Korean investment
ranked 5th among countries and territories investing in Binh Duong, mainly in
the fields of textiles, leather shoes, manufacturing products to support the
automotive, medical, cosmetic industries and food processing…
According to Binh
Duong Department of Planning and Investment, since the beginning of the year,
Binh Duong has attracted nearly 1.45 billion USD of foreign direct investment
(FDI), increase by 70% compared to the same period last year.
Accumulated until now,
Binh Duong ranked 3rd in the whole country (after Ho Chi Minh City and Hanoi)
in attracting FDI with over 3,650 projects from 64 countries and territories,
with a total registered capital of 33.93 billion USD.
Notably, Korean
enterprises have more and more investment projects, contributing positively to
socio-economic development of Binh Duong. Among more than 3,650 FDI projects in
Binh Duong, Korea ranked 5th with more than 800 projects, with a total
investment of nearly 3.2 billion USD. Korean businesses operate mainly in the
fields of textiles, leather shoes, manufacturing products to support the
automotive, medical, cosmetic and food processing industries…
From the beginning of
the year until now, the project to expand investment with the largest
registered capital in Binh Duong is from a Korean enterprise.
Specifically, the
project of KyungBang Vietnam Co., Ltd in Bau Bang Industrial Park, registered
capital increased by 84 million USD, bringing the total registered investment
capital to 179.2 million USD.
According to the
Chairman of Binh Duong People’s Committee, the results of FDI attraction in
Binh Duong are due to the positive contributions of the people and the foreign
business community, including the contributions of Korean enterprises.
Therefore, the
difficulties that Korean enterprises raised about human resources, problems in
the investment process, technology, procedures for selling projects, machinery
and equipment, changing the owners’ names, transfer of capital… Or, petitions
on building more hospitals, applying health insurance for foreigners; opening
Korean language teaching centers in colleges and universities in the province;
set up e-mail system to solve difficulties in the province… Binh Duong People’s
Committee will officially reply by documents for enterprises to thoroughly
resolve petitions. At the same time, relevant departments must coordinate in
strengthening the links between schools and businesses to focus on addressing
the problem on lack of high quality human resources…
Besides, Binh Duong
will concentrate resources to complete the socio-economic infrastructure system
such as transportation, water supply, electricity, environmental treatment… to
carry out planning to expand industrial parks, creating a clean land fund to
attract investment.
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