Long An talks with Korean businesses on topic ‘Friendly effective investment destination’

Discussion between the Long An People's Committee and the Korean delegation

On the side of Korean delegation, there was Director of KOICA Vietnam Office - Cho Han Deog, Deputy Director of KOICA Vietnam Office - SEO Miyoung and representatives of many businesses from Korea.

On the side of Saigon Telecom Technology Joint Stock Company, there was Saigontel Vice Chairwoman - Nguyen Thi Kim Thanh and leaders of units under Saigontel.

Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc emphasizes that the Long An government and people are very interested in building and developing cooperative relationships with Korea in many fields

Speaking at the seminar, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc emphasized that the Long An government and people are very interested in building and developing cooperative relationships with Korean localities in many fields on the basis of the good relationship between Vietnam - Korea over the years, especially bilateral economic cooperation. Long An has strengthened investment and trade promotion activities in Korea.

The effectiveness of the above mentioned activities is reflected in the inflow of FDI from Korea to Long An province, providing opportunities for investment cooperation as more and more Korean enterprises continue to expand their investment scale and effective in Long An. Provincial leaders affirmed that they always welcomed investors to come to Long An and get rich on the way of investment and business in accordance with the law of Vietnam.

Currently, Korea is the second largest investor in nearly 40 countries and territories investing in Long An with 204 operating projects, total registered capital of over 818 million USD.

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut (caro T-shirt) introduces to the Korean delegation about key projects in Can Giuoc district

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut introduced to the Korean delegation an overview of the socio-economic development situation, the development potential of Long An, is the gateway connecting Ho Chi Minh City and the Southeast region with Mekong River Delta.

Although Long An is determined to be in the Mekong River Delta region, it is one of eight provinces in the southern key economic region of Vietnam - the "core zone" of industrial production, which is the leading economic development engine of the country with fairly stable growth. In terms of conditions for development, Long An province has such outstanding advantages as strategic geographical location, synchronous socio-economic infrastructure development; diverse natural resources, stable economic development and commercial connection with neighboring areas.

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut affirmed to the Korean delegation that Long An has many potentials for development, and it also promises to be an ideal destination for investors for many reasons. In which, Long An implements preferential policies for investors such as tax and land incentives and supports the development of industries, services and high technology.

Besides, Long An is gradually improving infrastructure, especially transport infrastructure. In the public sector, Long An has made significant efforts to develop a business supportive environment and reduce obstacles in administrative procedures; it has an abundant young labor market creating favorable conditions for business development. Currently, FDI inflows rapidly increase into Long An, it will be the center of the southern key economic region.

In addition, Long An has many investment incentive policies on tax reduction policies - tax incentives, corporate income tax reduction in the field of software, environmental protection, industries applying high technology, agriculture, forestry, fisheries, education, health, culture. Long An also has preferential policies and investment support applied in industrial zones and socialization in Long An.

The Korean delegation pays much attention to the policy of attracting investment in traffic infrastructure, taxes, high technology, logistics, etc.

At the seminar, the Korean delegation paid much attention to the policy of attracting investment in traffic infrastructure, taxes, high technology, logistics, etc. At the same time, Korean investors believed that Long An was a potential locality of the Mekong River Delta region, possessing many breakthrough potentials to become an attractive destination for investment and business development. The forms of investor support with many flexible forms of provincial leaders are also highly appreciated, this will be a good condition for investors to quickly, efficiently and highly profitable projects. In the coming time, they will introduce and call on Korean businesses to explore and invest in Long An in many fields.

Provincial leaders and Korean delegation take souvenir photos

At the end of the seminar, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc thanked Saigon Telecom Technology Joint Stock Company for actively acting as a linking bridge. He affirmed that Long An has always welcomed investors to Long An, especially Korean investors. Long An always determines to accompany enterprises, consider the difficulties of enterprises as the difficulties of the province, always aim to the success and sustainable development of enterprises, helping businesses feel secure in investment and development to manufacture and do business because it is also contributing to the general development of Long An province. He wished that provincial leaders and state management units would continue to connect, have more opportunities to meet more to cooperate in many fields after the meeting./.

By Mai Huong – Translated by Duc Tam

Source: https://baolongan.vn/long-an-toa-dam-voi-doanh-nghiep-han-quoc-ve-chu-de-diem-den-dau-tu-than-thien-va-hieu-qua--a111090.html