The northern province of Bac Ninh has always created the best possible conditions for foreign investors including those from South Korea.

And if any problems arise, the province acts fast to resolve them.

Chairman of the provincial People’s Committee Nguyen Tu Quynh delivered this statement during a working session with a business delegation from South Korea’s Gumi City on Thursday.

The province is ranked 4th and 2nd nationwide in terms of economic scale and production value, respectively. It is home to 16 industrial parks.

About 1,400 foreign-funded companies from 34 countries and territories are operating in the province, with a capital totalling US$18.2 billion with 900 enterprises from South Korea, investing more than $12 billion.

The province is working to improve its business climate and hopes Korean investors will expand their operations, the local leader said.

Jo Jung Moon, chairman of Gumi City’s Chamber of Commerce, praised on Bac Ninh’s preferential investment attraction policy for Korean firms, including those from Gumi.

He wished the local authorities will continue facilitating the group in the future.

Gumi is a large industrial city located in a key development area and plays an important role in export of South Korea.

The same day, the chairman also hosted financial organisations from Finland visting to support the development of a high-tech waste-to-power plant in the Que Vo District. — VNS