Mr. Nguyen Thanh Truc - Director of Department of Planning and Investment – informed about investment attraction in the province, in Binh Duong, South Korea is the No. 3 investors with 569 projects and a total registered capital of $2.25 billion. In the first 6 months of 2016, many Korean corporations, investors came and explore the province's investment environment and invested in 27 new projects, added more capital to 13 projects with a total capital of VND155.2 million. Some major projects are: Lumens Vina Company produces and processes all kinds of LED blue lights used in TV, computer, monitor, power applications with an investment of $30 million in My Phuoc IP; production plant for automotive airbags of Kolon Company with an investment of $14.1 million; SGX Company produces and exports shoes with an investment of $12 million in Song Than 2 IP; Sung Min Vina Company produces footwear with a total investment of $10 million in Tan Uyen Town… This is a good signal, which implies that Binh Duong favorable and dynamic investment environment continues to be an attractive destination to Korean businesses. 

 

Korean businesses gave opinions at the meeting

Representatives of Department of Transport replied questions of businesses at the meeting

At the meeting, many Korean enterprises raised issues of labor policies, power and water supply in IPs, the construction of transport infrastructure, regional port system; labor exchange, supply between universities and businesses in the province; the construction of international schools for children of foreign experts; policies promoting auxiliary industries ... These issues were answered satisfactorily right at the meeting by provincial departments and agencies.

 

Mr. Tran Thanh Liem - Deputy Secretary of provincial Party Committee, Chairman of PPC - concluded the meeting

Concluding the meeting, Mr. Tran Thanh Liem - Deputy Secretary of provincial Party Committee, Chairman of PPC - appreciated large contributions of Korean businesses to provincial socio-economic development. He stressed, in the future, Binh Duong province would focus on improving the investment climate; mobilization of resources for bettering socio-economic infrastructure, such as transportation, water supply, electricity, environmental treatment; planning for IP expansion, creating clean land source for business activities. Besides, continuing to enhance administrative procedure reform; ensure political security, social order and safety in order for Korean businesses in particular and foreign investors in general to operate efficiently in Binh Duong.

Reported by Phuong Chi – Translated by Ngoc Huynh