The dialogue saw the participation of Vice Chairman of the provincial People’s Committee Mai Hung Dung, Consul General of the Republic of Korea (RoK) in Ho Chi Minh City Shin Choong Il, and Vice Chairman of the RoK Business Association in Binh Duong Lee Bong Hee along with over 100 representatives from Korean businesses.
At the event, Korean enterprises proposed expanding the support services of the Business Support Centre under the provincial Department of Planning and Investment.
Representatives of local departments and agencies clarified many issues of concern of Korean enterprises including procedures for value-added tax (VAT) refunds, granting work permits to foreigners, construction licensing procedures, investment incentives, issues related to fire prevention and fighting regulations, and environmental protection.
Vice chairman Dung emphasised that Binh Duong will keep improving its investment environment through publicising administrative procedures and optimising procedure processing. The province is also committed to further investing in infrastructure, expanding and building new industrial parks, creating clean land funds, training high-quality labour, building social housing for workers and developing high-quality services.
Binh Duong is currently home to 4,356 projects from 65 countries and territories with a total registered capital of over US$42 billion.
The RoK is the fifth largest investor of the province with 775 projects and a total investment capital of over US$3.4 billion.
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