Binh Duong calls for stronger investment from RoK
Binh Duong, (VNA) – An online conference to promote investment from the Republic of Korea in the southern province of Binh Duong was held by the provincial People’s Committee
and Becamex IDC Corp on November 9.
Speaking at the event, Vice Chairman of the
provincial People’s Committee Nguyen Loc Ha said after returning to the
"new normal", local authorities have called for foreign investment towards creating a new wave
of development.
Besides promoting
socio-economic development, Binh Duong also actively expands bilateral and
multilateral cooperation in many fields. The locality has so far established
bilateral cooperation with 10 foreign localities and is an official member and
reliable partner of three international organisations namely the world’s Intelligent Community
Forum (ICF), the Asian Economic
Cooperation Horasis Forum, and The World Trade Centres Association (WTCA).
In its development
strategy, Binh Duong will continue to implement the project "Binh Duong Innovation
Zone", which will
focus on planning a science and technology
industrial park, a creative start-up ecosystem, promoting balanced economic
development, increasing the proportion of services, especially cross-border e-commerce.
In the first 10 months
of 2021, investors poured 1.92 billion USD in total into 59 new investment
projects, 23 existing projects and 155 projects invested
in the form of capital contribution and share purchase.
As of October 31, Binh Duong was home to 4,008 projects from 65 countries and
territories with a total registered capital of 37 billion USD, ranking the
second nationwide in attracting foreign investment.
In the first 10 months,
despite facing difficulties and challenges due to the COVID-19 pandemic, the locality’s
export turnover was estimated at 26.4 billion USD.
Becamex IDC Corp’s
representatives briefed participants on the province’s investment environment and
projects developed by Becamex IDC to meet investment needs of businesses.
Participants were also updated on orientations to build smart cities, Binh
Duong Innovation Zone, transport infrastructure development, logistics network,
and high-quality human resources training, to make it ready for welcoming new
foreign projects, including those from the RoK.
Lee Jeong-won, a
representative from Coex Corporation of the RoK, presented the firm’s plan to
develop the World Trade Centre in Binh Duong New City (WTC BDNC) project, saying that this is expected to be a favourable
investment destination for Korean businesses and investors that are interested
in Binh Duong.
Ha expressed his
hope that in 2022 and following years, Binh
Duong will continue to receive active cooperation from the RoK side and
partners, thus supporting the locality to promote the level of bilateral cooperation and expand
multilateral cooperation towards creating breakthroughs in its international
integration and development in the future./.