Lang Son province wants to attract Korean investors: official
Chairman of the People’s Committee of the northern province of Lang Son Ho Tien Thieu worked with representatives of companies and groups from the Republic of Korea (RoK) to discuss the implementation of Ho Son 1 industrial cluster project in Huu Lung district.
Part of Lang Son city in the northern province of Lang Son. (Photo: VNA)
Lang Son (VNA) – Chairman ofthe People’s Committee of the northern province of Lang Son Ho Tien Thieu worked with representatives of companies and groups from the Republic of Korea (RoK)to discuss the implementation of Ho Son 1 ♋industrial cluster project in Huu Lung district.
Speaking at the meeting, Thieu informed the guests about the province's socio-economic development, incentives, andsupport policies that the province has offered to investors and the process of land clearancefor the 73.7-ha industrial cluster project. It is expected that the province willtransfer the whole ground to the investor to implement the project by June 2024, he said. President of TLB Group Baek Seong Hyeon said that the group learns about Lang Son's preferential policies for foreign investors such as corporate income tax incentives; value added tax, import tax, import of machinery to create fixed assets; procedures for certifying high-tech enterprises and incentives for high-tech enterprises. The group plans to lease 5 ha in the industrial cluster to build an electronic component factory. President of SEP Group Dong Hoon Hyun saidthat the group wants to learn about policies and mechanisms for developingcarbon-neutral industrial zones and clusters, particularly Lang Son's policiesrelated to planning, land use, and construction of a waste-to-power plant.
Thieu emphasisedthat Lang Son is an important bridge in the economic and trade connectionbetween Vietnam, ASEAN countries, and China. Currently, besides attractinginvestment in border gate economic zones, the province is focusing onattracting investment in industrial clusters and parks.
To attract investment, along with thepreferential policies that the Govern𝕴ment of Vietnam offers, Lang Son provincealso has additional prefer𓂃ential policies to support investors.
He affirmed that Lang Son province invitesand hopes to cooperate with investors, including those from the EoK, in different fields. The province pledged to accompanyinvestors, and create the most favourable conditions for investors throughoutthe process of implementing investment, production, and business activities, the official stressed./.
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Part of Lang Son city in the northern province of Lang Son. (Photo: VNA) 
