Korean businesses explore investment in Binh Duong province

10/27/2017 - 3:35:38 PM

Mando CEO and president Sung Il-mo, along with representatives of over 80 businesses from the Republic of Korea (ROK), had a working session with the authorities of the southern province of Binh Duong to explore investment cooperation opportunities on October 26.

The meeting between Binh Duong leaders and Korean businessmen

Chairman of the provincial People’s Committee Tran Thanh Liem said that the locality recorded an average annual growth rate of 8.5%. The industrial development index increases over 10% per year, while the foreign direct investment (FDI) stands at over US$27.9 billion, he cited.

He recognised the significant contributions made by the Korean firms to the local social-economic development, adding that the ROK came third among 62 countries and territories pouring investment in Binh Duong.

More than 630 enterprises from the ROK have been investing in Binh Duong with a total capital of nearly US$3 billion, he noted.

In the first six months of 2017, investment from the ROK continued to be poured into 16 new projects, whilst 17 existing projects registered to increase their capital, with a total of US$306 million.

He highlighted the ROK’s major investment projects, such as the car tire production worth US$220 million of Kolon Industries and the apparel production worth US$25 million of the Sewang garment-textile company.

Sung Il-mo said that his group has an annual revenue of over US$5.5 billion and specialises in manufacturing automobile spare parts.

Mando will continue exchanging views with the local authorities after this field trip to make investment in Binh Duong as soon as possible, he added.

The same day, the Korean business delegation visited a number of local factories and met with the leaders of Binh Duong Investment and Industrial Development Corporation (Becamex).

Source: NDO

Hoa Binh takes actions to connect markets, promote values of agricultural products

After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.

Luong Son district is determined to achieve the targets of double-digit growth

Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.

Issuing the certificates of the product safety in the supply chain for the establishments

Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.

Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.

Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.