Hanoi (VNA) – A delegation from thecentral province of Binh Dinh introduced local economic and tourism potentialand sought ways to boost trade and investment ties with US businesses during aworking trip to the US from October 12 to 23.

At an investment promotion conference inVirginia on October 22, Vice Chairman of the provincial People’s Committee PhanCao Thang highlighted Binh Dinh’s potential and strengths for US firms toinvest in, including electronic component manufacturing, automobile supportingindustry, seaport infrastructure, industrial park infrastructure, energy,tourism, forestry, and wooden products.

Home to Quy Nhon International Seaport, BinhDinh is the nearest gateway to the East Sea for the Mekong sub-region. It alsoboasts favourable transport infrastructure by road, rail and air.

The province, part of the central key economic region ofVietnam, has an abundant workforce with low labour cost and good skills. Nineindustrial parks and 63 industrial clusters have been developed there so far,and Binh Dinh is building the Nhon Hoi Economic Zone covering over 14,500hainto a development engine for the province, according to Thang.

He also underlined his locality’s potential forbecoming a tourism hub in the coastal central region of Vietnam.

The official said the local administration willcreate the best possible conditions for enterprises to seek investment andbusiness partnerships, and will support them during the investment process.

At the conference, US businesses showed their interestin some fields and the investment policies in Binh Dinh.

Marc Mealy, Senior Vice President for Policy atthe US-ASEAN Business Council (USABC), said for the council’s members, Vietnamis an attractive investment destination due to its optimal investmentclimate. 

He also highly valued the potential, strengthsand investment environment in Binh Dinh, adding that he and US enterprises arelooking at the province’s advantages in wooden product manufacturing andexport.

Mealy said he will help promote connectivitybetween Binh Dinh’s wooden product manufacturers and US firms in the states ofNorth Carolina and Massachusetts.

During the visit, companies from Binh Dinh alsoexhibited wooden and furniture products at High Point Market, the US’s leadinghome furnishings industry trade show, in North Carolina. The delegation alsohad a working session with the 3M Group to attract investment in the hi-techindustry./.