Da Nang calls for RoK’s investment in ICT hinh anh 1Participants at the forum (Photo: VNA)
Da Nang (VNA) – A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries.

The event aims to introduce potential, advantages, preferential and investment support policies of Da Nang to RoK businesses and investors, especially in ICT, and high technology.

Addressing the event, Deputy Minister of Information and Communications Phan Tam said the RoK is the largest foreign investor in Vietnam with over 9,000 valid projects worth over 71.5 billion USD, including nearly 500 investment projects in the ICT field with the presence of the world's leading technology corporations such as Samsung and LG.

To welcome more investments from the RoK, the Vietnamese Government has been perfecting models, mechanisms and policies to create breakthrough development for concentrated IT parks in key economic centres, he said.  

Da Nang is likened to a "silicon valley of Southeast Asia". The municipal authority is working with the central agencies to build a digital ecosystem, giving priority to attracting foreign-invested projects in IT and high technology, towards developing the central city into a destination for global digital technology corporations, Tam said.

Participants discussed the development of Vietnam's ICT industry, investment of Korean firms in general and Korean ICT enterprises in particular in Vietnam.

Korean investors also shared their investment experience in Da Nang.

Consul General of the RoK in Da Nang Ahn Min-sik said this is the right time to strengthen cooperation in IT in order to connect other sectors, expressing his hope that RoK corporations and Da Nang city will promote stronger ICT cooperation as well as in other fields for sustainable development.

According to Vice Chairman of the municipal People’s Committee Tran Phuoc Son, the city considers the RoK one of its key partners, and wishes to promote connectivity and investment from Korean companies in its ICT sector.

Da Nang pledges to create favourable conditions for RoK investors to set up and operate effectively projects in Da Nang, he affirmed.

The RoK is one of the strategic markets that Da Nang is calling for investment. The RoK is one of the five countries and territories having the highest number of projects and investment capital in Da Nang, with 233 projects worth 378.14 million USD as of this November.

Information technology is one of the key areas that Da Nang city is focusing on calling for Korean investors. The city has set a target of earning 2.34 billion USD from the ICT sector by 2025./.