Bac Giang seeks to facilitate RoK businesses
Authorities of the northern province of Bac Giang and investors from the Republic of Korean (RoK) met to discuss boosting investment on October 26.
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They suggested Bac Giang build waste treatment systems, upgrade the power grid and roads to aid enterprises, simplify administrative procedures for Korean workers and zone off areas for new factories.
Nguyen Van Linh, Chairman of the provincial People’s Committee, lauded the contributions of RoK businesses to developing the province.
He called on RoK investors to consider employing more Bac Giang students to work at their enterprises and hoped they will use services provided by the International Logistics Centre to be set up in Bac Giang city.
He also asked them to protect the environment.
The Korean business representatives praised incentives offered by local authorities to tackle difficulties and support operations.
Heng Ok Song, Director of Hana Kovi Inc Company, expressed his desire for more meetings to exchange opinions with local authorities.
Bac Giang is now home to 250 foreign-funded projects with total capital exceeding 3.1 billion USD from 14 countries and territories. The RoK has 151 projects with 559 million USD of total capital in the province, focusing on manufacturing industry, import-export activities and merchandise distribution.
In 2015, RoK firms earned nearly 20 trillion VND (899 million USD), exported 580 million USD worth of products and contributed over 670 billion VND (30.2 million USD) to the State budget.
To date, RoK businesses in Bac Giang have provided jobs for more than 41,000 people.
During the meeting, local leaders presented a certificate of investment license to the investor of the Hoa Phu Industrial Zone project in Hiep Hoa district.
