Bắc Ninh hopes to attract more Korean investment

SEOUL — The northern province of Bắc Ninh is rolling out the red carpet for Korean investors, pledging to create the best conditions for firms of all sizes to invest in the province, Chairman of the provincial People’s Committee Nguyễn Tử Quỳnh has said.

At an investment promotion conference held in Seoul, the Republic of Korea (RoK), on Wednesday, Quỳnh said Korean firms are the locality’s largest partners, with 824 projects valued at more than US$12 billion, accounting for 19.4 per cent of all Korean investment in Việt Nam.Noting renowned investors in the province like Samsung, Hanwa, and Techwin, he attributed their successful operations to the locality’s favourable business climate and transport system, well-developed communication infrastructure, as well as high-quality human resources, among others.Attending the conference, Vietnamese Ambassador to the RoK Nguyễn Vũ Tú spoke highly of the Việt Nam-RoK relations, particularly in investment, trade, tourism and people-to-people exchange.Good political ties and people-to-people exchange have laid the foundation for strong trade, he affirmed.The Korean government is carrying out its 'New Southern Policy' to bolster collaboration with the ASEAN bloc, with Việt Nam a prioritised partner, he said, adding that the Vietnamese Government has outlined various preferential policies to encourage foreign firms, including those from the RoK, to invest in the country.Hundreds of Korean investors and journalists attending the conference were informed of Việt Nam and Bắc Ninh Province’s policies for foreign investors.—VNS