(BNP) - At noon on November 24, at the headquarters of the Provincial People's Committee (PPC), PPC’s Chairman Pham Hoang Son received and worked with the Representative Office of Korea Land Corporation (LH) in Vietnam led by Mr. Lim Hyun-Seong, Head of LH Representative Office in Vietnam, who researching and promoting investment in the province.
PPC’s Chairman Pham Hoang Son (5th from right) takes a souvenir photo with the delegation.
During the meeting, Mr. Lim Hyun-Seong stated that LH Group is a state-owned unit under Korea's Ministry of Land, Infrastructure, and Transport that was founded in 2010 and has a legal capital of KRW 40 trillion (USD 29 billion). This is Korea's leading enterprises in urban and industrial park building, with over 120 thousand apartments per year.
In Bac Ninh, LH Group is conducting surveys and developing documents to propose the province to approve the investment policy of the Southeast urban area project with a total estimated investment capital of VND 19,780 billion, a total area of about 240 hectares in Vu Ninh, Phuong Lieu, Nhan Hoa wards.
Chairman Pham Hoang Son (right) informs about the situation of attracting FDI investment in Bac Ninh province recently.
Mr. Lim Hyun-Seong congratulated Chairman of the Provincial People's Committee Pham Hoang Son on his new move to Bac Ninh for work. At the same time, he hoped that in his new position, the Chairman of the Provincial People's Committee would continue to pay attention to supporting and creating conditions to promote the construction progress of the Southeast urban area project in Bac Ninh as well as investment research and promotion activities in the province.
Chairman of the People's Committee of Bac Ninh province Pham Hoang Son expressed his confidence in the potential and experience in the field of housing construction of LH Group. He said that, in Bac Ninh, South Korea is the province's leading strategic partner in attracting FDI capital. The total number of investment projects from Korean partners to date is 1,141 projects with a total registered investment capital after adjustment reaching over USD 15.7 billion, ranking 1st in total FDI capital attracted among 42 countries and territories with investment projects in the province.
The Chairman believed that with the Group's potential and experience in the field of housing construction, the two sides would cooperate to build a traffic-oriented urban area, sustainable development with high-quality housing and industrial infrastructure in the coming time, thereby, contributing to strongly promoting the province’s socio-economic development.
Delegates attend the meeting.
At the same time, Bac Ninh province hoped to continue to receive maximum support and companionship from LH to promote the application of smart urban solutions as well as act as a bridge to connect and bring Korean enterprises to survey and invest in the province.
The province is committed to accompanying, providing maximum support, promptly resolving recommendations, difficulties and problems, creating the most favorable environment for all FDI enterprises, including Korean enterprises, to operate effectively and long-term in the province, contributing to fostering the increasingly strong friendship and cooperation between the two countries of Vietnam and Korea, Chairman of the People's Committee of Bac Ninh province Pham Hoang Son affirmed.
