Binh Duong welcomes boost in investment from RoK
The Republic of Korea (RoK) has emerged as a key investment partner of the southern province of Binh Duong, said Permanent Vice Chairman of the provincial People's Committee Mai Hung Dung.
At a working session on May 13 with Lee Sung Hun, head of the Seo Daemun District Office in Seoul, Dung highlighted the RoK's investment worth US$4 billion, accounting for 10% of the total foreign direct investment in Binh Duong, solidifying its position as the fourth largest foreign investor in the province.
Lee, for his part, said the delegation is impressed by the development of Binh Duong and Di An city in particular.
He expressed his optimism that a newly signed friendly cooperation agreement between Di An and Seo Daemun will pave the way for further collaboration, with a particular focus on boosting their investment ties and economic growth.
With nine major universities and 30,000 businesses, Seo Daemun is an attractive destination for investors and enterprises, which will lay the foundation for a strong partnership and bring significant benefits to both Binh Duong and the RoK in the near future, he said.
The signing of the agreement between Di An and Seo Daemun on the occasion aimed to promote people-to-people exchange and socio-economic cooperation.
