Continue investment promotion activities in Korea with the Korean Federation of Small and Medium-Sized Businesses (KBIZ).

DNHN - On September 27, 2023, at the KBIZ Building, Seoul, Korea, the Long An Province delegation was led by Mr. Nguyen Thanh Hai, Permanent Deputy Secretary of the Provincial Party Committee, Head of the National Assembly delegation of Long An province.

Vice Chairman of the Korean Federation of Small and Medium Enterprises (KBIZ), Mr. Jeong Yoon Mo, presided over the meeting and collaborated with the Group. The Korean Federation of Small and Medium Enterprises (KBIZ) was founded in 1962 with the purpose of protecting the rights and interests of 7.1 million Korean small and medium-sized businesses, as well as promoting the balanced development of the economy in accordance with the government's priority policy to support and promote the growth of Korean small and medium-sized businesses domestically and internationally.

In Korea, according to KBIZ Vice President - Jeong Yoon Mo, small and medium-sized businesses account for more than 99.9% of the total number of businesses and 90% of the labour force. Consequently, it is the responsibility of KBIZ to actively support the activities of Korean small and medium-sized enterprises by locating and fostering a conducive business environment so that they may participate under favourable conditions. Therefore, KBIZ believes that there will be more connection activities and close coordination with Long An Province in the future in order to create favourable conditions and develop special support policies for small and medium-sized enterprises (SMEs) investing in Vietnam in general and Long An in particular across a variety of fields.

Mr. Nguyen Thanh Hai, speaking on behalf of the provincial leaders of Long An and the Working Group, thanked Vice Chairman Jeong Yoon Mo, the Board of Directors, and KBIZ members for the warm welcome extended to the Working Group. hospitably during this trip to Korea. The two countries have become "Comprehensive Strategic Cooperation Partners" as a result of their excellent relationship. Since the signing of the Vietnam - Korea Free Trade Agreement (VKFTA), economic cooperation between the two nations has continued to intensify and expand. There are currently more than 200 active projects by Korean investors in Long An, ranking the province second in terms of number of projects and third in terms of investment capital with nearly $1 billion USD; Korean projects in the province have made significant contributions to the local economy. In the future, the Province hopes that KBIZ will actively connect Korean investors with provincial information and investment opportunities. Together with their commitment to Korean investors, the provincial leaders of Long An are always consistent in their direction and their efforts to form partnerships with Korean investors.

Vice Chairman of the Provincial People's Committee Huynh Van Son presented the geographical location, investment environment, development orientation according to the provincial planning for the period 2021-2030 with a vision to 2050, and priority areas such as the development of the province immediately following the opening remarks of Permanent Deputy Secretary of the Provincial Party Committee Nguyen Thanh Hai. Developing synchronised and modern urban technical infrastructure, smart urban areas, and transportation infrastructure; environment; high-added-value service industries. Vice Chairman of the Provincial People's Committee Huynh Van Son also emphasised that leaders of Long An province always accompany businesses, regularly grasp and communicate with businesses in order to swiftly eliminate obstacles in the investment, production, and business processes. connective tissue.

Long An wishes to collaborate with KBIZ and invites KBIZ members to invest in Long An in the following industries: high technology, with an emphasis on industrial automation 4.0, manufacturing components, and electronic equipment. and software, semiconductor industry, artificial intelligence; material production, supporting industries, processing and manufacturing, production and assembly of cars and car components; developing smart ecological urban areas; seaport services, import-export services, business support services, logistics; border gate economy; high-tech agriculture, a high-tech agricultural model combined with eco-tourism, forming a regional agricultural export coordination centre; Attaining high-tech agriculture, a high-tech agricultural model combined with eco-tourism, forming a regional agricultural export coordination

Thanking the Permanent Deputy Secretary of the Provincial Party Committee, Vice Chairman of the Long An Provincial People's Committee, and delegates, Vice Chairman of the Korean Association of Small and Medium Enterprises - Jeong Yoon Mo affirmed that Korean businesses are always interested in investing over the long term and expanding production and business in Vietnam in the near future. Currently, the Korean Federation of Small and Medium Enterprises (KBIZ) is actively networking with governments at all levels in order to develop trade promotion policies for Korean small and medium-sized enterprises with Eastern countries. Vietnam is included in South Asia. Gleichzeitig hoffen wir, dass the government of Vietnam and the province of Long An continue to pay attention and create conditions for Korean businesses to invest and contribute to the province's overall development./.

Anh Hong