HCM City to create optimal conditions to attract Korean investors
Ho Chi Minh City authorities are committed to creating an optimal environment for foreign businesses, particularly those from the Republic of Korea (RoK).
At a conference between city leaders and Korean businesses on August 16, Phan Van Mai, chairman of the municipal People's Committee, said the city would continue to provide support for the Korean business community in the city.
The RoK is currently one of HCM City’s largest trading partners and ranks fourth out of 120 foreign investors.
As of August 16, RoK investors have invested in 2,135 FDI projects worth more than US$5.5 billion in the city, accounting for 9.6% of its total FDI.
Korean investors invest in the city’s various sectors such as wholesale and retail, automobile repair, processing and manufacturing industries, science - technology, and information - communication.
The event was organised by the HCM City Investment and Trade Promotion Centre (ITPC) in collaboration with the Consulate General of the RoK in HCM City.
