10:16 | 03/08/2016 Investment
Authorities of the southern province of Binh Duong met more than 90 enterprises from the Republic of Korea operating in the locality to update them on the province’s socio-economic situation and investment attraction policies, and listen to their feedback and proposals.
Binh Duong authorities meet more than 90 enterprises from the RoK operating in the locality on July 29 (Credit: NDO)
Tran Thanh Liem, Chairman of the provincial People’s Committee, said that Binh Duong would continue improving its investment environment, enhancing its competitiveness and increasing supports for investors.
The province will mobilise various available resources to complete its infrastructure system, including transportation, water and energy supply, and environmental protection system, while expanding industrial parks and strengthening human resources training, he said.
Liem underscored the provincial government’s commitments to speeding up administrative reform to ensure procedures are transparent and simple, and developing high-quality services to meet investors’ production and business needs as well as its urban industry growth.
Binh Duong vowed to ensure social security, safety and order, he added.
During the meeting, representatives from the RoK Business Association and RoK enterprises in the province voiced obstacles facing them, including a lack of international schools for their children, the slow reply of some departments and agencies to their questions, and the difficulty and high cost of transportation.
According to Nguyen Thanh Truc, Director of the provincial Planning and Investment Department, Binh Duong has so far attracted 2,713 foreign-invested projects with a total capital of around US$25 billion.
The province has nearly fulfilled the yearly target of FDI attraction, he said, adding that a total of over US$1.14 billion in FDI has been licensed for 126 new and 68 projects underway in the first half, a rise of over 12.5% year on year.
The RoK is currently the third largest investor in Binh Duong with 569 projects totalling US$2.25 billion. In the first six months of this year, RoK investors have invested in 27 new projects and added US$155.2 billion in 13 projects underway in the locality./.