At Hanoi bridge point, there were Mr. Do Nhat Hoang - Director of the Foreign Investment Department; Mr. Vu Van Chung – Permanent Deputy Director, in charge of Party Committee of Foreign Investment Department. Attending at Binh Duong bridge point were Mr. Le Phu Hoa - Director of Binh Duong Department of Foreign Affairs; Ms. Tran Thi Hai Yen - Director of the Southern Investment Promotion Center; Mr. Kim Kwan Mook – General Director - Trade Office of the Korean Consulate General in Ho Chi Minh City; Mr. Son Young Il - Chairman of Korean Chamber of Commerce and Industry (KOCHAM) in Ho Chi Minh City; Mr. Kim Wong Sik – Chairman of KOCHAM in Binh Duong; representatives of Korean enterprises in Binh Duong. At the bridge point of An Giang, Ba Ria - Vung Tau, Vinh Long and Ninh Thuan provinces, there were leadership representatives of departments, committees and branches.
At the Korean bridge point, there were nearly 100 Korean enterprises attending.
Overview of the Dialogue
Speaking at the opening of the Dialogue, Mr. Do Nhat Hoang said that the purpose of the Dialogue was to strengthen Korean investment promotion activities in Vietnam; improve the efficiency of investment promotion programs in the South as well as help provinces grasp the trend of investment needs of Korean enterprises. At the same time, introducing the investment environment to Korean enterprises and investors at home and abroad, including orientation of priority industries to call for investment, investment attraction locations, preferential policies and investment support. In 2021, despite the outbreak of the pandemic, Vietnam still achieved outstanding results in socio-economic development; 33,400 FDI projects invested in Vietnam with more than 221 billion USD. Korea ranks second among 65 countries and territories investing in Vietnam, with a total investment capital of more than 74 billion USD. Mr. Hoang appreciated and welcomed Korean enterprises to continue to invest in Vietnam in general and the Southern provinces in particular in the fields of health, energy, agricultural product processing, technology, etc. Vietnam is ready to fully prepare conditions to best support investors.
Mr. Kim Won Sik - Chairman of KOCHAM Binh Duong speaks at the Dialogue
Mr. Kim Won Sik - Chairman of KOCHAM Binh Duong highly appreciated the investment environment of Vietnam in general and Binh Duong province in particular. He said that Korean enterprises investing in Binh Duong are operating effectively in business. Binh Duong provincial government always cares and supports enterprises to promptly remove difficulties and problems of enterprises, especially during the complicated development of the Covid-19 pandemic. He hoped that the Dialogue will be a bridge for Korean enterprises to explore investment opportunities in Vietnam in general and Binh Duong province in particular.
Representatives of the authorities in South Vietnam attending the Dialogue introduced the the local investment potential. Introducing Binh Duong's investment environment, Mr. Le Phu Hoa - Director of Binh Duong Department of Foreign Affairs said, despite facing many difficulties and challenges due to the Covid-19 situation, the province's socio-economic situation still achieved some positive results, with many positive and encouraging bright spots in the context of both pandemic prevention and control, and economic recovery and development. Binh Duong is currently ranked 2nd in the country in terms of attracting foreign investment capital, just behind Ho Chi Minh City, with 4,016 projects, total registered capital of more than 37 billion USD from 65 countries and territories. In which, Korea is currently investing in 764 projects with a total investment of more than 3.3 billion USD, ranking 5th among 65 countries and territories investing in Binh Duong.
The representative of Becamex IDC also introduced the construction progress of the Science and Technology Industrial Park and the World Trade Center Binh Duong New City. At the same time, providing brief information about the construction of transport infrastructure connecting the region, the system of logistics, training of high-quality labor resources and investment incentive policies of Vietnam. In the development strategy, Binh Duong province will continue to implement the "Binh Duong Innovation Region" project with the planning of Science and Technology Industrial Park, innovative startup ecosystem, promoting the proportion of services, especially e-commerce and international commerce with the typical project being the World Trade Center Binh Duong New City.
Mr. Le Phu Hoa - Director of the Department of Foreign Affairs of Binh Duong province answers questions from Korean enterprises
Answering questions from Korean enterprises related to logistics development in Binh Duong, Mr. Le Phu Hoa said, for sustainable development in the coming time, the province is focusing on developing the logistics service industry, encouraging the attraction of domestic and foreign investment capital, building a goods distribution center, conveniently connecting to the traffic network and inland ports. Step by step creating a modern logistics infrastructure network, contributing to promoting the development of supply chains to support domestic production and consumption of goods and import and export. To meet the increasing needs of enterprises, Binh Duong is gradually shifting to smart logistics, including combined road, waterway and rail transportation components. Building river ports, warehousing centers, logistics centers, applying information technology. At the same time, implementing the motto of bringing ports to enterprises. Accordingly, gradually reducing transport by road, switching to waterways and in the future, mass transport by railway, reducing waste to the environment, reducing transportation time and reducing costs.
Reported by Mai Xuan - Translated by Nguyen Trang