RoK hands over new facilities to Vinh Phuc
Businesses from the Republic of Korea (RoK) currently operating in Vietnam’s northern province of Vinh Phuc have funded the construction of several community facilities in the locality.
The ceremony to hand over the public works to the local authorities was held in the province on November 7, as part of a series of activities marking the 20th anniversary of the establishment of diplomatic ties between the two countries.
The VND2.6 billion funded by the RoK’s Trade and Investment Promotions Department and 10 private companies have helped the province build five houses for the poor, upgrade three nursery schools as well as a selection of other socially orientated projects.
Addressing the event, Deputy Minister for the RoK’s Ministry of Knowledge Economy Han Jin Hyun said he hoped that similar social activities will be applied to 2,700 other enterprises currently operating in Vietnam .
The Chairman of the provincial People’s Committee, Phung Quang Hung, said that Vinh Phuc will continue to offer the best possible conditions for the RoK’s companies in particular and foreign firms in general to carry out business effectively in the province.
The RoK is the second biggest overseas investor in Vietnam. By September 2012, it had poured more than US$24 billion into over 3,000 projects in the Southeast Asian country, of which 41 projects, worth US$241 million, are in Vinh Phuc.