S. Korean Investors Impressed with Southern Province
South Korea investors are highly interested in investing in southern Binh Duong province for its dynamic economic development, after exploring the investment climate in the locality, said a South Korea trade official.
Chairman of the South Korea Presidential Commission on Small and Medium Enterprises Yum Hong Chul led a business delegation to study the province’s investment environment from May 16
With annual GDP growth over 15 per cent, Binh Duong has attracted South Korean investors, Yum stressed, noting that would draw up a roadmap for enterprises investing in the locality.
The business delegation said they were impressed with the modern facilities of the Vietnam-Singapore industrial Park during their working session with leaders of Binh Duong Industrial Investment and Development Corporation (Becamex IDC).
The province would permit RoK businesses to lease more than 300 ha of land for industrial production and trade projects, according to Becamex IDC General Director Nguyen Van Hung.
Currently, South Korea is the second largest investor, among 37 countries and territories investing in Binh Duong province, with 240 projects capitalized at $700 million.
In related news, Vietnam will send a delegation of 100 businesses, led by Deputy Prime Minister Nguyen Sinh Hung, to South Korea to carry out investment promotion activities within the framework of Vietnam Days slated for May 21-24 to foster investment from this country, announced the Vietnam Chamber of Commerce and Industry. (Vietnam & World Economy)
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