Bac Ninh pledges favourable conditions for foreign firms

Update: 10:12 | 27/09/2019

The northern province of Bac Ninh always creates the best possible conditions and promptly tackles obstacles for foreign enterprises, including those from the Republic of Korea (RoK), stated a local leader.

Chairman of the provincial People’s Committee Nguyen Tu Quynh made the affirmation while receiving a visiting business delegation from Gumi city of the RoK on September 26.

Quynh took the occasion to introduce Bac Ninh’s socio-economic development in the past time.

Bac Ninh province, favourable conditions, foreign firms, business delegation, socio-economic development, preferential investment attraction

Chairman of the Bac Ninh People’s Committee Nguyen Tu Quynh (R) and Jo Jung Moon, chairman of Gumi city’s chamber of commerce.

The province is ranked 4th and 2nd nationwide in terms of economic scale and production value, respectively. It is home to 16 industrial parks. About 1,400 foreign-funded companies from 34 countries and territories are operating in the province, with their investment totalling 18.2 billion USD. Those included 900 from the RoK, with total investment exceeding 12 billion USD.

Bac Ninh is working to improve its business climate and hopes Korean investors will expand their operations in the province, the official said.

Jo Jung Moon, chairman of Gumi city’s chamber of commerce, said Gumi is a large industrial city that is located in the key development area and plays a key role in export of the RoK.

He lauded Bac Ninh’s preferential investment attraction policy for Korean firms, including those from Gumi. He wished the local authorities will continue facilitating the group in the coming time.

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Source: VNA

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