16:10 | 08/09/2017 Economy
Binh Duong Chairman Tran Thanh Liem has said that the southern province will call for further investment in high-tech and non-polluting industries in the time ahead.
The statement was made at a reception for James Ha, CEO and president of Sae-A from the Republic of Korea on September 5 who is visiting the province to explore business expansion opportunities.
Chairman Liem said that besides the existing industrial parks, Binh Duong’s plans to open new zones in order to welcome more foreign investors have been approved by the central government.
He added that the total area of industrial parks in Binh Duong province will reach 14,000 hectares in 2020.
Liem pledged that the province will introduce even more incentives to attract foreign investment, especially through streamlining administrative procedures to best facilitate enterprises.
For his part, James Ha said he was impressed with Binh Duong’s development and informed the Binh Duong leader that the corporation is currently employing nearly 19,000 workers in Vietnam, of which 7,000 are in Binh Duong.
Ha said Sae-A is mainly focusing on clothing products but has plans to expand into electronics and high-tech industries.
According to the Binh Duong authorities, the Republic of Korea is the currently the third largest investor in the province, after Taiwan and Singapore, with US$2.69 billion invested in 619 projects.