Thai Binh seeks investment from South Korea

Friday, Sep 23, 2022 15:40

Thai Binh and South Korean delegates at the conference pose for a group photo. — VNA/VNS Photo

A delegation from the northern province of Thai Binh held a conference in Seoul on Thursday to call for investment from South Korean firms into the province.

The event, organised with the coordination of the Vietnamese Embassy in the Republic of Korea and the Korea SMEs and Startups Agency (KOSME), is part of activities to enhance trade connectivity between Viet Nam and South Korea to mark the 30th anniversary of their diplomatic relations (November 22, 1992-22).

In his opening remarks, Secretary of Thai Binh’s Party Committee Ngo Dong Hai, said that for Thai Binh, South Korea has been an important partner in various fields. The province is hosting 26 projects of Korean investors with total capital of US$128 million.

He invited Korean investors to the province to survey investment and business opportunities, pledging to create the best possible conditions for them, including providing support not only in investment procedures but also throughout the operation duration of their projects.

Standing Vice Chairman of Thai Binh’s People’s Committee Nguyen Quang Hung presented the potential and strengths of the province, which is located in the northern coastal economic corridor, and only 110km from Ha Noi.

He emphasised that Thai Binh has a big land fund for industrial production, with eight established industrial parks with a total area of 1,930ha. In particular, the province is home to a 30,583ha economic zone, and the province has issued many preferential policies for investment in the zone.

Representatives from Korean firms with investments in Thai Binh shared their experience in doing business in the province.

Earlier, the Thai Binh delegation paid working visits to Gyeongsangbuk and Chungcheongbuk provinces to look into cooperation possibilities. It also had working sessions with Korean firms which are interested in investing in infrastructure and smart city. — VNS

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