Business

Southern localities seek stronger investment cooperation with RoK investors

Southern localities of Vietnam sought partnership opportunities with investors from the Republic of Korea (RoK) during an investment promotion event in Binh Duong on December 14.
Southern localities seek stronger investment cooperation with RoK investors ảnh 1An overview of the event (Photo: VNA)
Binh Duong (VNA) – Southern localities of Vietnam sought partnership opportunities with investors from the Republic of Korea (RoK) during an investment promotion event in Binh Duong on December 14.

Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment said that the programme aims to help southern localities explore the investment trends and demands from RoK investors and introduce the localities’ prioritised areas for investment as well as their preferential policies.

Le Phu Hoa, Director of the Department of External Affairs of Binh Duong said that despite COVID-19 impacts, the province has managed to record positive socio-economic performance and become the second leading locality nationwide in foreign investment attraction with 4,016 FDI projects worth over 37 billion USD.

He said that the RoK is now the fifth biggest foreign investors in Binh Duong, with total investment capital of over 3.3 billion USD.

Kim Won Sik, President of KOCHAM Binh Duong said that Korean investors highly value the investment environment in Vietnam and Binh Duong in particular, as well as the support and incentives that Binh Duong has given them.

Hoa said that Binh Duong is focusing on boosting logistics development and encouraging investment in the building of a goods distribution centre with connections with transport system and sea ports.

He said that in the time to come, the province will prioritise the attraction of investment in environmentally friendly hi-tech industries, along with financial services, logistics, supporting industries and high-tech agriculture. Particularly, Binh Duong encourages investment from developed countries and potential partners with advanced governance level in its Science and Technology Industrial Park, he stressed./.

VNA
#Republic of Korea (RoK)#Foreign Investment Agency#FDI projects#KOCHAM#Binh Duong#Vietnam#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

HCM City helping RoK businesses to tackle difficulties

HCM City helping RoK businesses to tackle difficulties

The People’s Committee of Ho Chi Minh City, in collaboration with the Consulate General of the Republic of Korea (RoK), for the first time organised a dialogue between city leaders and RoK enterprises on March 25 to help them deal with difficulties in investment and business.
Vietnam welcomes expansion of RoK investment: PM

Vietnam welcomes expansion of RoK investment: PM

Vietnam always pays attention to creating favourable conditions for businesses and investors from the Republic of Korea (RoK) to expand their activities in the nation, said Prime Minister Nguyen Xuan Phuc, noting that the bilateral ties are getting stronger thanks to the presence of Korean conglomerates like Samsung, SK, Hanwha, Deawoo, and Lotte in Vietnam.
Vietnam boats advantages in foreign investment attraction

Vietnam boats advantages in foreign investment attraction

Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.
Stock market attracts more foreign investors

Stock market attracts more foreign investors

The number of accounts owned by foreign individuals and organisations in Vietnam’s stock market had hit more than 38,000 as of September 2021, a year-on-year surge of 34.7 percent.
Foreign firms optimistic about the potential of Vietnam's warehouse sector

Foreign firms optimistic about the potential of Vietnam's warehouse sector

According to Lance Li, CEO of BW Industrial Development JSC, despite the negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labor force.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.