Illustrative image (Source: VNA)

Binh Duong (VNA) – Chairman of the People’s
Committee of southern Binh Duong province Tran Thanh Liem has pledged all
possible support to investors, including those from the Republic of Korea (RoK). 

During a meeting on August 16 between representatives of the
Binh Duong People’s Committees and RoK enterprises, Liem said the province will
rally resources for socio-economic infrastructure regarding transport, water
supply, electricity and environment protection while expanding industrial
zones, providing qualified workforce for firms and building social houses for

Binh Duong is committed to accelerating administrative
reform and developing high-quality services to meet demand for industrial and
urban development, he said, adding that attention will also be paid to ensuring
political security and social safety and order.

Korean investors proposed issued involving local social
security and order, public housing for Vietnamese workers and entertainment
services for foreign experts working in Binh Duong.

Nguyen Thanh Truc, Director of the provincial Department of
Planning and Investment, said the total foreign direct investment (FDI) in Binh
Duong surged 51 percent annually in the first half to more than 1.7 billion
USD, or 123 percent of the yearly plan, including 97 new projects worth 1.03
billion USD and 62 others registering additional capital worth 670 million USD.
Up to 92.5 percent of capital inflows were recorded in industrial parks.

As of June 30, 2017, Binh Duong lured 2,946 foreign-invested
projects with a total registered capital of 27.4 billion USD, ranking second
nationwide in terms of FDI attraction, only behind Ho Chi Minh City. The RoK
was the third largest investor in the province, behind Taiwan (China) and
Singapore, with 619 projects valued at nearly 2.7 billion USD.

In the first six months this year, Korean investors poured
306 million USD into 16 new projects and 17 others underway, notably 220
million USD into Kolon Industries’ automobile tire cord and airbag factory in
Bau Bang industrial park, 25 million USD into Sewang apparel factory and 12
million USD into HuynJin paper and plastics plant in Vietnam-Singapore
Industrial Park II.-VNA