(Engineering daily) Nguyen Anh Duong = The northern province of Bac Ninh is looking to lure more Korean investments, pledging to create the best conditions for both large corporations and small- and medium-sized enterprises to invest in the province, Chairman of the provincial People's Committee Nguyen Tu Quynh has said.
He said that Korean firms are the locality's largest partners, with 824 projects valued at more than 12 billion USD, accounting for 19.4% of all Korean investment in Vietnam.
Pointing out renowned investors in the province like Samsung, Hanwa, and Techwin, he attributed their successful operations to the locality’s favourable business climate and transport system, well-developed communication infrastructure, as well as high-quality human resources, among others.
The Korean Government is carrying out its New Southern Policy to bolster collaboration with the ASEAN bloc that the Vietnamese Government has outlined various preferential policies to encourage foreign firms, including those from the RoK, to land long-term investment in the country.
