Thanh Hoa attracts more investment from RoK businesses
The central province of Thanh Hoa is ready to create favourable conditions for them to invest in the locality.
Trinh Van Chien Chairman of the provincial People’s Committee was speaking at a conference in Thanh Hoa city on April 16 to promote investment and trade with RoK businesses.
The province will continue improving its investment environment and infrastructure system, training human resources and developing support industry, he said.
At the conference, the Thanh Hoa Institute of Planning and Architecture and the Hong Duc Education Equipment Joint Stock Company signed memorandums of understanding (MoU) on investment and business cooperation with the RoK’s Heerim Architects & Planners and Cloz Companies.
The same day, the Thanh Hoa provincial People’s Committee and the authorities of Seongnam city also signed a MoU which the two sides will boost cooperation in the fields of economics, ecology, culture, health, sports, education, tourism, technology and infrastructure.
In 2013, the RoK city will send a delegation of experts to help Thanh Hoa build Lam Son – Sao Vang Hi-tech Park in Tho Xuan district.
The two sides will speed up the signing of cooperation agreements between their small- and medium-sized enterprises, universities, and cultural and educational organisations.
Thanh Hoa ranks sixth in the country in attracting foreign direct investment (FDI) with a total of US$16 billion. At present, the RoK has eight FDI and three ODA projects in the province.