Huge Investment from RoK Poured in Binh Duong

2:34:23 PM | 20/8/2015

The Southern province of Binh Duong is now home to as many as 2,508 valid projects with total registered capital of over US$21 billion, according to the provincial Department of Planning and Investment.
The information was released on August 18 at the dialogue between the provincial leaders and representatives of 70 businesses from the Republic of Korea (RoK).
Of the figure, Korean investors have poured US$2 billion in 515 projects in the province. In the first seven months of 2015, the Republic of Korea’s newly-registered and additional capital in Binh Duong stood at US$134.2 million.
Vice Chairman of the provincial People’s Committee Tran Thanh Liem said the province has paid due attention to improving the business environment, adding that advantageous areas including electricity, electronics, mechanics, pharmacy, trade and services have attracted a lot of foreign investment.
After the two nations upgraded the relationship into strategic partnership, the RoK’s investment in Viet Nam has remarkably risen, especially in Binh Duong province, said Korean Consul General in Ho Chi Minh City Park Noh Wan.
At the gathering, representatives of Korean businesses proposed measures to accelerate administrative procedures reform, especially procedures relevant to grant of work permits to foreign laborers and business establishment.