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.
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./.
The authorities of the southern province of Binh Phuoc on December 16 held a virtual investment promotion conference with enterprises from the Republic of Korea (RoK).
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 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 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.
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.
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Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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An overview of the event (Photo: VNA) 
