Thanh Hoa attracts investment from RoK enterprises

The central province of Thanh Hoa pledges to create favourable conditions for the Republic of Korea’s (RoK) enterprises to invest in the locality.
The central province of Thanh Hoa pledges to create favourable conditions for the Republic of Korea’s (RoK) enterprises to invest in the locality.

Chairman of the provincial People’s Committee Trinh Van Chien made the commitment at a conference in Thanh Hoa city on April 16 to promote investment and trade with RoK businesses.

The province will continue improving its investment environment and infrastructure system, strengthen human resources training and develop support industry, he said.

At the conference, the Thanh Hoa Institute of Planning and Architecture and the Hong Duc Education Equipment Joint Stock Company signed memoranda of understanding (MoU) on investment and business activities with the RoK’s Heerim Architects & Planners and Cloz Companies.

On the same day, the Thanh Hoa provincial People’s Committee and the authorities of Seongnam city also inked a MoU on their cooperation. Under the deal, the two sides will boost cooperation in the fields of economics, ecology, culture, health, sports, education, tourism, technology and infrastructure.

In 2013, the RoK city will send a delegation of planning experts to help Thanh Hoa build the Lam Son – Sao Vang Hi-tech Park in Tho Xuan district.

The two sides will speed up the signing of cooperation agreements between their small- and medium-sized enterprises, universities, and cultural and educational organisations.

Thanh Hoa ranks sixth in the country in attracting foreign direct investment (FDI) with a total of 16 billion USD. At present, the RoK has eight FDI and three ODA projects in the province.-VNA

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