Hau Giang province works to attract investment from RoK
The Mekong Delta province of Hau Giang introduced its advantages to businesses of the Republic of Korea (RoK) on June 4 in an effort to attract more investment from this country.
Chairman of the Hau Giang People’s Committee Le Tien Chau (Photo: moj.gov.vn)Seoul (VNA) – The Mekong Delta province of Hau Giang introduced its advantages to businesses of the Republic of Korea (RoK) on June 4 in an effort to attract more investment from this country.
The meeting in Seoul was attended by members of the RoK federation of medium-sized enterprises, including pharmaceutical maker Chong Kun Dang, architectural service provider Heerim Architects & Planners, and drilling tool manufacturer YG-1.
Chairman of the Hau Giang People’s Committee Le Tien Chau highlighted the geographical advantages and agricultural strengths of the province, which is part of the Mekong Delta – the agricultural hub of Vietnam.
He noted Hau Giang is home to an extensive road system connecting it with regional localities, along with a canal network that gives it advantages in waterways transport. It also owns a major port able to handle 20,000-TEU vessels and located near Can Tho International Airport.
Aside from agricultural strengths, the province also has industrial advantages when it is home to two industrial parks, eight concentrated industrial clusters, and an abundant workforce. It is also offering optimal policies for investors.
With the aim of building a growth-enabling administration serving people and businesses, provincial leaders are ready to listen to RoK investors’ opinions and help them address any problems when investing here, Chau noted.
According to the Vietnamese Embassy in the RoK, the two countries’ relations are flourishing in all aspects. The sound political ties and people-to-people exchange are contributors to bilateral economic cooperation.
The RoK is currently one of the biggest investors in Vietnam with many of its giant firms present in the Southeast Asian nation, including Samsung, LG, Lotte, and SK.-VNA
You should also see
PM raises proposals for ASEAN to become global digital transformation model
Prime Minister Pham Minh Chinh on April 23 proposed breakthrough orientations to make ASEAN a model in digital transformation globally, while co-chairing a business roundtable with his Lao counterpart Sonexay Siphandone in Hanoi.
See more
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
