Korean firms seek business opportunity in Bac Ninh

(VOV) -A delegation from the Republic of Korea’s Jeonju city paid a working visit to Bac Ninh province on October 17 with the aim of learning investment environment and seeking business opportunity in the locality.

The delegation was led by Cho Young Jun, Representative of Korean Chamber of Commerce & Industry (KCCI) in Vietnam.

korean firms seek business opportunity in bac ninh hinh 0

The provincial vice chairman Nguyen Luong Thanh said that with its potential in various fields and friendly investment environment, Bac Ninh has become a leading province which attracts a huge number of world’s large economic enterprises, including Korean businesses.

In the first 9 months of 2014, the province licensed certificates to 111 foreign direct investment (FDI) enterprises with a total capitalisation of over US$1.3 billion, including 82 RoK enterprises with combined investment of US$1.25 billion.

Currently, there are 220 RoK enterprises operating in the province, contributing significantly to the value of industrial production, creating jobs for local workers, thus, promoting the province’s socio-economic growth.

Thanh stressed that Bac Ninh will create favourable condition and ensure security to help businesses effectively operate in the locality, hoping that the Korean delegation will continue to choosing the province as its ideal investment destination.

The Jeonju city’s enterprises highly appreciated investment environment in Bac Ninh province, confirming that this visit will be an opportunity for RoK investors to comprehend the investment opportunity better.

After the meeting, the RoK delegation also visited REFTECH limited company and VSIP industrial park in Bac Ninh province.