Thai Binh becomes more attractive to RoK firms

Monday, 2021-12-13 21:47:20
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Representatives of the RoK businesses attend the conference. (Photo: VNA)
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NDO/VNA - A conference to promote investment from the Republic of Korea (RoK) in the northern province of Thai Binh was held online on December 13 by the Vietnamese Embassy in the RoK, the Korea Chamber of Commerce and Industry (KCCI) and the provincial People’s Committee.

Speaking at the event, Chairman of the provincial People’s Committee Nguyen Khac Than spotlighted Thai Binh’s advantages of abundant human resources, synchronous transport and infrastructure network, dynamic and innovative administration apparatus and a big land fund for agriculture development, saying that this is an attractive environment for RoK enterprises to set up large production bases in the locality.

The general planning of the Thai Binh Economic Zone was approved by the government in 2020. Enjoying the highest incentive mechanism, it is becoming more and more attractive to investors.

Notably, the Lien Ha Thai Industrial Park (Green iP-1) was selected as a pioneer and key industrial park in the zone, and a modelto create breakthroughs in attracting foreign investors, especially those from the RoK, Than said.

Representatives of Korean businesses attend the conference. (Photo: VNA)

At the event, the RoK businesses were updated on information related to land lease, energy supply, synchronous infrastructure construction plan, support policies of Thai Binh province for cooperation models between industrial human resources training institutions and enterprises, and issues regarding production, import and circulation of goods.

Thai Binh is now home to 24 RoK-invested projects worth about 83 million USD. Recently, more and more RoK investors have explored opportunities and decided to invest in the province.

So far this year, Thai Binh has attracted five foreign-invested projects with a total registered capital of 420 million USD, over 7 times higher than the same period last year.