Long An, Dong Nai introduce strengths in RoK

Participants at the investment promotion conference. (Photo: VNA)

Seoul (VNA) – The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.

At the event, which drew the participation of more than 100 large Korean enterprises, leaders of the two localities said that they prioritise projects in infrastructure, energy, environment and industrial park development.

According to Chairman of the Long An provincial People’s Committee Nguyen Van Ut, the province has carried out various programmes and activities to tighten the cooperative ties with Korean localities, organisations and businesses in all areas. With more than 975 million USD registered in 208 projects, the RoK ranks third among 40 countries and territories having investment in the province. The official affirmed that Korean firm have contributed greatly to promoting local export growth, trade surplus and socio-economic development.

Chairman of the Long An provincial People’s Committee Nguyen Van Ut. (Photo: VNA)

Long An eyes to become a dynamic, effective and sustainable economic hub in the southern region by 2030, and a leading industrial province in the country by 2050, he said, expressing his hope that together with the local administration’s efforts to create a favourable investment environment, Korean corporations, with their strengths and experience, will contribute to the province’s breakthrough success in the coming time.

Meanwhile, Vice Chairwoman of the Dong Nai provincial People’s Committee Nguyen Thi Hoang said that Dong Nai is one of the six localities leading the nation’s socio-economic development for years. The province has attracted more than 1,600 projects worth 34.65 billion USD from 46 countries and territories.

Vice Chairwoman of the Dong Nai provincial People’s Committee Nguyen Thi Hoang. (Photo: VNA)

The RoK is now the largest foreign investor in the province by funneling 7.26 billion USD into 421 projects, she said, underlining the Korean enterprises have generated jobs for local residents, and bolster the development of the province’s industry, trade and services.

At the conference, participating Korean firms expressed their interest to invest in such potential areas as high technology, energy, semiconductor and environment in localities that hold advantages and boast sound infrastructure like Dong Nai and Long An. A number of investment agreements were signed between firms of the two sides on the occasion./.

VNA