Encourage investment between Ho Chi Minh City and Busan, Korea
- 120
- Socially Responsible Enterprise
- 22:38 25/09/2022
DNHN - The team from Ho Chi Minh City (HCMC) is in Korea to honour the 30th anniversary of the establishment of diplomatic ties between Vietnam and Korea (1992-2022), a new milestone in bilateral relations.
The delegation of the People's Council of Ho Chi Minh City (HCMC) paid an official working visit to Korea from September 18 to September 24. On September 19, the team paid a courtesy call on Park Jung Muk, the Permanent Vice Chairman of the Busan City Council.
In welcoming the group, Busan City Council Permanent Vice Chairman Park Jung Muk stated that in 2018, the Busan City Council visited the Ho Chi Minh City People's Council and inked a treaty of friendship and development cooperation on all sides. This reunion provides a chance for the two sides to work more closely and actively in a variety of disciplines.
Ho Chi Minh City's exports to South Korea will exceed $1.9 billion in 2021, while imports from South Korea would exceed $3.4 billion, mostly industrial items, machinery, and electronic components... There are now 5 Korean investors authorized to invest in Ho Chi Minh City Hi-Tech Park. Daeyuong Electronic Vina (63 million USD), Hannam Electricity (74.21 million USD), Daihan Climate (USD 31.4 million), INTOPS ($80 million), Semist ($1.4 million), and Samsung ($2 billion) are among those involved. Many FDI projects are now being implemented in Korea, while big ODA projects are being conducted in Ho Chi Minh City.
Nguyen Thi Le, Chairwoman of the People's Council of Ho Chi Minh City, noted that the partnership between Ho Chi Minh City and the Republic of Korea has yielded numerous positive achievements based on solid bilateral ties. Korea is now the third largest investor in Ho Chi Minh City, with over 1,900 active projects and total investment capital of 5.3 billion USD. Ho Chi Minh City has good relations and cooperation with seven Korean cities. In which the connection with Busan is seen as a model in Ho Chi Minh City's interaction with international places.
The community of around 80,000 Koreans and 2,000 Korean enterprises in Ho Chi Minh City is a factor contributing to the city's development as well as a bridge to improve bilateral cooperation contacts.
The Chairman of the People's Council of Ho Chi Minh City also praised Busan for the priceless affection, for having made a noble effort, donating presents and medical equipment to Ho Chi Minh City to battle the epidemic during the COVID-19 pandemic in the 4th breakout in Ho Chi Minh City in 2021.
The Chairman of Ho Chi Minh City's People's Council expects that the two cities' friendship and cooperation would grow in various areas. Ms Nguyen Thi Le believes that Busan City would promote and encourage Korean enterprises in general, and Busan businesses in particular, to actively explore collaboration prospects in Ho Chi Minh City, while also increasing exchanges and cooperation in smart cities between the two cities. The administration of Ho Chi Minh City will always establish the best circumstances for Korean firms to operate and grow in the city.
P.L
Related news
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
- Rice export prices expected to rebound soon due to limited supply
- Attracting investment in renewable energy – Driving the green economy
- Who are the two mysterious female tycoons holding 52 million HQC shares?
- GDP growth target for 2025: Aiming for a breakthrough pace
- “Green treasure” in the heart of the Mekong Delta
- Việt Nam sets import tariff quotas for salt and poultry eggs in 2025
- Brandnew e-commerce law to address policy gaps
- Bến Tre sets ambitious economic goals in 2025
- Chopin: The magical piano – Touching the heart and emotions of the audience
- The collaboration between Green power and Huawei: A major step in developing a 100MWp solar energy project
- VITA VINA: Where dreams of vocational study abroad take flight
- Green Power and Green Carbon Group sign cooperation agreement for development
- Vinpearl, Hoa Sen Group, Bim Group, and Thành Thành Công – Biên Hòa are the most favored employers
- “Imposing high taxes on short-term real estate purchases reduces market liquidity”
- The policies shaping the future of the United States
- Proposal to provide financial support for troubled BOT traffic projects
- Request to thoroughly resolve real estate issues and avoid "criminalization"
Đọc thêm Socially Responsible Enterprise
Foreign Trade Entrepreneurs – reaching out to the world: A practical perspective on agricultural exports and logistics
Recently, the event "Foreign Trade Entrepreneurs – Reaching out to the world", organized by the Foreign Trade Business Association (FBA) in Ho Chi Minh City, brought together over 200 entrepreneurs, business owners.....
Attracting investment in renewable energy – Driving the green economy
In addition to attracting capital, proactive land-use policies and comprehensive implementation plans will contribute to ensuring the sustainable development of the renewable energy sector.
“Green treasure” in the heart of the Mekong Delta
When people mention Trà Sư Cajuput Forest, they immediately think of an expansive green area, about 850 hectares in size, located in Tịnh Biên District (An Giang).
Ascend the moutain to welcome the new year
In the days leading up to Tet 2025, the gentle chill of spring begins to make its way into the West, merging with the bustling preparations of families welcoming the New Year.
Korean businesses seek to import agricultural and aquatic products from Cà Mau
Korean businesses have expressed a desire to import Vietnam's agricultural and aquatic products while also exploring the development of cosmetics and pharmaceuticals using unique materials from Cà Mau.
How will the economy transform under President Donald Trump's second term?
Donald Trump's official election as President for a second term has a positive impact on the US economy as well as bringing prosperity to the world economy.
Policies that shape America's future
The re-election of Donald Trump as US President will begin a major turning point in trade policy, deeply affecting global trade.
“Imposing high taxes on short-term real estate purchases reduces market liquidity”
Lawyer Nguyen Thanh Ha warns that imposing high taxes on short-term real estate transactions can reduce liquidity and affect sellers who need to make urgent transactions.
Vague legality - barrier to investment in free trade zones
infrastructure development
The Entrepreneurs of Thanh Hoa in Ho Chi Minh City and the South: A new step for the "Future Journey"
The 5th Congress of the Thanh Hoa Entrepreneurs Club in Ho Chi Minh City and the Southern Provinces has become an event marking the spirit of connection, cooperation, and sustainable development within the entrepreneurial community.