Chairman of the People’s Committee of southern Binh Duong province Tran Thanh Liem has pledged all possible support to investors, including those from the Republic of Korea (RoK).
Binh Duong (VNA) – Chairman of the People’sCommittee of southern Binh Duong province Tran Thanh Liem has pledged allpossible support to investors, including those from the Republic of Korea (RoK).
During a meeting on August 16 between representatives of theBinh Duong People’s Committees and RoK enterprises, Liem said the province willrally resources for socio-economic infrastructure regarding transport, watersupply, electricity and environment protection while expanding industrialzones, providing qualified workforce for firms and building social houses forworkers.
Binh Duong is committed to accelerating administrativereform and developing high-quality services to meet demand for industrial andurban development, he said, adding that attention will also be paid to ensuringpolitical security and social safety and order.
Korean investors proposed issued involving local socialsecurity and order, public housing for Vietnamese workers and entertainmentservices for foreign experts working in Binh Duong.
Nguyen Thanh Truc, Director of the provincial Department ofPlanning and Investment, said the total foreign direct investment (FDI) in BinhDuong surged 51 percent annually in the first half to more than 1.7 billionUSD, or 123 percent of the yearly plan, including 97 new projects worth 1.03billion USD and 62 others registering additional capital worth 670 million USD.Up to 92.5 percent of capital inflows were recorded in industrial parks.
As of June 30, 2017, Binh Duong lured 2,946 foreign-investedprojects with a total registered capital of 27.4 billion USD, ranking secondnationwide in terms of FDI attraction, only behind Ho Chi Minh City. The RoKwas the third largest investor in the province, behind Taiwan (China) andSingapore, with 619 projects valued at nearly 2.7 billion USD.
In the first six months this year, Korean investors poured306 million USD into 16 new projects and 17 others underway, notably 220million USD into Kolon Industries’ automobile tire cord and airbag factory inBau Bang industrial park, 25 million USD into Sewang apparel factory and 12million USD into HuynJin paper and plastics plant in Vietnam-SingaporeIndustrial Park II.-VNA
The Republic of Korea (RoK) was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of 4.41 billion USD, 36.4 percent of total FDI in the period.
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Illustrative image (Source: VNA) 
