Chairman of the Binh Dinh People’s Committee Ho Quoc Dung speaks at the conference (Photo: VNA) Seoul (VNA) – The central province of Binh Dinhintroduced its potential and advantages to businesses of the Republic of Korea(RoK) on May 28 with a view to attracting investment from this Northeast Asiannation.
The conference to promote the RoK’s investmentin Binh Dinh was held at the headquarters of the Korea Industrial TechnologyAssociation in Seoul, drawing representatives of about 100 Korean businesses.
Chairman of the Binh Dinh People’s Committee HoQuoc Dung said the potential and advantages of his province match RoKinvestors’ investment and business demand. It also shares cultural similaritieswith the RoK. Therefore, Binh Dinh has chosen the RoK, a dynamic and developedeconomy, to be the next step in its investment attraction plan.
He called on RoK firms to invest in the fieldsBinh Dinh has demand for such as electronic component production, seaport andindustrial park infrastructure, energy, tourism, and fisheries.
He affirmed that all economic sectors aretreated equally, and every enterprise is provided with favourable conditions inaccessing information about policies, mechanisms, planning, and investment andbusiness opportunities in Binh Dinh, a Vietnamese central coastal province fullof potential and hospitality.
On this occasion, the official also asked theparticipants to help his province popularise its potential and advantages totheir friends, colleagues and other RoK investors.
At the conference, Vietnamese Ambassador to theRoK Nguyen Vu Tu said the Vietnam-RoK strategic cooperative partnership isflourishing in all spheres.
The RoK is currently the biggest investor inVietnam with total investment capital of more than 58 billion USD through lastApril. Bilateral trade surpassed 60 billion USD in 2017, making the RoK thesecond largest trade partner of Vietnam and Vietnam the fourth largest tradepartner of the Northeast Asian nation.
He noted that the fine political relationshipand close people-to-people ties are the factors helping to ensure bilateraleconomic cooperation.
In 2017, Vietnam welcomed 2.5 million RoKtourists while the number of Vietnamese visitors to the RoK grew by over 70percent. Each country has more than 150,000 citizens living in the other nationat present, Tu added.-VNA
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