The Republic of Korea (RoK) will encourage its enterprises to expand investment in Hung Yen province thanks to its favourable environment.

RoK Ambassador Im Hong Jae made the statement when visiting the Red River Delta province on Dec. 23.

At present, 76 out of 176 foreign investment projects in Hung Yen province are invested by RoK with a total registered capital of 352 million USD, the Chairman of the provincial People’s Committee Nguyen Van Cuong said.

Of which, 51 projects have been put into operation, attracting 8,400 local workers, Cuong added.

Hung Yen is an investment destination that has potential and strength, while
local authorities are providing RoK investors with favourable conditions to do their business there, the ambassador said.

He said he hoped that RoK enterprises will contribute more to Hung Yen socio-economic development, while the province will further facilitate RoK enterprises’ investment expansion in the locality.

Hung Yen province is home to five licensed industrial parks covering 1,470 ha. Three others are under construction.

The province will develop 14 more industrial parks to meet investors’ demand from now until 2020./.