At the conference (Photo: VNA)Binh Duong, (VNA) – An online conference to promote investment from the Republic of Korea in the southern province of Binh Duong was held by the provincial People’s Committeeand Becamex IDC Corp on November 9.
Speaking at the event, Vice Chairman of theprovincial People’s Committee Nguyen Loc Ha said after returning to the"new normal", local authorities have called for foreign investment towards creating a new waveof development.
Besides promotingsocio-economic development, Binh Duong also actively expands bilateral andmultilateral cooperation in many fields. The locality has so far establishedbilateral cooperation with 10 foreign localities and is an official member andreliable partner of three international organisations namely the world’s Intelligent CommunityForum (ICF), the Asian EconomicCooperation Horasis Forum, and The World Trade Centres Association (WTCA).
In its developmentstrategy, Binh Duong will continue to implement the project "Binh Duong InnovationZone", which willfocus on planning a science and technologyindustrial park, a creative start-up ecosystem, promoting balanced economicdevelopment, increasing the proportion of services, especially cross-border e-commerce.
In the first 10 monthsof 2021, investors poured 1.92 billion USD in total into 59 new investmentprojects, 23 existing projects and 155 projects investedin the form of capital contribution and share purchase.
As of October 31, Binh Duong was home to 4,008 projects from 65 countries andterritories with a total registered capital of 37 billion USD, ranking thesecond nationwide in attracting foreign investment.
In the first 10 months,despite facing difficulties and challenges due to the COVID-19 pandemic, the locality’sexport turnover was estimated at 26.4 billion USD.
Becamex IDC Corp’srepresentatives briefed participants on the province’s investment environment andprojects developed by Becamex IDC to meet investment needs of businesses.
Participants were also updated on orientations to build smart cities, BinhDuong Innovation Zone, transport infrastructure development, logistics network,and high-quality human resources training, to make it ready for welcoming newforeign projects, including those from the RoK.
Lee Jeong-won, arepresentative from Coex Corporation of the RoK, presented the firm’s plan todevelop the World Trade Centre in Binh Duong New City (WTC BDNC) project, saying that this is expected to be a favourableinvestment destination for Korean businesses and investors that are interestedin Binh Duong.
Ha expressed hishope that in 2022 and following years, BinhDuong will continue to receive active cooperation from the RoK side andpartners, thus supporting the locality to promote the level of bilateral cooperation and expandmultilateral cooperation towards creating breakthroughs in its internationalintegration and development in the future./.
