Binh Duong joins forces with FDI firms

Authorities of southern Binh Duong province have paid a visit to foreign direct investment (FDI) firms in the My Phuoc 3 and My Phuoc 1 industrial parks to inquire about their operations so as to take prompt assistance measures.
Authorities of southern Binh Duong province have paid a visit to foreign direct investment (FDI) firms in the My Phuoc 3 and My Phuoc 1 industrial parks to inquire about their operations so as to take prompt assistance measures.

Chairman of the provincial People’s Committee Tran Van Nam lauded effective FDI firm activities in recent years, particularly Kumho Tire Co. Ltd and Panko Vina Co. Ltd, both invested by the Republic of Korea.

At the Kumho Tire Co. Ltd, Nam spoke of its activities for workers and charitable work and pledged to continue fostering favourable conditions in terms of land for worker accommodation.

Meanwhile, the chairman suggested the Panko Vina Co. Ltd specialising in garment and dyeing invest in relevant industries to support their own manufacturing efforts.

Operating since 2008, Khumho Tire Vietnam has an investment capital of 260 million USD, manufacturing 3.46 million tires a year and creating jobs for over 900 local workers.

Operating within the My Phuoc 1 Industrial Park, Panko Vina was established in 2002. It posted a growth rate of 25 percent in 2014. This year, the company plans to install an additional production line in 2015, employing 1,500 more workers, and build a kindergarten for its workers’ children.-VNA

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