Southern localities seek stronger investment cooperation with RoK investors

An overview of the event (Photo: 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./.