RoK Ambassador Im Hong Jae made the statement when visiting the Red River Delta province on December 23.

At present, 76 out of 176 foreign investment projects in Hung Yen province are invested by the RoK with a total registered capital of US$352 million, said Nguyen Van Cuong, Chairman of the provincial People’s Committee.

Of these projects, 51 have been put into operation, attracting 8,400 local workers, Cuong added.

Hung Yen is an investment destination that has potential and strength, while local authorities are providing RoK investors with favourable conditions to do their business there, the ambassador said.

He said he hopes that RoK enterprises will contribute more to Hung Yen socio-economic development, while the province will further facilitate RoK enterprises’ investment expansion in the locality.

Hung Yen province is home to five licensed industrial parks covering 1,470 ha. Three others are under construction.

The province will develop 14 more industrial parks to meet investors’ demand from now until 2020.