, the two sides discussed a series of business support programs to improve environmental management capacity, green transformation and transition to 100% renewable energy, energy efficiency in production business, climate change projects and CO2 emission reduction.

Through its business support activities, VCCI-HCM proposed helping Binh Phuoc implement solutions to improve the business investment environment and raise the Provincial Competitiveness Index (PCI).

At the end of the working session, the two sides signed a memorandum of cooperation on joint efforts to organize conferences and seminars on domestic and international investment, trade and tourism promotion; coordinate in informing, and promoting and introducing the environment, policies, potential and investment opportunities in Binh Phuoc province to domestic and foreign enterprises.

In addition, VCCI-HCM will help the province connect and work with foreign organizations such as the Japan External Trade Organization (JETRO), the Japan International Cooperation Agency (JICA), the Korea Trade-Investment Promotion Agency (KOTRA), and foreign associations to enable Binh Phuoc's investment, trade and tourism promotion.

Last but not least, the two sides will coordinate to deploy training courses, talk shows or forums on business skills, entrepreneurship, business administration and investment promotion. Every year, they will coordinate to organize meetings, exchanges and experiences.

By Thanh Tran, Vietnam Business Forum