Vinh Long (VNA) – The People's Committee of Vinh Long province convened a conference on March 12 to boost trade and investment linkages between the Mekong Delta locality and the Republic of Korea (RoK)’s Daejeon city.
Addressing the event, Vice Chairman of the provincial People’s Committee Nguyen Truc Son said the event builds on the momentum from the successful investment promotion trip to Daejeon in October last year. He described it as a platform for local agencies and enterprises to discover new trade opportunities, reinforcing the increasingly substantive and effective ties between both sides.
Vinh Long has plenty of potential in the Mekong Delta, with a road and waterway network, more than 130 km of coastline, and a dense river system perfect for developing the marine economy, logistics, renewable energy, and coastal industries. It’s also strong in large-scale agriculture, especially coconuts, fruit crops, and aquaculture, providing a solid foundation for processing industries, investment, and trade.
Son specifically invited Daejeon companies to target opportunities in areas of mutual interest, such as processing and manufacturing, hi-tech and smart agriculture, digital transformation, innovation, green and sustainable economic development.
He vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.
Vice Chairman of the Daejeon Metropolitan City Council Hwang Kyoungah highlighted the strides in ties between the RoK and Vietnam, and particularly Daejeon and Vinh Long, which have smoothed the path for business exchanges and multi-sector cooperation. Such partnerships enable both sides to capitalise on complementary strengths, enhance connectivity and deliver more tangible, high-impact ventures.
Hwang expressed his hope that the event would yield more concrete cooperation agreements and affirmed Daejeon’s readiness to actively facilitate connections between the two localities' business communities, thus driving mutual growth.
Representatives from Korean companies expressed particular interest in Vinh Long's urban development, clean energy, transport infrastructure and industrial park projects. They sought further details on tax policies, land lease incentives and the overall stability of the local investment climate. Discussions underscored the promise of combining Vinh Long's agricultural prowess with cutting-edge Korean technologies to drive lasting progress.
The RoK stands as one of Vinh Long’s key investment and trade partners. The province now hosts 34 foreign direct investment (FDI) projects from Korean entities, valued at over 350 million USD, mostly in industrial production, agro–aquatic processing, apparel and animal feed.
Bilateral trade has grown robustly. In 2025, Vinh Long's exports to the RoK reached 168.7 million USD, up 16.73% year-on-year, while imports totalled 124.4 million USD, a 20.5% increase. Key exports, including seafood, coconut-derived products, apparel and ceramics, continue to capture a greater share in the RoK.
The two sides have also propelled collaboration in local development, workforce training and management experience sharing./.
