On the morning of December 2, the People's Committee of Thai Binh province organized the Thai Binh - Korea Investment, Trade and Tourism Promotion Conference in 2023. Notably, the conference was attended by former President of Korea, Mr. Lee Myung-bak, along with representatives of ministries, branches and leaders of enterprises and corporations of this country.
Thai Binh "rolls out the red carpet" to invite Korean investors
Chairman of Thai Binh Provincial People's Committee - Mr. Nguyen Khac Than - said that this important event opens up many new development opportunities and new relations in investment cooperation between Vietnam - Korea in general and between Thai Binh province and Korean partners in particular.
Over the years, Thai Binh has been assessed as a dynamic locality with many distinct potentials and competitive advantages; the space and opportunities for cooperation between Korean investors and Thai Binh province are still very large. The province always has special affection and the most open policies to welcome Korean enterprises to invest.
“Thai Binh is also a province with advantages in land fund for industrial development, with 10 industrial parks (including 4 industrial parks in economic zones) and 49 industrial clusters in 7 districts and cities; the total area of nearly 3,000 hectares has been cleared and infrastructure built, always ready to welcome investors. In particular, the most prominent and attractive is the Thai Binh Coastal Economic Zone with an area of 30,583 hectares, with 22 industrial parks with an area of 8,020 hectares and many preferential policies and mechanisms,” Mr. Than emphasized.
Mr. Than shared that Thai Binh wishes and respectfully invites Korean enterprises to come to research and survey investment opportunities and business cooperation in the fields of: High-tech industry, mechanics, processing industry, electronics, mechanics, supporting industry; pharmaceuticals, cosmetics, tourism...
The province is committed to creating a transparent, equal, and attractive investment and business environment; creating the best conditions for investors.
At the conference, Vice Chairman of the National Assembly Nguyen Khac Dinh assessed that in recent years, the investment and business environment of Thai Binh province has improved significantly; administrative discipline and order have been strengthened; working methods and styles have been innovated, creating strong and positive changes.
Thai Binh has advantages in geographical location, abundant young human resources with basic training; large land area for industrial development; infrastructure, inter-regional transportation network continues to be invested... These are attractive factors for Korean investors to feel secure when coming to the province.
Korea wants to be a good friend and good partner with Vietnam.
Attending the conference, former President Lee Myung-bak shared many touching stories about the friendship between Vietnam and South Korea. He also highly appreciated the event and the way Thai Binh expressed its investment strengths.
According to Mr. Lee Myung-bak, in the context of the rapidly changing and complex world situation, the relationship between the two countries continues to develop. In 2022, the two countries upgraded their relationship to "Comprehensive Strategic Partnership". Korea continues to hold the No. 1 position in foreign direct investment in Vietnam, with a total capital of 80.5 billion USD; trade turnover reached 88 billion USD in 2022 alone.
The 17th President of South Korea emphasized: "The two countries have become good friends, good partners and good in-laws. There is still a lot of room and potential for the two sides to cooperate, support each other and develop together. We need to build this relationship like building a deep and lasting "love affair".
"I highly appreciate the Korea Desk Thai Binh model. This is a very effective model of promoting and supporting investment from Korea and has brought many positive results in attracting investment from Korean enterprises. Thereby, enhancing the attractiveness of Thai Binh in the eyes of local Korean enterprises," Mr. Lee Myung-bak affirmed.
In response, Thai Binh Provincial Party Secretary Ngo Dong Hai wished to continue to foster the good "relationship" between the locality and Korean investors.
Thai Binh hopes that former President Lee Myung-bak will convey the message of a dynamic, open land with rich investment potential to Korean businesses. Through that, the Korean investment community will want to tie the knot with Thai Binh through large investment projects in many fields.
For Thai Binh province, Korea has always been a reliable and important partner in many fields. Through the conference, Thai Binh province leaders hope to promote deeper cooperation with Korean enterprises in three major areas: Investment - Trade - Tourism, creating an important premise for the long-term relationship between the two sides.
Up to now, there are 27 projects of Korean investors operating in production and business in Thai Binh.
Also within the framework of the conference, Thai Binh province granted investment certificates to 3 projects, worth 130 million USD of Korean investors. On this occasion, localities and enterprises of Thai Binh and Korea signed cooperation agreements in the fields of culture, investment, education, trade...
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