Binh Duong a magnet, S Korean investors tell province

Wednesday, Aug 19, 2015 17:01

Binh Dưong Leaders meet with representative of Korean companies on August 18. — Photo VNA

BINH DUONG (Biz Hub) — South Korean investors remain interested in Binh Duong as a business destination, Korean executives told leaders of the southern province at a meeting with them on Tuesday.

Binh Duong officials said in the year-to-date, Korean companies have invested in 25 new projects and expanded 14 existing ones, bringing in a little over US$134 million to make South Korea the third largest investor.

There are 515 South Korean projects in Binh Duong with a total investment of $2 billion.

For many years Binh Duong has been a magnet for foreign investors thanks to its dynamic business environment and good infrastructure and human resources.

Besides, local leaders attentively listen to and resolve investors' complaints.

On Tuesday they met dozens of executives from local South Korean companies to assuage their concerns related to human resources, taxes, salaries, intellectual property, and others.

Earlier they had met with Japanese investors.

The regular meeting with investors is deeply appreciated by the companies since it leads to a quick resolution of their problems.

Foreign direct investment has for years played an important role in the province's development. Foreign firms account for nearly 42 per cent of total investment, 69 per cent of industrial output and 82 per cent of trade. — VNS

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