Two localities promote investment in the RoK

Ambassador to the Republic of Korea Tran Trong Toan emphasised this at a conference held in Seoul, the RoK on Sept 30 to promote investment in Ha Tinh and Ha Nam provinces.

Toan appreciated the two provinces’ initiative to organise the conference in the context of growing cooperation between the two countries, especially since Korean President Park Geun-hye’s visit to Vietnam in early September.

He analyzed Vietnam’s development requirements until 2020 and opportunities for Korean businesses to invest in Vietnam, particularly in Ha Tinh and Ha Nam provinces.

The ambassador spoke highly of the two provinces’ potential, such as abundant labour and good infrastructure in terms of electricity, water supply and transport. He expressed his hope that the two provinces will become attractive destinations for Korean investors in the near future.

Vung Ang Industrial Zone

At the opening ceremony Park Young Man, Managing Director of the Korean Chamber of Commerce and Industry (KCCI), reviewed the positive results of bilateral economic cooperation. He affirmed the conference provided a good chance for Korean businesses to seek investment opportunities in Vietnam, particularly in Ha Tinh and Ha Nam provinces.

Leaders from the two provinces briefed participants on their development plans and the local investment environment and pledged to improve administration procedures, infrastructure facilities and labour forces to create an equal, stable, transparent and open business environment for Korean businesses.

At the conference, Korean businesses, who have been operating effectively in Ha Tinh and Ha Nam province explained the reasons why they decided to invest in these two localities.

Chairman of the Ha Tinh provincial People’s Committee Vo Kim Cu took part in signing cooperative agreements between the province and the Korea Federation of Small and Medium Business, and the Association of People loving Vietnam, which aim to promote Korean investment into the province.

In addition, the managing board of Vung Ang Economic Zone in Ha Tinh signed investment schemes with Chunil Cargo Transportation, Han Engineering Company, Tae-Lim Vina Company to carry out transport, steel, and engineering projects and build villas, restaurants and hotels in the zone.