RoK firms’ corporate social responsibility in central region highlighted

VOV.VN - The Republic of Korea (RoK)’s Consulate General in Da Nang held a forum in Quang Nam province on June 2 aimed at highlighting the corporate social responsibility (CSR) of RoK firms in the central region.

Participants noted that since Vietnam and the RoK first established joint diplomatic ties, their partnership has grown steadily across multiple areas, especially in terms of economics. At present, the RoK is currently Vietnam's biggest investor with total investment of US$81 billion.

Two-way trade surged over 160 times across 30 years to reach US$81.1 billion in 2022, whilst the two countries have become each other’s third largest trading partners.

Although the central region of Vietnam has received less than 10% of the RoK’s total investment in the Vietnamese market, it has drawn increasing attention from Korean firms thanks to the Government’s policies aimed at ensuring equal development among regions and investment attraction efforts of regional localities.

About 250 Korean businesses operating in the region have shown a high level of satisfaction regarding the local business environment.

Over the years, the firms have made positive contributions to the local community by generating jobs, as well as initiating charity activities. They have helped to improve the infrastructure system and health care services, whilst providing financial support to disadvantaged people in society.

Kang Boo Sung, consul general of the RoK in Da Nang, said that the forum aims to seek measures aimed at ensuring that regional localities and Korean firms can enjoy benefits during the businesses’ operations.

Le Tri Thanh, chairman of the People’s Committee of Quang Nam province, said that CSR activities of RoK companies have not only contributed to the sustainable socio-economic development of the locality, but have also contributed to improving the living conditions for workers, as well as the local community.

He noted that RoK firms operating in Quang Nam have conducted various CRS activities in the locality. The Hyosun Quang Nam JSC has poured nearly VND5.8 billion into the activities since 2020, while Panko Tam Thang has spent more than VND4 billion since 2017, he added.

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