At the reception, Mr. Seok Hyun Son thanked the provincial leaders for receiving the delegation as well as expressed his impression and admiration on economic development of Viet Nam and of Binh Duong province in particular. Then he gave a brief introduction on his company. Sungjin Foma is based in Korea, the headquarter is in Daegu Metropolitan City. The company specializes in producing car accessories. Its clients include: BMW, Audi, Mercedes, Ford, etc.

 

Mr. Seok Hyun Son said the company will invest on a plant in My Phuoc III Industrial Parks with total area of 6 hectares; total investment capital of phase 1 is US$40 million. He requested to receive facilitation from provincial authorities in issuing investment certificate.

    

 

 

On his side, Chairman Tran Van Nam briefly introduced on the provincial socio-economic development status. Currently Korea is the third biggest investor among 39 countries and territories investing in Binh Duong with 515 projects, total investment capital of over US$2 billion. In general, Korean enterprises are working effectively in the province and the project of Sungjin Foma suits the provincial investment attraction orientation. Chairman Nam promised to facilitate the business operation in the province.