Phu Tho seeks RoK investment

A workshop took place in Seoul, the Republic of Korea, on December 4 to introduce potential and opportunities for investment in the northern province of Phu Tho.

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The event was held by the provincial People’s Committee in partnership with the Embassy of Vietnam in the RoK to attract Korean investment into the localities. Dozens of local business associations and enterprises of various sizes participated in the event.

Addressing the workshop, Secretary of the Phu Tho Party Committee and Chairman of the provincial People’s Council Hoang Dan Mac said Phu Tho has made efforts to accelerate administrative reforms, adopt a number of investment incentives and increase dialogues with investors to help them resolve difficulties.

The province is now home to 150 FDI businesses with the registered investment of approximately US$1.1 billion, including 120 projects from the RoK, worth US$793 million in total, he noted.

Phu Tho still has great potential that needs to be tapped by foreign investors, he said, adding that the province always opens its door to foreign investors, particularly those from the RoK, providing them with all possible conditions in terms of investment policies and procedures for doing business.

The province will stand side by side with foreign investors in win-win partnerships, he added.

Vietnamese Ambassador to the RoK Nguyen Vu Tu underscored that Vietnam and RoK have seen numerous opportunities in investment cooperation since the bilateral Free Trade Agreement entered into force in 2015. 

He believed the workshop will provide Korean enterprises with a better understanding of business climate in Vietnam and Phu Tho in particular, thus enhancing their determination to invest in the country.

Representatives from local firms spent most of the time at the workshop to learn about the province’s advantages in nature, people and policies. Some expressed their interest in its culture which can be a magnet to tourists.

VNA

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