Chairman of the provincial People's Committee Nguyen Van Linh (right) receives RoK delegation.

The Korean delegation was led by Park Soo-kwan, Vietnam's Honorary Consul General to Busan and included representatives from several businesses.

At the meeting, Park said he was pleased to be present in Bac Giang province to learn about some investment fields. He emphasized that his delegation would like to cooperate with Bac Giang province in a number of fields such as transportation, construction, health, mechanics and food processing. At present, some RoK corporations plan to carry out projects to build slaughterhouses in several countries.

He said he wants Bac Giang to introduce its potential and advantages so that Korean enterprises can seek investment opportunities here. Park also proposed the province provide information on preferential policies for businesses and prices of land for lease in industrial zones...

Chairman of the provincial People's Committee Nguyen Van Linh (right) talks to Korean business delegation. Photo: BGP / Nguyen An.

Chairman of the provincial People’s Committee Nguyen Van Linh introduced the Korean delegation to the province’s potential, strengths and socio-economic development. Currently, Bac Giang has 530 projects of investors from 14 countries. Of these, 225 were from RoK investors. 

Korean companies have contributed to generating jobs and increasing budget revenue for the province. Bac Giang has many advantages as it boasts 1.2 million pigs, ranking fourth in the country and 14 million head of poultry, ranking third nationwide, mainly chicken. Therefore, cattle and poultry supplies for processing are quite abundant. 

However, there are no modern processing plants with high capacity in the province. The provincial leader wished that Korean companies will invest in this area and boost linkages in selling products for farmers. Bac Giang always welcomes and creates favorable conditions for enterprises to land investments for local sustainable development. 

Linh expressed his hope that in the coming time, he will have chances to take Korean enterprises to visit and directly survey some areas. Regarding investment incentives, the Chairman of the provincial People’s Committee stated that, like other provinces in the country, Bac Giang is exempting 100 percent of the tax for enterprises investing in industrial zones in the first two years, and 50 percent in the four following years. 

Korean business delegation poses for a photo with leaders of Bac Giang province. Photo: BGP / Nguyen An.

At present, some industrial zones have completed land clearance, staying ready to hand over clean land to investors for their timely construction of factories and early operation. He stressed that the province would direct departments and sectors to promptly and quickly solve problems and procedures to help investors implement projects smoothly.

Some Korean companies said they would consider investing in the province in a number of suitable areas. On the same day, the RoK delegation visited some IZs and Korean enterprises operating in the province.

Minh Linh