(VOVWORLD) - US firm CT Strategies is considering the possibility of developing free trade zones in Binh Duong, an industrial hub in southern Vietnam, said Andrew Farrelly, CEO and Co-founder of CT Strategies, in a working session with the Binh Duong provincial administration yesterday.
 CT Strategies delegation works with Binh Duong provincial administration on July 3, 2023. (Photo: binhduong.gov.vn) |
Ferrelly highly appreciated the infrastructure development as well as the economic potential of Binh Duong, saying the locality meets all conditions to form free trade zones, aiming at export and free trade facilitation. He said he had jumped to the conclusion following a fact-finding tour of the province which he said has a convenient transportation system connecting with deep-water seaports and international airports.
Mai Hung Dung, vice chairman of the provincial administration, welcomed the US firm’s plan, saying that forming a free trade zone is Binh Duong’s important goal to step up the clearance of goods and enhance professional management of the logistics system. Mr. Dung said that Binh Duong always focuses on solutions to attract investment and industrial development, especially green, modern, and environmentally friendly industries. It supports businesses including CT Strategies to seek investment fields suitable to local development policy.
Headquartered in Washington D.C., CT Strategies provides strategic services to clients seeking innovative insight, advisory services, and technology applications to address border management, supply chain, and port operation challenges in the US and around the world.
It has opened its head office in Da Nang city and is promoting consultancy on free trade zone projects in some localities such as Quang Nam, Quang Tri, Can Tho, Hai Phong and Hue.