At the investment promotion conference in the RoK (Photo: VNA)Seoul (VNA) – The northern province of Bac Ninh is looking to lure moreKorean investments, pledging to create the best conditions for both largecorporations and small- and medium-sized enterprises to invest in the province,Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.
At an investment promotion conference held in Seoul, the Republic of Korea(RoK), on May 8, Quynh said that Korean firms are the locality’s largestpartners, with 824 projects valued at more than 12 billion USD, accounting for19.4 percent of all Korean investment in Vietnam.
Pointing out renowned investors in the province like Samsung, Hanwa, andTechwin, he attributed their successful operations to the locality’s favourablebusiness climate and transport system, well-developed communicationinfrastructure, as well as high-quality human resources, among others.
Attending the conference, Vietnamese Ambassador to the RoK Nguyen Vu Tu spokehighly of the Vietnam-RoK sound relations, particularly in the fields ofinvestment, trade, tourism, and people-to-people exchange.
Good political ties and people-to-people exchange have laid the foundation forthe effectiveness of economic activities, he affirmed.
The Korean Government is carrying out its “New Southern Policy” to bolstercollaboration with the ASEAN bloc, with Vietnam considered a prioritisedpartner, he said, adding that the Vietnamese Government has outlined variouspreferential policies to encourage foreign firms, including those from the RoK,to land long-term investment in the country.
Hundreds of Korean investors and journalists attending the conference wereinformed of Vietnam and Bac Ninh’s policies for foreign investors.–VNA
VNA
