Province’s investment attraction from RoK gets thriving

Over the past time, investment capital from the Republic of Korea (Rok) into Vietnam in general and Binh Duong in particular continuously increased, making positive contributions to the local socio-economic development.

Destination for investment capital from Rok

Rok has so far ranked third among countries and territories making investment in the province with 569 projects capitalized at more than US$2.5billion. Noticeably, Kolon Industries signed a land lease contract with Becamex IDC to construct its 42-hectare factory at Bau Bang urban-industrial park. As planned, the factory will be developed in three phases with a total investment capital of around US$1billion and is expected for completion in mid-2018.

Production of the Rok-invested Kumho Vietnam Co.Ltd. at Ben Cat town-based My Phuoc IP

Some other KoK projects with great capital in the province include Kumho Vietnam Tire Co.Ltd. with US$128.3million; Orion Vina Food Co.Ltd. with US$60million…

According Nguyen Thanh Truc, Director of provincial Department of Planning and Investment, Rok investors have continuously made new investment and made production expansion in the province. Among the newly-registered projects, there are some great projects, namely Lumens Vina Co.Ltd. capitalized at US$30million, SGX Co.Ltd. worth US$12million…

Continue being attractive to Rok investors

Many Rok companies have continued pouring investment capital into Binh Duong. This shows that Binh Duong is always an attractive destination for Rok investors in particular and foreign ones in general. Park Noh Wan, the Rok’s Consul General of in HCM city, Binh Duong has become an attractive destination for Rok investors, thanks to having well-built infrastructure together with preferential policies…

Other remarkable thing is that more than 70% of capital from Rok investors in Vietnam focuses on processing and manufacturing. They are also priority fields in the FDI attraction policy of Vietnam in general and Binh Duong in particular.

Binh Duong has recently absorbed more Rok projects. According to Lee Kwi Jong, Vice-Chairman of province-based Kocham, one of reasons leading to this result is that provincial leaders have quickly and absolutely solved queries by Rok investors.

In a recent interview with Binh Duong Daily, Mr.Park Noh Wan said that Binh Duong is one of Vietnam’s most flexible localities. Along with well-built infrastructure, the province has given many preferential policies for the Rok business community…

Reported by Khanh Vinh-Translated by K.T

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