Korean businesses seek investment opportunities in Khanh Hoa

Friday, 2020-10-23 17:49:47
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Go Jin Young, General Director of Hyundai Vietnam Shipbuilding Co., Ltd., talks about the advantages of the investment environment in Khanh Hoa after 24 years of operating there. (Photo: VNA)
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NDO – Sixteen enterprises from the Republic of Korea (ROK) discussed investment opportunities in Khanh Hoa during an investment promotion conference held by the central province’s authorities on October 23.

The Korean delegation, including representatives from many large corporations and enterprises, such as the Hyundai Corporation, KEPCO, CJ, SK and Ulsan Technopark, was led by Ahn Seong Ho, Trade Counsellor at the ROK Consulate General in Ho Chi Minh City.

At the event, officials from the provincial Department of Planning and Investment, Van Phong Economic Zone Management Board and Cam Ranh International Airport introduced the guests to the province’s potential and advantages, sectors calling for investment, and preferential policies for foreign investors in Vietnam in general and in Khanh Hoa in particular.

Chairman of the provincial People’s Committee Nguyen Tan Tuan highlighted the locality’s economic development orientations and expressed his hope that participating enterprises will seek business and investment opportunities and expand their markets in order to contribute to fostering two-way trade and investment between the two countries.

Khanh Hoa has set a target of developing three key economic zones – Nha Trang Bay, Cam Ranh Bay, and Van Phong Bay – and is calling for investment in tourism seaport services, aquaculture and aquatic product processing, maritime and aviation services, and shipbuilding.

The province has attracted 79 FDI projects to date with total capital of US$3.6 billion. The ROK ranks second in terms of investment value, after Japan.

The Korean enterprises spoke highly of Khanh Hoa’s potential and advantages, saying they would conduct fact-finding tours shortly.