He recognised significant contributions of Korean firms to the local social-economic development, adding that the RoK came third among 62 countries and territories pouring investment in Binh Duong.
More than 630 enterprises from the RoK have been investing in Binh Duong with a total capital of nearly US$3 billion, he noted.
In the first six months of 2017, the RoK’s investment continued to pour into 16 new projects whilst 17 existing ones registered to increase capital of US$306 million.
He highlighted the RoK’s major investment projects such as the car tire production worth US$220 million of the Kolon Industries and the apparel production worth US$25 million of the Sewang garment-textile company.
Sung Il-mo said his group has annual revenue of over US$5.5 billion and specialises in manufacturing automobile spare parts.
Manando will continue exchanging views with local authorities after this field trip to make investment in Binh Duong as soon as possible, he added.
The same day, the RoK business delegation visited some local factories and met with leaders from Binh Duong Investment and Industrial Development Corporation (Becamex).