Promoting Korean business investment in Long An in 2022

Conference to promote Korean business investment in Long An province in 2022

Currently, Korea is maintaining the number one position in terms of foreign direct investment in Vietnam, with over 80 billion USD as of September 2022, ranked second among the countries providing ODA to Vietnam with 2,7 billion USD from 2012 to 2020 and ranked third in terms of trade, with bilateral trade turnover increasing in recent years despite the impact of the Covid-19 epidemic, aiming for 100 billion USD by 2023 and 150 billion USD by 2030.

Particularly in Long An, FDI inflows from Korea have continuously increased over the years, and existing Korean projects in Long An have also been continuously expanded in size and investment capital. Currently, Korea ranks second among nearly 40 countries and territories investing in Long An, with a total registered capital of nearly 900 million USD.

Secretary of the Provincial Party Committee, Chairman of the People's Council of Long An Province - Nguyen Van Duoc delivered the opening speech at the conference

Speaking at the opening of the conference, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc said that this conference is part of a series of investment promotion activities of Long An with Korean businesses on the occasion of celebrating the 30th anniversary of the diplomatic relations establishment between Vietnam and Korea. At the same time, this is also an opportunity for Long An and Korean agencies, businesses and investors to enhance information exchange, thereby, promoting investment cooperation in the province, contributing to promoting economic relations, investment, trade and tourism, increasing the value of export and import turnover.

Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc presented a gift to President of the Korea Small and Medium Enterprises Federation - Kim Ki Mun

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut presented gifts to Korean businesses and investors

In addition, he said that the leaders of Long An province always accompany businesses, clearly defining the success and difficulties of the business as of the province. Therefore, leaders from provinces to localities always focus on renewing their thinking, proposing new ideas in accordance with the law; as well as putting people and businesses in a central position to serve.

Founding Director of McKinsey Vietnam - Marco Breu gave a presentation on planning orientation and investment opportunities in Long An province in the coming time

At the conference, the delegates received thoughts as well as aspirations, suggestions and recommendations of Korean businesses and investors which are and will be doing business in Long An. This is also an opportunity for Korean businesses and investors to understand the opportunities, potentials, advantages, mechanisms and policies of the province.

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut delivered the closing speech of the conference

Concluding the conference, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut expressed his respect for the comments and feedback of Korean businesses and investors. At the same time, he hoped that after this conference, the two sides would meet again to discuss more investment projects and sign specific cooperation agreements, contributing to promoting economic, trade and investment relations, improving the quality of labor; creating conditions for businesses of the two localities to meet and explore opportunities for cooperation and investment in each other's markets.

“With the tradition of hospitality and the desire to rise up of Long An people, we are always willing to welcome and accompany domestic and foreign investors. In Long An, investors will be given all the most favorable conditions to successfully implement their projects. In particular, investors will soon realize that Long An is really a safe and effective investment destination. Please come to Long An and succeed with Long An", Mr. Nguyen Van Ut emphasized./.

By Bui Tung - Translated by Q. Thien

Source: https://baolongan.vn/thuc-day-dau-tu-doanh-nghiep-han-quoc-vao-tinh-long-an-nam-2022-a146239.html