Long An and Dong Nai provinces organized investment promotion conferences in Korea

According to Vietnam News Agency correspondent in Seoul, on April 26, Long An and Dong Nai provinces coordinated to organize “Investment Promotion Conference – Potential and opportunities for infrastructure development in Long An and Dong Nai” in the capital city. capital Seoul (South Korea).

The conference is sponsored by the Vietnamese Embassy in Korea; coordination of Saigon-Saigontel Telecommunications Technology Joint Stock Company and Vietnamese and Korean organizations and businesses.

Attending the conference were Member of the Party Central Committee, Secretary of Dong Nai Provincial Party Committee Nguyen Hong Linh; Vice Chairman of the Provincial People’s Committee Nguyen Thi Hoang and leaders of a number of departments, branches and units in Dong Nai area.

On Long An province’s side, Chairman of the Provincial People’s Committee Nguyen Van Ut and representatives of the province’s departments and branches attended. Vietnamese Ambassador to Korea Vu Ho attended the event.

The conference was also attended by leaders of the Ministry of Planning and Finance; Ministry of Land and Infrastructure; Ministry of Transport and representatives of over 100 large Korean businesses and corporations.

Representatives of the People’s Committees of Long An and Dong Nai provinces jointly introduced the potential investment environment in the two provinces in the key economic region of Southern Vietnam, an area with developed infrastructure and an economic region. The most dynamic in Vietnam.

At the same time, the two provinces also introduced the province’s socio-economic development planning and orientation and investment attraction fields such as infrastructure, energy, environment and industrial parks to investors. Korea.

Speaking at the conference, Chairman of the People’s Committee of Long An province Nguyen Van Ut said that along with the development of bilateral cooperation between Vietnam and Korea, Long An province has proactively implemented many programs and activities to establish to further tighten cooperative relationships with Korean localities, organizations and businesses in all fields.

Long An province has signed a memorandum of understanding on economic-cultural-social development cooperation with three localities in Korea.

Currently, Korea is one of Long An’s major partners, ranking 3rd out of 40 countries and territories with direct investment capital in the province with registered capital of over 975 million USD for 208 projects.

Korean businesses have made important contributions to promoting export growth, trade surplus and socio-economic development of Long An.

Mr. Nguyen Van Ut said that with the development planning goal of becoming a dynamic, effective and sustainable economic development center of the Southern region by 2030 and becoming a leading industrial development province of the whole country, country by 2050, Long An hopes this investment promotion conference in Korea will be a special opportunity for Long An province to introduce potentials and investment opportunities to Korean businesses and partners.

Long An Province expects the strengths and experience of Korean businesses to combine with the province’s existing potentials and advantages, along with the support and companionship of the government in efforts to create an open investment environment. , safety and efficiency will contribute to creating breakthrough success, ensuring harmonious benefits for both parties.

At the conference, Vice Chairwoman of the People’s Committee of Dong Nai province Nguyen Thi Hoang introduced an overview of Dong Nai province with favorable conditions in socio-economic development.

Dong Nai is one of the 6 leading provinces and cities in Vietnam in terms of economic development for many years. The province always strives to achieve a growth rate of gross regional product (GRDP) higher than the national average. , plays an important role in the southern key economic region of Vietnam.

To date, Dong Nai has had 46 countries and territories invest in more than 1,600 projects and a capital of 34.65 billion USD. Korea is the leading country in terms of number of projects and total investment capital in the province with 421 projects and total registered capital of 7.26 billion USD.

Korean businesses have contributed significantly to socio-economic development, creating jobs for workers; Promote the development of local industry, trade and services, especially supporting industries of Dong Nai province.

Under the witness of the leaders of the two provinces, businesses participating in the conference signed and awarded investment cooperation agreements, notably the Memorandum of Cooperation between Saigontel and Samsung E&A Company on research intentions. Investing in projects in the field of environment in Dong Nai province and Long An province and Nam Tan Tap green industrial park.

Memorandum of Understanding between Saigontel and the Joint Venture of BHI and Orbis Companies on investing in an environmental restoration facility in Long An; Memorandum of understanding between Saigontel and Zenith Group on investment in developing Vietnam-Korea industrial sub-zone in Saigontel’s Tan Tap-Nam Tan Tap industrial park.

This investment promotion conference opens up the investment trend of Korean businesses in potential fields such as high technology, energy, semiconductors, and environment in areas with many advantages. and ready to meet infrastructure needs like Dong Nai and Long An./.