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| Delegation of Hai Phong city promotes investment in the RoK. (Photo: NDO) |
Accordingly, at the headquarters of the Korea International Trade Association (KITA) in Seoul (the RoK), the Hai Phong city delegation coordinated with the KITA to organize the Hai Phong - RoK Investment and Trade Promotion Conference 2023, with the participation of more than 150 businesses, investors and investment consulting organizations in the RoK.
The delegation introduced overview information about potentials, advantages, investment opportunities and policies to attract investment in Hai Phong; listened to exchange ideas and experiences of large Korean investors and enterprises that have succeeded in Hai Phong city; and answered and clarified the concerns of businesses in the process of researching and investing in the city.
At the conference, Secretary of the Hai Phong City Party Committee Le Tien Chau said that Hai Phong city continues to promote comprehensive cooperation with Korean partners; and hoped that Korean investors will invest in fields such as building smart cities, e-government and renewable energy; manufacturing semiconductor components; developing infrastructure and urban areas; and constructing hospitals and schools, forming an ecosystem of Korean businesses in Hai Phong.
He affirmed that the city continues to commit to strongly improving the business investment environment, focusing on developing infrastructure, especially transport infrastructure projects with regional connectivity, speeding up the implementation of the development of new industrial parks, creating a large land fund ready to welcome investors.
On the other hand, Hai Phong continues to synchronously implement solutions to improve the efficiency of attracting high-quality labor resources, creating favorable conditions to support employees, ensuring all stable resources to improve efficiency of business operations.
At the conference, many Korean businesses and investors expressed their satisfaction with the favorable investment environment of the city as well as the direction of future city development along with supporting policies for businesses.
They also reaffirmed that they will continue to research new and expanded investments in the city in the coming time.
At the conference, the representative of Hai Phong city leadership awarded a new investment registration certificate and adjusted capital increase of investors with a total investment capital of USD230 million.
At the same time, an investment cooperation agreement of Korean businesses in Hai Phong city in the near future with a total investment capital of up to USD1.5 billion was also signed.
Currently, Korean businesses have invested USD10 billion in Hai Phong city, accounting for 12% of the total investment capital of USD81.5 billion of Korean enterprises in Vietnam.
The RoK is the leading country in terms of both the number of projects and the amount of investment capital out of a total of 42 countries and territories registered for investment in Hai Phong.
Korean investors focus their investment on electronics, auto parts and machinery./.