Rubber latex being preliminarily treated for
manufacturing auto tires at Kumho factory
So far, Binh Duong province has absorbed 1,958 FDI projects with a total registered capital of nearly US$13.4bln. Among them, there are 462 Republic of Korea (RoK)-funded projects capitalized at more than US$1.5bln, ranking second in investment capital among countries and territories investing in Binh Duong.
Rok-funded projects in the province have seen growth in both quantity and quality in recent years, according to Huynh Van Trai, director of provincial Department of Planning and Investment. This statement is suitable to the real situation as the province has attracted more Rok-funded projects with the great investment capital like the US$200mln-tire factory project of Kumho Asiana Group in the My Phuoc 3 Industrial Park. Or, the project of Panko Garment-Textile Group in the My Phuoc 1 Industrial Park has so far developed 5 workshops with more than 18 ha in total and more than 3,300 workers.
Other great project of Rok is the US$13.5mln-plastics factory in the My Phuoc 2 Industrial Park, specializing in plastic wrapping for the pharmaceutical and foodstuff industries. Its capacity is now 12,000 tons of products per year and will be raised to 30,000 tons per year by 2012. Sunwood Vina Co.Ltd. under Sun Change ITS Corp., renowned for manufacturing wooden interior decorations in Rok, is also building a factory in the Bau Bang Industrial Park. The factory covers 3ha with a total investment capital for the first phase at more than US$4mln…
According to Mr.Trai, the province will be further an attractive destination for investors, including Rok ones. The province now works out some key projects such as the provincial Integrated Administrative Center, the My Phuoc-Tan Van Highway…Along with a good investment climate, all these elements will open opportunities for investors with industries, many of them are the strong points of Rok investors
Song Ghi Hwan, General Director of Sunwood Vina Co.Ltd. and Jeon Sang Pyo, CEO of Hyunjin Corp. spoke highly of Binh Duong’s investment climate. In a recent meeting with provincial leaders, Paik In Ki, chairman of the Public of Korea’s Business Association in the province also had the same idea with the above businesses and said that his association would further uphold the role as a bridge between Rok businesses and Binh Duong…
At the meeting, provincial vice-chairman Le Thanh Cung lauded Rok businesses for their investment in the province, contributing to the province’s development. Leaders of the provincial sectors and departments also gave satisfactory answers on the issues of workforce, electricity, investment policies… to Rok businesses.
Reported by Trong Minh-Translated by K.T
