At the dialogue (Photo: VNA)Binh Duong (VNA) – The southern province of Binh Duong will actively work to promptlyremove bottlenecks for businesses from the Republic of Korea (RoK), Chairman ofthe provincial People’s Committee Tran Thanh Liem affirmed at a dialogue withKorean firms on July 30.
Local authorities cleared up a number ofconcerns raised by Korean enterprises regarding transport infrastructure,electricity supply, and provision of high quality human resources.
Among over 3,650 foreign businesses investing inBinh Duong, Korean firms are ranked fifth with 734 projects worth 3.13 billionUSD, mainly in the fields of garment-textiles, footwear, manufacturingauxiliary products for the automobile industry, health care, pharmacy, and foodprocessing.
In the first six months of this year, Koreanbusinesses registered investment of over 89.1 million USD.
Director of the provincial Department ofPlanning and Investment Nguyen Thanh Truc said in the January-June period, BinhDuong attracted over 1.45 billion USD in foreign direct investment (FDI) from32 countries and territories, a year-on-year rise of 70 percent, surpassing theyearly target of 3.5 percent.
To date, the province has lured more than 3,650FDI projects worth over 33.8 billion USD from 64 countries and territories,ranking third nationwide in foreign investment attraction, he added.
To reap these outcomes, Binh Duong has focusedinvestment on transport development and created favourable connection betweenurban centres, residential areas and industrial parks with the southernmetropolis of Ho Chi Minh City, the Mekong Delta, the south-eastern region, andthe south Central Highlands, he said.-VNA
VNA
