Korean enterprises invest 100 million USD in Binh Dinh

Korean enterprises poured 100 million USD to invest in energy and garment export projects in Binh Dinh’s industrial parks and economic zones.

In the past two days, the Ministry of Foreign Affairs in collaboration with the People’s Committee of Binh Dinh Province and the Embassy of the Republic of Korea in Vietnam organized many events “Meet Binh Dinh – Korea 2022” with the theme of joint development.

Xuc tien dau tu Binh Dinh anh 1

Xuc tien dau tu Binh Dinh anh 1

Secretary of Binh Dinh Provincial Party Committee Ho Quoc Dung, said that in recent years, the Korean Government has sponsored the project “Supplying medical equipment to Quy Nhon City Medical Center nearly 3.5 million USD; the project “Vietnam – Korea Peace Village” with the aim of surveying and reviewing land contaminated with landmines; support human resources, equipment to serve the development of education, health, culture – society… in the area.

“So far, Korean businesses have invested about 100 million USD in energy projects and garment exports. These projects contribute to creating jobs, increasing revenue for the local budget, and improving the quality of people’s lives, contributing to the province’s socio-economic development”, Mr. Dung said.

Finance Minister Ho Duc Phoc affirmed that this is an important forum for Vietnam – Korea to understand each other, opening up great opportunities to attract investment in Binh Dinh province.

This province has many advantages with a deep seaport, an airport, a coastal road and is the intersection of provinces in the Central Highlands axis. This is the ideal land for investment.

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According to Mr. Phoc, in 2021, Vietnam’s import and export turnover will reach 670 billion USD, of which South Korea is the third-largest country.

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Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu emphasized that the cooperation relationship between the two countries Vietnam and South Korea is at a good stage: “I believe that the two countries will continue to improve the quality of economic cooperation. trade and investment; strive to soon complete the target of bilateral trade turnover reaching 100 billion USD by 2023 and 150 billion USD by 2030.”

@ Zing News

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