Business

Binh Phuoc calls for RoK investment in high-tech parks

The authorities of the southern province of Binh Phuoc on December 16 held a virtual investment promotion conference with enterprises from the Republic of Korea (RoK).
Binh Phuoc calls for RoK investment in high-tech parks ảnh 1Tran Tue Hien, Chairwoman of the Binh Phuoc People’s Committee (Photo: VNA)

Binh Phuoc (VNA) – The authorities of thesouthern province of Binh Phuoc on December 16 held a virtual investmentpromotion conference with enterprises from the Republic of Korea (RoK).

At the conference, a number of veteran RoK investors in theprovince including HCM Vina and Hankuk Carbon introduced the local businessenvironment and incentives for their compatriots who want to knowmore about Binh Phuoc’s transport infrastructure and regulations onconstruction and the employment of labours.

Tran Tue Hien, Chairwoman of the provincial People’sCommittee, said with an open business environment, preferential policies, and time-savingadministrative procedures, Binh Phuoc is emerging as an attractive destinationfor foreign investors, especially those from the RoK.

In 2020, Binh Phuoc attracted 36 FDI projects worth 432 millionUSD. To date, the province has lured 272 FDI projects whose capital amountedto 2.7 billion USD. Of the total, 90 projects worth 664 million USD are fromthe RoK, making it the largest foreign investor in the province.

Hien called for RoK’s investment in a series of sectors likeelectronics, farm produce processing, support industry, and high-techagriculture.

The local leader vowed to offer the best conditions possible for investors’ production and business operations regarding land clearance,administrative procedures, infrastructure, and policies.

Currently, Binh Phuoc has 13 industrial parks spanning atotal of 4,686 ha./.
VNA
#Republic of Korea #Binh Phuoc #RoK investment #Tran Tue Hien #FDI #industrial parks #vietnam #Vietnam News Agency #vietnamplus
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