The conference was sponsored by the Vietnamese Embassy in South Korea, in coordination with Saigon Telecommunications Technology Joint Stock Company – Saigontel and other organizations and businesses from Vietnam and South Korea.
Chairman of Long An Provincial People’s Committee Nguyen Van Ut delivering a speech at the conference.
The conference was attended by Central Committee of the Communist Party Member, Secretary of Dong Nai Provincial Party Committee Nguyen Hong Linh; Vice Chairwoman of Provincial People’s Committee Nguyen Thi Hoang and leaders of several departments, agencies, and units in Dong Nai. Chairman of Long An Provincial People’s Committee Nguyen Van Ut and representatives of provincial departments and agencies were present on behalf of Long An. Vietnamese Ambassador to South Korea Vu Ho attended the event.
The conference was also attended by leaders from the Ministry of Planning and Finance; Ministry of Land, Infrastructure, and Transport; and representatives of over 100 major South Korean enterprises and corporations.
Representatives from Long An and Dong Nai Provincial People’s Committees introduced the potential investment environment in the two provinces in the key economic region of Southern Vietnam, which has a developed infrastructure and is one of the most dynamic economic regions in Vietnam. The two provinces also introduced their socio-economic development plans and orientations, as well as areas for investment attraction, such as infrastructure, energy, environment, and industrial parks to Korean investors.
Speaking at the conference, Chairman of Long An Provincial People’s Committee Nguyen Van Ut said that, in line with the development of bilateral cooperation between Vietnam and South Korea, Long An has proactively implemented many programs and activities to further strengthen the cooperative relationship with South Korean localities, organizations, and enterprises in various fields. Long An has signed memorandums of understanding on economic, cultural, and social development cooperation with three localities in South Korea. South Korea is currently one of Long An’s major partners, ranking third out of 40 countries and territories with foreign direct investment in the province, with registered capital of over 975 million USD for 208 projects. South Korean enterprises have made significant contributions to promoting export growth, trade surplus, and socio-economic development in Long An.
Signing and exchange of investment cooperation agreements between Korean-Vietnamese enterprises witnessed by Secretary of Dong Nai Provincial Party Committee Nguyen Hong Linh (center).
Mr. Nguyen Van Ut said that with the goal of becoming a dynamic, efficient, and sustainable economic development center in the Southern region by 2030 and a leading industrial development province in the country by 2050, Long An hopes that this investment promotion conference in South Korea will be a special opportunity for Long An to introduce its potentials and investment opportunities to Korean enterprises and partners. Long An expects that with the strengths and experience of Korean enterprises combined with the province’s existing potential and advantages, along with the support and cooperation of the government in striving to create a transparent, safe, and effective investment environment, it will contribute to creating breakthrough successes, ensuring mutual benefits for both parties.
At the conference, Vice Chairwoman of Dong Nai Provincial People’s Committee Nguyen Thi Hoang gave an overview of Dong Nai province, highlighting its favorable conditions for socio-economic development. Dong Nai is one of the six leading provinces and cities in Vietnam in economic development for many years, and the province always strives to achieve GRDP growth higher than the national average, playing an important role in the key economic region of Southern Vietnam. To date, Dong Nai has attracted investment from 46 countries and territories with over 1,600 projects and a total capital of 34.65 billion USD. South Korea is the leading country in terms of the number of projects and total investment capital in the province, with 421 projects and a total registered capital of 7.26 billion USD. South Korean enterprises have made significant contributions to the province’s socio-economic development, creating jobs for workers, and promoting the development of industry, trade, and services, especially supporting industries in Dong Nai.
Signing and exchange of investment cooperation agreements between Korean-Vietnamese enterprises.
This investment promotion conference initiated investment trends of Korean enterprises in areas with high potential, such as high technology, energy, semiconductors, and environment in areas with many advantages and ready infrastructure, such as Dong Nai and Long An.
