At the meeting (Photo: VNA)Binh Duong (VNA) – Enterprises from the Republicof Korea (RoK) have highly valued the investment climate in the southernprovince of Binh Duong, which boasts great administrative reform, potential fordevelopment, and policies to facilitate businesses.
A delegation of representatives from 30 RoK businesses operating in the fieldsof cosmetics, garments and textiles, electronics, and construction, led by VicePresident of the Korean Chamber of Commerce and Industry Jeong Ki-ok, had aworking session with local authorities on December 6 to explore investmentcooperation opportunities in the province.
Vice Chairman of the provincial People’s Committee Mai Hung Dung spoke highlyof the RoK firms’ contributions to local socio-economic development, sayingthat besides fully implementing policies relating to production and businessactivities, they have also paid due attention to social welfare for employees.
According to him, Binh Duong, located in the southern key economic region, nowranks fourth in Vietnam in the size of economy and makes up 10 percent of thecountry’s export value.
It comes third nationwide in attracting foreign investment (after Ho Chi MinhCity and Hanoi), with more than 3,500 projects worth over 31 billion USD. Ofwhich, 2,100 projects with registered capital of 21 billion USD, or 67 percent,are based in industrial parks.
Among 63 countries and territories investing in Binh Duong, the RoK is thefourth largest investor – behind Taiwan, Singapore, and Japan – with over 700projects capitalised at nearly 3 billion USD, accounting for 9.3 percent oftotal foreign investment in the province.
Dung informed that Binh Duong will step up attracting investment to high-qualityservices, support industries, urban development, and high-tech agriculture, aswell as build a system to promote its potential. The province will focus onimplementing a project on smart city building based on the model of state-business-schoolcooperation.
Earlier, the Korean business delegation visited several industrial parks andRoK companies operating in the locality. –VNA
A delegation of representatives from 30 RoK businesses operating in the fieldsof cosmetics, garments and textiles, electronics, and construction, led by VicePresident of the Korean Chamber of Commerce and Industry Jeong Ki-ok, had aworking session with local authorities on December 6 to explore investmentcooperation opportunities in the province.
Vice Chairman of the provincial People’s Committee Mai Hung Dung spoke highlyof the RoK firms’ contributions to local socio-economic development, sayingthat besides fully implementing policies relating to production and businessactivities, they have also paid due attention to social welfare for employees.
According to him, Binh Duong, located in the southern key economic region, nowranks fourth in Vietnam in the size of economy and makes up 10 percent of thecountry’s export value.
It comes third nationwide in attracting foreign investment (after Ho Chi MinhCity and Hanoi), with more than 3,500 projects worth over 31 billion USD. Ofwhich, 2,100 projects with registered capital of 21 billion USD, or 67 percent,are based in industrial parks.
Among 63 countries and territories investing in Binh Duong, the RoK is thefourth largest investor – behind Taiwan, Singapore, and Japan – with over 700projects capitalised at nearly 3 billion USD, accounting for 9.3 percent oftotal foreign investment in the province.
Dung informed that Binh Duong will step up attracting investment to high-qualityservices, support industries, urban development, and high-tech agriculture, aswell as build a system to promote its potential. The province will focus onimplementing a project on smart city building based on the model of state-business-schoolcooperation.
Earlier, the Korean business delegation visited several industrial parks andRoK companies operating in the locality. –VNA
VNA
