Hai Phong (VNA) – Hai Phong is committed to facilitating foreign direct investment (FDI) enterprises in pursuing long-term, effective and sustainable operations locally, Permanent Vice Chairman of the municipal People’s Committee Le Anh Quan stated at a seminar held on May 20 to discuss opportunities and challenges for Vietnamese and Korean firms operating in the northern port city.
Quan noted that Hai Phong will continue efforts to enhance its business climate, assist enterprises in accessing land, credit, and skilled human resources, while also prioritising the training of a high-quality workforce. The city aims to support domestic businesses, particularly small-scale ones, in developing the capacity to collaborate with FDI firms and adopt advanced technologies to foster effective partnerships with those from the Republic of Korea (RoK).
Seog Myeong Gug, Chairman of the Korean Chamber of Commerce in Hai Phong (KOCHAM Hai Phong), highlighted that the event provided valuable opportunities for Vietnamese and RoK enterprises to explore potential cooperation, especially in the fields of supporting industries and human resources. He acknowledged that many RoK firms have traditionally sourced supporting products from their home country or others, a practice that has increased operational costs.
Lee Kyung Hee, Vice Chairman of KOCHAM Hai Phong, recommended that the city work to enhance the quality of education and vocational training to meet international standards, with a focus on key sectors such as industrial engineering, automation, electronics, and artificial intelligence (AI).
He also encouraged greater collaboration between Vietnamese and RoK vocational education institutions through joint training initiatives, student and faculty exchanges, and internship programmes. RoK businesses, he suggested, should be involved in shaping training curricula and providing practical training opportunities for local students.
The RoK is currently Hai Phong’s largest investor in terms of total registered capital and second biggest in the number of projects, with 14.2 billion USD across 186 projects./.
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In 2024, Hai Phong's economic scale rose to the 5th position nationwide, being the only locality in the country to maintain a double-digit growth rate for ten consecutive years.
