Business

Binh Duong moves to facilitate RoK investment

Leaders of the southern province of Binh Duong have addressed concerns raised by representatives from more than 70 businesses from the Republic of Korea (RoK) operating in the locality.
Binh Duong moves to facilitate RoK investment ảnh 1Deputy Chairman of the Binh Duong People's Committee delivers a speech at the meeting with RoK businesses. Photo: VNA

Leaders of the southern province of Binh Duong have addressed concerns raised by representatives from more than 70 businesses from the Republic of Korea (RoK) operating in the locality.

At a meeting on August 18, officials from provincial agencies and the local electricity company answered in details Korean business people’s questions on unscheduled power outages, rising electricity prices, intellectual property rights, procedures to grant work permits to foreign workers and facility leases at industrial parks.

Park Noh Wan, RoK Consul General in Ho Chi Minh City, spoke highly of Binh Duong for regularly organising meetings with RoK businesses, which he said has helped promote cooperation and untangle knots.

The Consulate General will partner with the RoK Business Association’s Chapter in Binh Duong to call for more investments from the country.

With 515 projects worth a total of 2 billion USD, the RoK now ranks third among countries and territories investing in Binh Duong. Korean investors have poured 134.2 million USD into 25 new projects and 14 existing projects in the province this year so far.-VNA

VNA
#Binh Duong #Korean businesses #power outages #electricity prices #intellectual property rights #work permits
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