Hung Yen province calls for investment from RoK

Thursday, 2017-04-13 05:11:12
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Chairman of Hung Yen provincial People's Committee Nguyen Van Phong speaks at the workshop (photo: VNA)
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NDO - The People's Committee of Hung Yen province, in co-ordination with the Korea Chamber of Commerce and Industry (KCCI), held a workshop in Seoul on April 13 to call on investors from the Republic of Korea (RoK) to invest in Hung Yen province.

KCCI Vice President Kang Homin said that many RoK enterprises are operating effectively in Hung Yen and this workshop will be a good opportunity for RoK enterprises to have a better understanding about the province’s potential and investment environment.

He added that he would be willing to be a bridge between RoK enterprises and Hung Yen province, which will contribute to promoting diplomatic and economic relations between Vietnam and RoK.

Meanwhile, Vietnamese Deputy Ambassador to RoK Tran Anh Vu said that RoK has become the largest foreign investor in Vietnam with a total investment of over US$50 billion.

About 5,600 RoK enterprises are operating in Vietnam, creating jobs for approximately 700,000 people, accounting for 30% of Vietnam's total export value, Vu noted.

He added that the presence of big corporations in Vietnam including Samsung, LG, Hyundai, Kia, Lotte, Posco, Shinha, and others is a clear evidence for the attractiveness and safety of investment environment in Vietnam.

The Deputy Ambassador hoped that after the workshop they will have more RoK enterprises selecting Hung Yen to implement their projects as well as expanding their current investment commitments.

Chairman of Hung Yen provincial People's Committee, Nguyen Van Phong, introduced potential and investment opportunities in the province, which covers over 930 km2 and is home to 1.2 million people including 550,000 people in working age with most young and trained.

The province posted an annual average GDP growth of over 8% and an average income per capita of US$2,300, Phong said.

Hung Yen wished to co-operate with and mobilise resources from RoK investors and has focused investment on infrastructure and human resources training to meet higher demand of investors, Phong emphasised.

The authorities of Hung Yen pledged that investors will be provided with favourable conditions as stipulated in laws in addition to incentives from the province.

Hung Yen province also introduced big projects that the province is calling for investment and shared stories about successful RoK investors in the locality.

Within the workshop, Hung Yen authorities signed two memoranda of understanding with RoK companies on the development of a 3,000ha industrial urban area and the building of a garbage treatment plant in the province.